Shows the unbelievable progress that Newcrest have been making at Havieron right through the height of the Aussie summer in the Paterson. Anyone who doubts where this is going or the total commitment of Newcrest to this project then just one look at this should qualm any lingering doubts or fears.
Another 1million print @ 19.25p gone through from 16:30 yesterday - we can all see the pattern, I'm not bothered - I can sit and wait for as long as is necessary. Make the buggers stump up and pay properly to get a slice of "OUR" company.
Hi TT, I think that your waters may be very right on this one. I'm guessing we will be seeing those words printed on the next results in 4 weeks time and probably even after the PFS is formulated in September. So very comfortable holding onto these for the very, very long term - ATB Paddy
The progress on the box-cut looks pretty stunning also - you can almost make out the graduations on the different levels from the image today. Not long until the portal is formed and they begin the descent towards the good stuff.
Looks like the "growth" drilling program is stepping up a gear or two. We knew that they were drilling the Northern & Eastern breccias from existing drill pads - today I have spotted the first big step-out hole in a long time.
It's obvious that the Eastern breccia is hitting and they are now chasing it out to the North from the ovoid.
Any of the LTHs that I am in touch with will back up this theory also - there are not too many people left to be panicked into selling and they need to be very careful as any drops now are being well bought into. This day 4 weeks to the next set of Havieron results, imminent start of Juri & Scallywag field work, Indicated MRE for the SE sulphide zone could drop anyday, possibility of the remaining Scallywag results to come anyday, any other left field news like we have had this week.
Well the first leg of the journey is done, I'm sitting here in the queue at Holyhead waiting to board the ferry and I've had a chance now to read through the many messages of support.
Can I just take the opportunity to thank each and every person who has taken the time to post such heartfelt and supportive messages - they definitely are appreciated. Not looking forward to the next few days but I'll get through it and be back to hound you all next week.
I've just had news today of a family bereavement which means I need to get on the next available ferry back home to attend my father's funeral this weekend. Needless to say I won't be posting for a while as other more pressing issues need my attention.
I shouldn't need to do this but feel I need to explain why I will be absent over the coming days - here's to next week and better sentiment and manners all around.
@zoros - I can't see anyway that NCM could get 12Mtpa out of Havieron until the bulk mining option. In Sandeep's last interview he definitely stated that initially they thought a Stoping operation of 1-2 Mtpa but currently they were looking at 5-6 Mtpa using SLC (sub-level caving).
Bamps is right in the fact that Hannam's stated in their very first note that 2Mtpa would just about be possible using a truck haul system but for anything higher then I would assume they would need to install a crusher in the bowels of the mine and then have some sort of conveyor/hoisting system to remove the crushed ore.
There will be a lot on information/data that will be getting crunched at the moment to inform the PFS - should make very interesting reading in September.
@jackthebear - I personally don't have any take on it, I'm not involved in the financial world - it is a million miles away from my engineering background - and I can't say I would want to be involved with the shenanigans that seem to go on.
I am focussed purely on the company and the assets, that is the only thing that they can take care of - if they do that properly then the SP and the value will "eventually" take care of itself.
You are looking for the results from the "Grilla" prospect. Overall they weren't great results but they have found pathfinder elements in the holes so similar to Scallywag in that they could be in the "halo" of a larger system.
"Grilla = Anomalous silver (max. 2.77 g/t) and elevated tungsten (max. 951 ppm), with low level gold (max. 70 ppb), zinc (max. 357 ppm) and lead (max. 625 ppm). "
I did post about this earlier in the month but probably missed in all "other" posts - Paddy