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Jerry, if they are ahead of schedule then just tell us the length of the tunnel. I do not listen to politicians as I do not know what the words they say actually mean what I think they mean. Just asking for a simple number.
Culpper, We can carry on digging until we run out of money. The longer it takes to dig the more money we need. If it takes too long they may need to raise additional funds. The cost of digging will also be used to estimates cost for future mining. So I find this metric very important. I do not like it being played with. Turning up at a bank with a paper plan to reach the ore body or a wheel barrow with a ton of ore. I know which is more likely to get a loan? 8th of March is the next update. That will be interesting.
Ahead of plan. Do not want to burst you bubble but at this level these guys are like politicians. Ahead of plan means what? The may be widening the tunnel. The widdening work is being done as digging the tunnel is going to slow. So they are ahead of plan, just not getting any closer to the ore body. Numbers speak. It is the only thing that means anything. Just a simple statement, we have a decline of x length. How hard is that? With all the Newmont stuff the closer Havieron is to a mine, even a Tier 2 mine, the better for us. You can sell a tier 2 mine for a lot of money.
The decline is so critical to Havieron becoming a mine. The greater the difficulty in reaching the gold. The longer it takes all gets put back into the risk cost for a future block mine. Means a future block mine may not go ahead because the cost of mining is to expensive. The closer we are to the ore body increases the likely hood of the mine going ahead. Touching the ore body I cannot imagine anyone stopping the mine from going ahead. If Newcrest sell Havieron then the closer to the ore body the more likely we will find a buyer. The more likely we will get finance for mining and not share dilution. If you cannot reach the ore body you will never get a mine.
MH01, Poopy, I am saying the statement they released means they have achieved over 10m a day since the previous statement released by GGP. That is exceptional yet their response is very muted for this achievement.
less than 20 days they have dug 200m. That is exceptional. I think GGP release a update soon. We will need clarity on this.
A few weeks back Shaun said the decline was 1500m, This was not strictly correct. It was 1300m with additional 200m of tunnel infrastructure, passing places etc. Newcrest are now saying it is 1500m. What does that actually mean. In a few weeks the actual decline has increased by 200m. 200m in a few weeks is an exceptional achievement. If that is the case by June the decline will be completed.
Not sure if we know how far the length of the tunnel is. It could still be 1300m with 200m of passing places. It means we have not moved on at all from the GGP figure in January.
Newcrest did not buy the 5%? Sandeep has gone, why?. Sandeep would have to go if Havieron fails. Ignore the bullying claims if Sandeep makes money he would never have gone.
Havieron may just not be big enough for Newcrest. Looking at Newcrest I think they are deluded, They are not that big a company. They are not Rio Tinto.
Cannot understand why we are selling this. It is a large area. It is in a well know gold producing area and has good drill results. Cover is a meter or so before we hit gold. They digger deeper on Australian Gold Hunters. The price,seems so cheap.
Firetower not that special. A few extra drills they could get a substantial MRE that will give them a good price if they sell it on?
From the GGP chat Shaun says that the decline is currently 1300 meters. I am guessing that 200 meters of passing bays have been created. Seems the decline is moving at 150 meters per month: Of course this work needs doing but I see no increase ion the declines rate of digging.
The extract from the 25/01/23 chat
So that is that is a focus for us. You know, we announced that we're over 1500 meters of decline advancement or sorry Decline development. I think people should understand that in terms of change that is actual decline development. It's probably closer to about 1300 meters with the delta there being in that stockpile development and passing bays. That's always been part of the plan.
Not sure if anyone has posted this. Zoltan Pozsar essay about the the Petroyuan. Essay discusses how China is setting up of currency swaps with Gulf States.
https://plus2.credit-suisse.com/shorturlpdf.html?v=5h1o-8SW-V&t=-6f9o9gxfcir9ldit6fbbldzzx
@Bamps readig the Carrapateena June 2022 Mineral Resources and Ore Reserves Statement: https://www.ozminerals.com/ArticleDocuments/435/221221%20OZL%20ASX%20Release%20Carrapateena%20MROR%20as%20at%2030%20June%202022.pdf.aspx?Embed=Y
The ore body is 500m below the surface. The AU grades are not as good as Havierron. I am correct? That means we have an ore body at the same depth as Havieron. An ore body with lower gold grades and they are mining it.
Lots of countries developing currency swaps. Lots of countries holding dollars and western currencies are worried. They could wake up tomorrow on a western sanctions list and lose all their reserves. Add the constant money printing in the US, UK and EU. Add funding for a war. West is run by fools.