Yes TMT - they are being conservative on most criteria in their assessment - they didn't even mention the high grade that has been discovered in some of the breccia. I think we are all pretty confident that the HGZ will be extended to the NW as the step-out drilling continues also so there is the possibility that the sulphide zone could easily double from here.
New satellite image tomorrow and interim results maximum of 4 weeks from today.
Hi Stu - surely nobody, but nobody in their right mind is going to be selling now. I mean I know there's levels that people sell at and I don't know what sort of games they play but if anyone sells today they are nuts IMHO.
Chester, I love the look of Scallywag and I think it could be the real value unlocker (as HAT used to say) for GGP but regardless of it's geological setting, and the similarities of the AEM and geochemistry surveys - until Callum & Gervaise are holding a core full of glistening alteration from the depths of it in their hands then NCM won't be attributing any value to it IMO.
It's imperative that we get cracking on their asap and I believe that once the heritage clearance issues are sorted then we will be cracking on without further delays.
I'm assuming that the high grade sulphide zone that Sandeep has said is unique to the Paterson (so far) is what has caused the magnetic signature at Havieron. We know that they haven't seen this type of mineralisation before as he has been at pains to point out on numerous occasions.
Therefore there must now be a greater than evens chance that the magnetic signatures we are seeing at our other targets are caused by the same type of mineralisation - especially when the geochemistry results are similar also.
Schlemiel, if you remember the note issued by Sprott back in January 2019, they highlighted the different magnetic signature of Havieron to Telfer also. The fact that Telfer didn't display anything on any AEM surveys probably discounted a lot of the magnetic signatures in the region as barren.
At first they assumed Havieron would be an IOCG from the magnetic response but it's proven to be a similar geology to Telfer but in higher grades.
You can see where I'm going with this theory - let's see if it holds up when Scallywag is drilled
kieffy - remember first pick only lasts as long as the farm-in is in operation, as soon as that is complete then it's open season again although I would think something else would be put in place before that were to happen.
Yes magictrades - I have downloaded the Winu one and it looks very pretty, I hope he does the same this week for the Havieron analysis. You can download a free leapfrog viewer to allow to look at the model.