Member Info for Redtrader

The article linked by dillon raises lots of questions. How much money do we have to spend on each tenement each year to keep the license? What is the total outgoing to keep each tenement.

Thanks Dillion. A start, still need to learn more.
There may be three stages in the development of a mine:

Exploration. The exploration licence/permit generally gives the holder a conditional right of access to land to carry out exploration activities and sampling for a specified range of minerals. The exploration licence also gives conditional access to the land for supporting activities, but does not give any mining rights.
Commonly throughout the States and Territory's legislation, exploration permits and licences require the holder to carry out specified works to a particular value each year and are subject to periodic (often yearly) area reductions.

Retention/mineral development licence. The purpose of the retention title is to allow the holder to undertake an evaluation of potential mining activities (such as an evaluation of the economic development of a particular mineral) or to postpone development until it is commercially viable. The majority of States and Territories have some form of retention title.

Mining lease. If a holder of an exploration (or retention licence) discovers commercially viable minerals, they can apply for a mining lease. A mining lease generally allows the holder to extract specified minerals and to sell or otherwise dispose of them.

Hoping for a briefer tome, maybe a paragraph TT.

Trying to get a better understanding the legal stuff around tenement and licenses. You get a tenement for a set period, depending on jurisdiction. After a set time you can lose your rights? What do you have to do to now keep that license so you can mine. What are the rules that allow an explorer keep the license so they can now mine. Looking at the Tasmanian prospects can we sell a license and make money. Will it expire unless we perform some specific task.

thanks Bamps.

Newcrest have stated they expect to extract 2MT through the decline. I am correct?

Put this is the Rockwater thread and also here. @Bamps can confirm 2MT from the decline?

I 100% accept that. Read that they expect to extract 2MT per annum from the decline. @5g/t that is 300Koz. It could be higher if they target the 11g grades, that is nearly 700Koz. So 2023/2024 statements for commercial production annoy me.

I 100% accept that. Read that they expect to extract 2MT per annum from the decline. @5g/t that is 300Koz. It could be higher if they target the 11g grades, that is nearly 700Koz. So 2023/2024 statements for commercial production annoy me.

Touching the top of the ore body in March next year. 120 meters so far? Now late 2023 for commercial production in a brokers note today. I do not believe that.

https://www.rockwater.com.au/portfolio/havieron/

May explain delays with the decline. Havieron is a lake during the rainy season,. I guess some activity around Havieron could be these guys. I guess they will be trying to route water pass Havieron.

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They start production when the reach the ore body. Commercial production is when you actually dig up some gold. The times on reaching the ore body seem to be slipping.

Income Statement 31 Dec '20 31 Dec '19 31 Dec '18 31 Dec '17 31 Dec '16
Revenue 852.30 4,369.70 4,119.10 1,147.00 797.80
Operating Profit / Loss (2,257.70) 724.70 492.90 165.00 112.80
Check the 18/19 incrase in propfit.

It is sorted, Inflation, prices are rising everywhere.

My estimate is based on yours and others. It is a rough estimate. The new results going deeper and wider and it is still open. It will be greater than 1 Billion tons.
We can say @ 20MT of ore extracted annually we are looking at 50 years worth of mining. I think Newcrest Tier 1 mine is 15 year? It is obviously more than 5 MOz, again another Newcrest Tier 1 mine yard stick. It is now becoming on par with Telfer.
20MT with an average grade of 1.6AU/T is a million ounces a year.

Looking from estimates on here and elsewhere 900MT.
That is prior to these results, it is obviously over a billion tons and still growing.

Tonnage is: 200x100x150x2.85 = 8.5MT
Tonnage now is: 600x200x443x2.85 = 151MT
Average
8.5 MT average AU @0.5g/T is 133Koz
151 MT average AU @0.5g/T is 2.3Moz

Other location they have drilled then moved on. Here the activity seems top be increasing. PFS and a new deposit would be a nice christmas present.

The amount of activity going on in the north,. Not sure of the area, Swan??? We know the CoreScan allows analysis of the cores on the day of extraction. Allowing Geologists to identify other potential drill holes daily. Hopefully this is a big find.

I personally believe that when the first human touches the ore body the shares will be worth a £1. Without anything else. IMHO.

looking at Goliath the came and went.
Saddle Reef they are very active and busy. I think it is Saddle Reef. I am guessing, would be surprised it did not allow it, you can create a model as you go. These scans can be transferred directly into a model. Allowing you to build the model as you drill.
The sheer amount of activity at this location is very interesting.

I check that page daily. It has not changed. You cannot work out from that how much we have advanced. I see Paddy had images a week back that indicated action around the vent area. So currenky we have no idea how far along the decline we are,