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I think the next set of results come on the evening of the 21st of July. There's then 13 weeks to the next quarterly, which means, I think, that the interim exploration report will come on the evening of the 1st of September.
Anyone have different dates?
PFS on the 1st of September?
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Yesterday's satellite image still hasn't appeared.
Anyone got any more reliable sources than Sentinel Hub?
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Much better.
The important thing for me in today's interview was the move towards switching to the main market. That can't come soon enough.
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If anyone wants to check, the 8,500oz per metre figure is at 1hr 45m 20s in the youtube video of the presentations.
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I felt SD was trying to manage expectations. He talked about Sandeep saying the PFS would be in October and then seemed to have to force himself to say "or September." He also made the point several times that growing the resource will happen over years and after mining has begun.
The presentation was poor, SD is no good at PR, but you can't get away from the size of Havieron and judging by his last company SD must be alright with a calculator.
I suppose waiting is the thing to do.
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Shaun needs to do two things:
1. Sit on a higher chair so that he doesn't look like a child in a Zoom lesson.
2. Explain what his plan is, specifically what his plans for funding between now and Havieron entering production are and why he hasn't bought any shares in his own company.
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It's not the lack of RNS that's puzzling, it's that they seem to have cleared drill pads and then not drilled: we can see from the satellite that that's the case.
Maybe rough weather stopped their drill rigs.
Odd, though.
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I wonder why Rio haven't done anything with those pads they cleared W of Artemis.
No rigs available? Surely not.
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Today's radar shows drilling at Los Diablos.
There doesn't seem to be anything at Goliath any more. Nothing at Black Hills.
Haven't really looked at Hav: Thursday's daylight image still hasn't appeared.
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Thanks for the link, Chester.
It'll be interesting to see whether he's any more convincing. Fingers crossed!
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I forgot it, yes.
Havieron is the main event for me. I'll be happy when that's in production and financing our other explorations.
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I have revisited my reasons for holding GGP.
We have a huge find in Havieron: 4.2m oz Au eq inferred so far.
Even an idiot like me can read the Hav MRE and see that it'll be at least 12m oz in short order.
We have a highly motivated JV partner.
Sandeep had said it'll be mined: they're so sure that the mine at Hav is under construction.
There'll be a PFS for Hav in September.
We can see progress at Hav on the satellite and in the paperwork.
There's another prospect within the Hav tenement.
AISC for Hav will probably be low: the plant at Telfer and the high copper content helps there.
The price of gold will probably rise long term.
We have another JV being drilled now.
Gold has been found at Black Hills already: it's shallow and 5km from the Hav/Telfer road.
Scallywag is not dead yet.
There's the other tenements; Ernest Giles could be divested.
Newcrest have not ruined any ancient rock art.
We're in safe, mining-friendly Oz.
Risks?
Problems with the decline. It would be nice to have an update about progress.
Logistical problems between Hav and Telfer. It's not far by Australian standards, but isn't an easy trip.
Newcrest turn evil.
Shaun Day wastes the advantage Hav has brought us.
As for the decline, on the satellite it looks as though there's surface disturbance where the vent shaft will rise, and the WRL is relentlessly growing which suggests the decline is where it should be by this point. I think trucking the ore to Telfer will work: the satellite shows the road to be well established and trafficked - you can see two trucks on the last picture at least. I don't think Newcrest have time to risk delay by not keeping things straightforward.
I am worried about Shaun Day. He may well be working wonders behind the scenes, but he has not been a convincing communicator so far. Decline updates are an obvious way of drumming up interest.
I have been tempted to try selling to buy back lower, but I never time that sort of thing correctly, and so I shall be holding. I've done the research and I think we'll be very far above where we are in not too long.
Filter the trolls, do your own research, and hang on to your golden tickets.
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Totally agreed!
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Cannacord value 11m oz as worth £92/oz to us at an SP of 25p.
That seems a bit low to me.
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That's interesting, Bamps. Maybe they're just starting. There does seem to be something happening there. Exciting times!
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When we have a bigger MRE and some indication of what the AISC might be I think we'll be in for a sizable rise.
:)
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I think, Lenz, that the market is taking a very pessimistic view and that we are currently valued on an AISC of more than $900, a gold price of $1,800 and the MRE of 4.2m oz Au eq. I guess this is because we all got carried away when we went to 38p and now caution is carrying the day.
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In fact, Bamps, if you look at the last three satellite images and the last radar image you can see that the activity around the first vent location does appear to havs begun.
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If they're managing 4m a shift with 3 shifts a day they will already be past the position of the first vent.
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I think you're right.
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