The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I suppose it means the edge of Havieron has been found.
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Berenberg's guess of 16m oz would put us at £0.64 using the old £0.04 per m oz yardstick.
I don't think we'll see that until 2024 though.
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In my opinion the housing market is already collapsing. Within a radius of ten miles of me two years ago there were typically 1,850 houses for sale an any particular day. Now it's below 800. Prices are high for now, but that won't continue.
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I don't think the features on the N side of the road are drill sites. I think they are where the grader has been turned out of the road to get rid of excess material or to provide drainage. If you look along the Punmu Access Road you'll see similar features.
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Also, using my previously guessed figures the 6.5 m oz Au eq would value the 5% at £191,373,000. That doesn't take into account the obvious potential for growth. Shall we say £300,000,000, Sandeep?
That would give us a share price based on the 25% of about £0.35.
All good fun guessing.
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I wonder if a move from AIM to the main market might be on the cards. I hope so.
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"Appeared to go rogue."
Excellent. That made me smile.
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If we use the figures per oz Au from the Regis / Tropicana and Newcrest / Pretium deals, the average of which was £0.042, that should put us at £0.273 now.
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Well, if there is no time limit on the negotiation procedure for the 5% I think we might have a long wait. I don't think that's necessarily a problem.
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Did I imagine that there is a year from the start of the negotiations for them to be concluded? If SD is implying that there's not going to be an updated MRE before DFS and that negotiation is impossible without that MRE, what then, do we think? If Newcrest mess it up and run out of time and leave us with 30%, that looks like a good outcome for us to me. I wonder if that is the outcome SD is looking at. That fundraise looks like a good strategic move now.
Apologies if I've got the time limit bit wrong. Busy!
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"I will avoid in the future," you say.
Excellent. If you have nothing useful to say I will welcome your saying of nothing.
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FIAT is Fabbrica Italiana Automobili di Torino, a vehicle manufacturer.
You mean "fiat." This confusion is typical of people who don't understand what they're writing about.
I am sure you mean well and I don't mean to pick on you: I'm afraid your repetition of this mistake was just one too many for me.
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I can't take anyone who confuses fiat with FIAT remotely seriously. It's such a basic error.
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It's because some of the reserve has changed from inferred to indicated. The inferred part has not been added to because the drilling has concentrated on infill work to move that part of the reserve from inferred to indicated. As the step outs continue we will add more inferred, which will in turn become indicated.
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The corridor is granted for at least 21 years.
This is going to be a big mine.
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It's on WA's Department of Mines and Petroleum Geoview interactive map. It's a very interesting and useful tool.
https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW
The road & infrastructure corridor between Telfer and Havieron changed from pending to live today. Keep your eyes on the satellite: they won't waste time improving that link.
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I like Mickey's guesses best.
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The Regis / Tropicana and the Pretium deals averaged out at 4.2p per m oz by my guess.
20 x 4.2 is...
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"Drill testing of new geophysical targets 2km outside of the Havieron system has commenced."
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