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Pollution!
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Quote :
Along similar lines, something that many GGP investors have either forgotten, or don't even know, is that, under the purchase agreement between Pacific Trends Resources and Greatland Pty Ltd./Greatland Gold PLC back in 2016, in the event that Havieron is the subject of a completed bankable feasibility study and Greatland Gold makes a decision to mine, Greatland Gold PLC must issue an additional 145,530,000 fully paid ordinary shares in Greatland Gold PLC to Pacific Trends Resources.
What does this mean in stupid person terms Ghandi ??
Interesting article in the AFR today about solgold, anyone read it? I have screenshotted it if anyone interested that can’t get passed the payment ask
Myself and another investor also made a telegram chat page if anyone fancies discussing where people think this is going in future,
https://t.me/solgold
I’m new to this and I am invested heavily (for my available funds anyway) so please be gentle, I don’t mean to ramp/de-ramp
Don’t know whether I’m looking for reassurance or just a different opinion on the Webinar,
It’s seemed to me like NM suggested that there are loads of financiers available but they aren’t willing to push the button until Ecuador sort out the permit situation? And that Ecuador are reluctant to sort out the permit situation as it is very political there currently due to elections next year,
In your view does this mean we are looking until after the elections before we see this push much further than where we are?
Happy for it to be a LTH as the other investments in my portfolio are, but wanted to gauge opinion of everyone far more knowledgable than myself