Thanks for your input, it's great to have this from experienced miners from Oz and please keep on posting when you see fit. Whether it's 9 months or 12 months makes no difference to my ultimate strategy here - just means numb hands and arms for a little longer.
Hi Les, I bow to your experience and greater knowledge on the tunnelling subject. I know from the mining proposal that they have proposed using a combination of drill & blast and a roadheader machine. I wondered if the roadheader would be used in the less consolidated permian cover and be capable of greater speeds?
"Development of the decline is premised on utilising both Roadheader and Drill and Blast Methodologies. Shotcrete application will occur following the completion of the excavation and bogging cycles. Shotcrete will be transported from the surface to the face area underground utilising agitators and will be applied to the backs through the use of shotcrete rigs. Rock bolt installation will occur utilising the Jumbo for decline development. Removal of waste rock from the development headings will be via truck. The trucks will be loaded via the tail conveyor from the Roadheader during the excavation cycle or loaded out by an underground LHD into the Haul Truck at the previous stockpile
Rebalance is announced tomorrow and will be implemented by the 19th. If as reported NST get booted out then we should see some nice upward pressure on the SP next week as more shares make their way into sticky hands.
RE: Amazing results but only one question10 Mar 2021 22:52
Nice update on the Juri JV too - so Parlay, Goliath, Los Diablos & Outamind confirmed to be drilled and field activities to start by the end of March - not long until we start to see them punching holes into other areas of the Paterson.
RE: Amazing results but only one question10 Mar 2021 22:28
I've just got in from a late shift at work and have read through the results and a few of the comments here.
The results are outstanding again as usual - the quality and size of the intercepts is no surprise to us or to Newcrest but I believe that Sandeep is as excited as ever about Havieron - have people already forgotten his BMO presentation only the other week.
This report more concentrated on the infill of the SE sulphide zone to allow the MRE to be converted to indicated from inferred - now they will concentrate on the growth program to get another inferred estimate which will be included in the PFS.
Onwards & upwards whilst sitting on those hands - we have 30% of a monster deposit..... Paddy
If you look closely you can see that they look to have completed the first "cut" and you can make out the machine at the front of the second "cut". It looks to be a lot whiter than the original footprint. It seems that they are making very good progress on the earth moving.
I just listened to the Pierre Lasonde interview - thanks for the link. When somebody with his experience who has been through multiple gold cycles speaks then you have to sit up and take notice.
Copper/Gold deposits are "Nirvana" - I wonder who just happens to be sitting on a copper/gold doozy?
If Newcrest stick to the same schedule as last year then we should see the results this week, is would say though that there are 13 weeks between the December and March quarterlies so if they decide to go exactly halfway then there's a possibility that we will see the results on Monday/Tuesday next week .
Just be aware and don't freak out if we don't see anything from Newcrest this week as there is no fixed date for interim results.
"In this critical fixed-term contract, you will support the establishment of the Havieron Project for underground mine development from the later stages of the box-cut construction through to the commencement of the exploration decline."
They are manning up for the push from the box-cut and into the decline development.
Can't wait to see those trucks bringing the ore up the decline from the ore-body, exciting times.
Back to ramping again then Spy :-))) you must be bored lol.
All joking aside you have hit the nail on the head - people are probably more wary as they have a lot more to protect than they did this time last year, I personally have felt that massively on the drop from 37p to where we are today but I believe more than ever where the end game will be for GGP.
Scallywag is not over by a long chalk either IMO - multiple pathfinder elements from the drilling and all the downhole information they have gained will be added to all the surveying and modelling data they have assembled over the past 2 years.
I'm more excited than ever by the prospects we have in front of us and while the general markets may be giving us a kicking at the moment, I take solace from interviews like Sandeep did last week and the weekly updates we can see from the satellite images - Newcrest aren't bothered about the daily fluctuations in the gold / copper price and neither should we - eyes firmly on the end game and the big prize IMO.
Don't get me wrong folks - I'm not in the slightest bit worried, in fact everyone, everywhere is predicting that all the current market reactions will be bullish for gold as the year progresses and especially towards the end of the summer when we will be looking forward to a pretty seminal moment for the development of our little company as Newcrest will deliver the PFS.
I was just commenting on the lack of posts this morning and the general malaise that seemed to be percolating through - great to hear that many of you are still looking in and keeping a watching brief as we approach the news rich period over the 2nd/3rd quarters this year.
Starting with another set of stellar infill and growth drilling results next week - looking forward to seeing if Newcrest have been making headway into the Northern & Eastern breccias since the last update.
I wonder if Sandeep will elaborate any more on their plans to drill at the new targets within the JV area that they have identified.