RE: Post removed, so here it is again:11 Jun 2021 13:02
Agreed Hydro - I think the industry and a lot of commentators (both mining & financial) are not seeing the big picture here and that is totally understandable. In the mining industry things generally move at a snail's pace - crossing all the t's and dotting all the i's in a nice methodical manner.
This pragmatic approach is time served to enable the miner to develop the mine without tripping up over any of the multitude of environmental, jurisdictional, technical, etc, etc hurdles that appear along the way from the initial discovery to the eventual pouring of first gold.
Sandeep has taken a flyer here and no doubt the situation that Telfer has found itself in has forced his hand a little bit, but also as Havieron has developed over the past 2 years (they only started drilling in May 2019) it has become more & more apparent how much of a no-brainer it was for them. The sulphide zone alone justifies them developing the decline and ultimately the mine - the breccias and the as yet undiscovered additional targets inside the 12 blocks will be the gravy for the next decades to come, the only question for me is how many decades will Havieron be producing - I'm hoping my grandkids (not born yet) will be reaping the rewards in years to come.
All joking aside - if those grades from HAD113 hold up at depth across the whole of the SE Sulphide zone then we're looking at 10Moz in that zone alone before we even talk about the breccias.
I agree with Merc - a little underwhelmed with the amount of holes but you can't argue with the grades and intersections - will we see anything different when the next set are released? I don't think so.
Can I just say - good luck to all and sundry and regardless of what is reported tonight (I'm expecting it to be very good BTW), it is only another staging post on the road to production. Don't let anyone wind you up or get under your skin.
We will all be part owners of a Tier 1 mine in WA in the very near future - ATB Paddy
I must admit when I initially saw the 25p target I was a little perturbed but on reflection I'm inclined to agree with Jerseycrew's summation with the caveat that I haven't seen the note - only the snippets that he has posted.
Reading between the lines, it seems that our brokers are struggling to get to a suitable valuation using the metrics that they would normally use to recommend the stick to their institutional clients. I guess that because GGP has always been the PI's darling stock gives them this valuation problem.
Their problem is our opportunity, you can see they desperately want to rate us much higher but their hands are tied, this gives the more nimble PI who is willing to take the risk the opportunity to get in ahead of the herd IMO.
The other strips are on different days @rotherby, even Sandeep can't order up clouds on the days that the satellite flies over our section - just a bit of bad luck for the past few weeks. I have a clear view on planet.com from yesterday and all is still good.
Nothing earth-shattering to report on step-outs at the moment but keeping a close eye on that prepared pad up near the explosives magazine. Expecting them to start there sometime in July if not before.
Morning all - no more sleeps to go until we see a little more of the complete picture at Havieron. It's like the bonus catchphrase - every 6 weeks another square is taken away and we can guess a little bit better at the overall size but we may need the centre square to be removed before we can have a good stab at it.
Anyway - Mother Nature is up to no good this morning again as all we have is a sea of cloud obscuring the desert in WA again today. Mind you - I'm sure the workers out there will be glad of a bit of shade from the sun.
Seems like everyone who wants in at the moment is already holding. The "hot" trading money is probably sitting on the sidelines waiting to see what the results are tomorrow night before deciding what to do on Thursday. Happy to see it build very slowly with nice sticky strong hands as opposed to the weaker guys/gals who will bolt for the door at the first sign of any perceived bad results - I say perceived because even Callum has described the results at Scallywag as strongly indicating the nearby presence of an orebody.
Here's to H2 of 2021, I have a feeling it's going to be a lot better for the LTH's that H1.
I agree WF - Shaun Day would definitely want to be the one to announce the drill results first. I'm pretty sure that's how it works for Antipa at the moment. They release an ANN when there are any results from their JV with NCM and then NCM will include that in their 6 weekly update.