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Next decline update should be 27/28 of October, NCM update? That will be 57/58 days. Jan 1st 2022 will be 120 days. The SP will start rising as we move closer to the ore body.

The biggest news in the RNS is the declines progress. Next update will be in October when NCM update us.

They will be mining that section in 10/15/20 years from now. Reaching the ore body is the big one. The faster the decline the more likely the PFS is a yes. A big positive,

In 40 days the decline has progressed by 196 meters. Nearly 5 meters a day. According to the histogram chart they are now doing over 2 meters a shift. I am assuming a shift is 8 hours. They could be doing around 8 meters a day.
The grades at depth are very good but they are so far out in the future I do not think they are adding much to the SP. The day we reach the ore body makes a big difference. I think the ore body is 2.4km. We have done 685m. Means we have 1715 meters left. Hitting ore body within a year, potentially as early as June. This is very good news.

I am reading it like that. You have to sit these guys in a room and ask 'Are we drilling and blasting? yes/no. This should mean a big increase in the declines progress. Still no actual distance but good news all the same.

Shaun says in one sentence 'the face is fully drill and blast'. Another sentence 'good to see full drill and blast'. The sentence is not saying ' we are drill and blasting' statement. I am reading this correctly they are now drill and blasting. I am reading the paragraphs looking for any get out words.

Why cannot he not say we are drilling and blasting?

Will Shaun tell us anything about the decline? This is the big issue. Words like progress, accelerating mean nothing if they do not release the actual figure. Progress can mean a single inch. Accelerating can mean an increase from 0.0001 to 0.0002.

https://twitter.com/MiningCatalyst/status/1562490754676625408

If you look at the world today many mines in the west are reaching their end of life. South America politics is affecting new and existing mines. Africa the security is making it impossible to invest in mines. In the west environmental regulations is making it impossible to open new mines. Add the need for lots of copper for the green transition then there is a need for lots of new mines. BHP, Rio need new mines. Looks like BHP is now looking for explorers to work with.

If BHP have this problem then they all have it.

Why?

After the 5%, I know Sandeep stated he got 70% for $60 million so 5% for $60 million is to pricey. This is CEO BS. The first $60 million was a gamble without fully knowing what was really there. Newcrest have a good idea of what the outstanding assays are. If these are outstanding and the potential for a 20 million ounce resource then $60 million seems cheap. I have checked the previous results which stated the decline at 277meters. The latest results do not state the decline. Sandeep says the decline is accelerating but that could be from 0.000001 to 0.00002. Again CEO BS. Without an actual figure for the decline we are in the dark. Is there something Newcrest is expecting? I am looking at the head grade at Telfer and other Newcrest mines. Telfer head grade is falling year on year. 2021, head grade gold 0.89 g/t, copper 0.11%. Latest results gold 0.64 g/t, copper 0.08%. The ore is mined within the Telfer area so transport will be cheaper. These low grades my be enough to pay the running costs to keep Telfer open waiting for Havieron. If they decide to stop Havieron then they will have to pay for closing Telfer and closing Havieron. This will be big costs. Do they have another option? What am I missing?

It does seem like GGP has mush confidense in this tenement?

Newcrest receives 25% interest in the Juri JV for entering into Stage 1 Commitment. Newcrest earns an additional 26% interest in the Juri JV when it incurs $3m and can proceed to Stage 2. Newcrest incurs an additional A$17m in expenditure in relation to the JV then Newcrest earns an additional 24% in the Juri Joint Venture. Newcrest for a total outlay $20 m gets 75% of Juri.
This does seem cheap. Having no HD05 drill results may explain it. Worried about inflation here as Newcrest have committed a a few million.

https://greatlandgold.com/projects/juri-joint-venture/

Tweet from Paddy:
There is an updated exploration report in the JORC section of the GGP website today. A few more intercepts.

https://twitter.com/paddygall1/status/1551973068024971265?cxt=HHwWgoDQyYvS24krAAAA

@Grayling is one of the many reasons why people voted for Brexit. Nowt but ignorance and arrogance from these fools. Not once did fools like this ever listen to the concerns of people who voted for Brexit.

Thank god everything in Europe is so good. To stop the Euro fragmenting they will increase interest rates and print money to buy Greek, Italian and Spanish debt. They will soon have to start buying French debt. They have numerous internal border issues with refugees crossing borders. Never mind the numerous security issues. They all have the issue of an aging population, like we do. They have an energy shortage that is totally self inflicted. EU wants a 15% cut in gas usages to help Germany. Many have said no. What a mess.

UK should withdraw from Nato. See no point going to fight for these nutters.

I agree.
Shaun has said he wants to offload the Tasmainian properties. A sale would be my preferred choice. Much needed funds for further exploration.

Newcrest Shareholders should be happy with Sandeep. His drive early on means Newcrest will have a 75% share in a 20moz+++ gold mine for around a billion dollars. They should look around and see how many mines are reaching their end of the life. Chile looking to Nationalize it mines. As inflation is causing governments to collapse. Many governments will look to easy solutions like nationalization. Inflation is increasing the price of building a new mines. Newcrest shareholders are blessed they have so much potential in the Patterson region.

Gooing forward Lots of large miners, RIO for example, will be putting extra effort in safe jurisdictions for new mines. GGP would be a good partner. Earnest and Giles JV with RIO, Glencore. These guys will be desparate for new mines in safe jurisdictions.

@Gratitude @ScipioAfricanus
Of course we will have to accept it. How many will sell 30p,40p,50p,60p,70p. Not saying they would do it or that they would win. For me, Newcrest have a short window to buy GGP. If GGP hit something big at Havieron or on another tenement then they may not be able to afford GGP. I am certain Newcrest are thinking hard about buying GGP. I believe that Shaun wants to turn GGP into a miner. I am confident he will not hand it over lightly.

You always find out in hindsight.

Cheaper to buy GGP than Havieron. To buy Havieron they will have to come to a deal with Shaun.I doubt he would let it go cheaply. Buying GGP is the easiest option.