Member Info for Scarabbeatle

People sell for different reasons, some lth are probably sitting on a 10000% profit at this level.
So it would be impossible to tell.

If GGP can get there own jorc compliate update MRE off existing known results. It would be a strong position to justify a fair valve for the 5% .

Good presentation, was watching for greatland. But this has come on my radar. Seems a good prospect.

I am glad SD took time and put GGP view on last nights NCM release. First time he has done that and shows he is looking after PI interests.
I believe the PI are a core strength to GGP negotiating position.
The gold is still in the ground. But how much is thr question.
Sit on them hands

The one stamped 16.25 looks a buy.

Hi Mm
I believe from the recent correspondance from newcrest they have mentioned on a few occasions the increase in the crescent zone. Going from 700m initially to over 950 meter deep (25-30%.) With suggestion of deeper intercepts. This doesn't consider the Eastern breccia (which should increase due to recent results) northern pod. Or nothing with north west trending corridor. At a minimum 50% increase. Being being optimistic anything 75-over 100% increase

Time to get going on a decline to the Eastern breccia

Braze

A by product if my job is scrap copper or brass. Pipe or fittings.
Today clean copper £6 per kilo
Painted or brass £5 per kilo
Brass 3.40 per kilo
This is more than what I was getting 2008/09
Simple economics supply and demand.
The demand for copper is increasing at a fast rate. Supply can't keep up.
There is a need for more. Anyone know any mines coming on line in the next 18 months

As Rich Ken used to say 10 by christmas.

Not bad figures for a starter mine.

This is just another stage I the JV agreement. Get this out of the way, get the markets reflecting the value here and hopefully reach the brokers price of 24p in the next month or so. Then maybe get bought out or have a 25% interest in the biggest gold discovery in Australia until they find the true extent of Havorian north and the mineral rich corridor.

Spades, of course in a ideal world 500 million would be nailed on.
Mentioned 150/200 million as any valuation given at this point will make the markets become aware of the true value of this deposit. And underpin ggps further 25% interest as a future money making machine which will be the envy of many other developers.

Before the last MRE was released figures of 10/15 million oz were flying around this bb, people got carried away. The last figure was 4.2 m oz eq. Now ncm have completed all infill drilling for the SE crescent. I will be happy with over 10m oz and a 150/ 200m valuation for the 5 %

Maybe the 5 year decline was referring to the bottom of the ore body, which as yet hasn't been found as of yet?

Infill drilling now completed within the South East Crescent Zone Inferred Mineral Resource supports the modelled grade and thickness:
Converting the inferred to indicated should strengthen the SP.
SE crescent has increase by at least 25% since the pfs, to 900m
The latest drill results going down 1400/1500 meters picking up high levels. With 400m cover that is at least 1000m for the SE crescent. Almost 50% bigger .

IMO What are newcrest waiting for, they need to get a decline going for the Eastern breccia. They can get the high grade from both mines at the same time.
Outstanding results again. Let's hope the markets finally see what is Down there and shaft these shorter.

3.9 meters of it. That is a big nugget

Finish 13.1 on google

So you value haviron around the 3.5 billion mark,
And ggp stake @25% 875 million ish
That seems a good start.