Member Info for Redtrader

Shaun expects first ore to be early 2024. From August 22, to June 2024, that is roughly 20 months. The distance is 2.4km. Bynecut will need to dig a 110m a month to reach this target. I expect the decline to be over 500 meters this month.

Explains it.

Found the tweet. I was surprised to see this tweet and It could be a mistake. I will try and listen to the video later to see if Shaun says 2023.

https://mobile.twitter.com/LeggattDonald/status/1547856622902358017

A recent tweet or post said Shaun expected to reach first ore in early 2023. Not sure if this is fiscal or actual year. Actual year we will be touching the ore body within a year. Lets say 12 months. That implies 2.4 Kilometer tunnel will be completed in a year. A rate of 240m per month. Have I got this wrong. Is 2023 Fiscal year and could be 2024?

21st of July I think. Need some good news.

Don't waste your time. If they actually answered any of the questions it would be called answer time.

Governments are now stopping QE and starting QT. US, Europe and here are all trying to stop inflation. The effect is showing up with commodities, copper, gold. FTSE, stocks. It could be the start of a period of stagflation. Stop QE and increase interest rates slowing down economy. To much we head into a recession. Governments then drop interest rates and start up QE restarting inflation. Repeat and up and down the economy goes. Watching what the governments do is key.

Labour government with the only tool it has being taxes. That will teach the city of London and all the remainers in the Tory party. All good for gold.

Maybe not Putin, China maybe invades Taiwan. There is always a risk.

Getting to the ore body ASAP will have a massive effect on the SP.

Simple calc: 20moz means the total value of the resource is $36 billion, gold @1800. Add 20% for copper that gives us a resource of $40 billion. This means GGP 25% is worth $10 billion. Sets cost and ASIC at %50 then Havieron is worth $5 billion. All very rough calculations but it underlines that GGP is worth more than 20p a share. Need tp see how far along the decline we have gone. When will the next update for the decline be.

Could mean that GGP will not be involved with Havieron. Only way that could happen is that Newcrest buys Havieron or us.

Not impressed with the current SP. The fact NCM is digging 24/7 gives me confidence I will get back what I paid back. So being patient makes sense. Reading others takes on economics, I have now started following many on line all connected with a macro economic view.

For a simple conceptual economic model try Ray Dalio:
https://www.youtube.com/watch?v=PHe0bXAIuk0

As for the current situation, as governments try to fight inflation they will increase interest rates, This slows the economy. This should have a negative affect on commodities. You can see why shorters are shorting commodities, including us.

Idea of what may be happening read this guys thread,

https://twitter.com/MacroAlf/status/1539655411737194497

So much to learn and so much out there.

Havieron is open at depth.

We do need the decline to speed up.

inclining southwards.

This means it is rising?

The drill looks like it is between the deeps and Eastern Breccia. Suggesting that these 2 zones are linked. The image shows little drilling between these 2 zones. These 2 zones are linked that is a big volume,

Looking at Paddies tweet:
https://twitter.com/paddygall1/status/1521442356343586816/photo/1
It probably has been stated before but I am bored on this board so will restate what maybe obvious.
HAD029 seems to pass between the Crescent Deeps and Eastern Breccia. This suggest that these 2 sections are linked. HAD093 and HAD101 show a link between the Northern Breccia and Eastern Breccia. All this is seriously increasing ore volumes.

We just need the decline to speed up.

Until a firm date for mining is on the horizon the share price will just bobble. A new find would help. The institutions will not put in big money for it just to sit doing nothing. They would rather their money sat in a their bank account doing nothing than buying a share doing nothing.
The lassonde curve is a generalization.

Naylor maybe.

Personally It is drifting downwards following the lassonde curve. After peaking it has drifted downwards. No real buying pressure. Personally we have bottomed. It could get lower depending on economic factors. For me I should have invested now. For an investment strategy trying to find miners at the bottom of the lassonde curve is a good investment idea. You can see the gold and the investment to extract it. It is just waiting for the big money to start investing.

CostaMoney.
The amount the institutions have invested is small change. A few early day explorer and high risk mining funds. The big money will come when they see a company that can deliver growth and income. IMHO, that will happen when they see gold production is close. A year maybe, my guess. The experts in the institutions that manage the exploration, mining funds, will tell these companies when they should increase their investments. Until they put their money in the SP price will not rise. They have no need to rush when it will be their money that sets the SP.

A major new find could cause a jump. The decline increasing giving an accurate date for reaching the ore body will increase the SP. Other than that we will drift.