Member Info for Redtrader

It just winds me up. Keen to see what F L I N N.

Lets see what F L I N N find. They may be small tenements but firming up the Tasmanian MRE was such a cheap and simple project. A MRE of 100kozs would pay for the MRE. Both sites had gold, in the middle of gold fields. 500koz find could be sold for a $100 million. The money could have spring boarded GGP. Bad decision.

Https://twitter.com/LynAldenContact/status/1719077302858903697

The US economy is 30 odd trillion. That equates to roughly 10% of its gdp. Which very roughly means approx 10% inflation. Sadly this stupidity is good for gold,

Bamps,

Strange, remember you bigging up these prospects. Was that ramping then?

Lets see how much gold.

@Bamps you know both these tenements are very good prospects. We know both have gold the only issue is how much. A good MRE can be sold.

Bamps, you keep saying that. It will be easeir than Havieron. Who said mine it, With a firmed up MRE we could sell it to Fl I NN for 50 million.

If they find a million ozs how much do we get?

And Shaun gave it away, Madness. So quick and cheap to survey, It could have been completed by now.

If we had found the 500koz we would have a 1 billion dollar mine. If they find 500koz what do we get?

TT@

We are suppose to do the exploring. If it has 500kozs that is GGP funded with no need for borrowing, If it has 100kozs that is more than enough to pay the exploration costs. You can sell a 100koz MRE for a few million. These tenenments have very good gold samples. They have very good history of gold found in the area, including gold found on both tenements. We shall see what F L I N N find.

Tasmania may be small but is very likely to have gold. It is shallow, easy to access, cheap to survey. The few million to survey could be funded by a small find of a 100kozs of gold. If it has 500kozs of gold it could fund the entire Havieron project. This is one of the dumbest decisions that GGP have done. We are suppose to be an exploration company. If F L I N N find 500koz Shaun should step down.

For a lower Tier miner like Wyloo it could be a good deal. They may be able to extract gold at a much lower cost than Newmount.

I do. I do not believe anyone will pay 100s of millions for Telfer like Charles think. Acechaser how much money is Telfer making?

Charles is not very smart. The price for Havieron and Telfer is what someone is willing to pay for it. Who would pay 100s of millions for Telfer plus the cost of closing it down. Maybe a dollar to take it off Newmounts hands as long as the new buyer pays to clean up the site when it shuts.

For me gold is like Nuclear weapons. It is there for those times when it all goes pear shaped. WW3 for instance.. A time when paper money is worthless. It sits there waiting for that day. In those times it is life and death. Sadly this country and the west is ruled by fools.

What do Wyloo actually get. We have 30% of Havieron, Newmount 70%. Wyloo have 20% of us. Not sure I understand the Wyloo angle. They therefore get 20% of 30%?

True, One asuumption is that Flinn will find a decent amount of gold. Looking at the samples, the area, the history I think they have a very good chance of finding gold.

Tasmania Flinn are starting to see what they have. It has a very high probability of gold. Shaun, dismissed this as being 2 small. It is shallow, allmost at the surface. Being shallow it can be explored quickly and cheaply. A MRE with 100kozs is $200 milliion AUS. With a MRE we could sell It for many millions to Flinn or an other local miner. This could pay for all the digging at Havieron. This is a bad decsion for us. For Flinn it is good business, Lets see what happens.

We have an agreement we Newcrest, which I see no reason Newmount would no honour. This agreement is to dig the decline. Does anyone know when this current phase completes?

If Newmount divest. Then why would someone buy Telfer to process our gold.