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So the 300,000 ozs of gold plus copper they extract in the first year of reaching the ore body means nothing.

DORE123, several years to production???

You think they are digging that tunnel to take pictures of the rocks underground?

The Jumbo Machines used for tunneling can do a max 8m a shift, 24m a day. Be very interested to know how fast these guys are going at. AT 24m a day that is 5 months, earliest October.

TT

GGP Is but a flea on the back of an elephant. LSE, bond and currency markets, trillions of pound being traded. AIM no one cares about us that is why the share shoot up on news the drift away. We need to tell the institutions what a great investment we are. Until then the SP will bobble up and down.

Shaun said he will be over when lock down is over later this month. He will have lots of meetings explaining GGP.

Shaun said he will come to London when he is allowed. Talking end of this month. I guess he will be visiting pension funds, investment funds. These are the guys we need to grow the share.

Not sure..
Between October and March next year. Depending how fast they dig.

When we touch the ore body the share price is worth £1.
Revenue $300 million a year. 50% profit is $150 million. PE 20 gives a capitalization of $3billion.
From the PFS Newcrest can buy an additional 5%, could be a billion dollars.
Tasmania and Bromus sales could give us between $100 and $500 million dollars,
Moving from AIM to LSE allows more investment from pension funds. A very safe asset generating revenue for 30 odd years would be an ideal investment for these guys.
The PE of 20 is for both the security of the asset and the revenue it generates plus the other items that can be sold.
These alone can justify a capitalization of 4 billion and a share price of a £1.

Add the potential for growth with Scally, Juri, and other licenses. A company capable of partnering with other explorers. A company capable of funding its own mining operation. The potential for mergers and acquisitions means this company can grow even further.

They keep saying Hav is another Telfer. Telfer is 40mozs.

Bamps is the best for this stuff.

That's how I read it.
Good in the context of a gold mine means more gold. More gold could be in the context of that section of the ore body. May not be better than other grades we have seen.

When bulk mining starts annual production 500k - 700k ozs
These figures do not include copper, additional 20% of revenue.

When they reach the ore body they will start mining. They will be transporting 2 million tons of ore to Telfer annually. This ore is locally concentrated. So they will extracting over 2 millions tons of ore annually.

That is over 300koz of gold annually.

Watched the second video. He had total confidence in Havieron. He just needed the infill numbers so they could complete the PFS an FS.

Value of shares listed on the LSE is over a trilllion pounds. Lots of opportunities for large institutions, funds and investors in very safer companies with no risk. Today was all about the country unlocking. If you where a trader, fund, you where on the FTSE.

We have to be patient. It does mean bottom dwellers like us can find undervalued diamonds.

Institutional;investors are investors like everyone else. They tend to invest other peoples money are therefore very conservative. They need security, safety confidence as well as growth. They expect the people managing the company to follow regulations and have levels of transparency when it comes to issues. They bring with the large sums of money. You want a £1 a share you are only going to get it will these guys.

As for the company they add nothing, It is up to the managers to run the company.

Money

Tasmania has Firetower and Warrentinna.
Are they think of selling 1 or both of these site

Bynecut record is 750m for a month, that is 24 m a day. 8m a shift.
Checking out the Jumbo machine it is capable of drilling up to 42 x 4 meter blast holes an hour. 1/2 an hour for the blast, 2 1/2 hours to clear the mess before you start the next drilling. This machine is designed for a max of 8m a shift. Will we get news this month on the tunnels progress?

Next year we own 30% of a company mining over 300koz of gold. I have seen copper estimates of 20%. This seems far to high. That gives an annual income of $4 billion for copper alone.

This mine will be state of the art. The technology is moving forward very fast. AI has moved so the autonomous vehicles we be operating at a different level.
@Bamps have you got any idea how much ore Newcrest can extract through the decline?

For some strange reason we will not become a miner for a few years. A company with a JCB and truck in outer Mongolia is a miner. Us with a state of the art decline will not be a miner. When we reach the ore body and we start extracting gold we are mining. A million tons of ore at 5g a ton is 150koz per annum. That's slightly over 2500 tons a day. That is not far off 50% of Telfer production. If using the decline they can extract 8000 tons a day they will produce more gold than Telfer. About 3 millions tons a year. That is the difference in grades between Telfer and Havieron.

We start mining when we reach the ORE. WE are a producer when we reach the ORE. We are generating income when we reach the ORE. WE have 30% of all the gold extracted. This is all within a year, not 2 years.