Member Info for schlemiel

'they've hit the boundary of another operator's'

I wonder if when NCM states that Havieron is closed off in certain directions that what they really mean is that they've the boundary of another operators tenement? Yes, we all know what 'closed off' means but this is the corporate world and valuable assets are at stake so I'm wondering if corporates are capable of spinning news somewhat to protect their interests?

An excellent schematic on pg 6 of Havieron in relation to Artemis's tenements

'Geochemical orientation samples for both MMI and Ionic LeachTM have been received from the respective assay laboratories. Ionic LeachTM has been selected as the preferred assay technique.

? 457 samples were taken to the north of Havieron before the geochemistry program was interrupted by wet weather, and these samples are now being processed at ALS Global using Ionic LeachTM assaying technique.

? Further geochemistry to be considered once the 457 samples have been assayed and the results interrogated. Geochemistry has been used successfully at Havieron and regionally and helped identify the area being drilled by Newcrest and Greatland Gold.'

'Detailed geophysics and structural interpretation commenced including geophysical data reprocessing by industry experts Resource Potentials. Detailed plans for 6-8 hole maiden drill programme across numerous targets on the Paterson Central licence near completion and will be released to the market soon.'

'Post-period drill contract signed with DDH1 for Paterson Central with drilling forecast to commence in August'

https://www.asx.com.au/asxpdf/20200731/pdf/44l1w3yr3hxg63.pdf

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD6we%2BzhGZoeVvke92GA%3D%3D

https://www.newcrest.com/careers/current-opportunities?job=979235

Reporting into the Head of Business Development, the primary purpose of this role is to assist with the identification, analysis, and execution of Merger, Acquisition and Divestment activities for Newcrest Mining Limited.

As a key member of the Business Development Team, responsible for contributing to company performance, you will bring to life Newcrest’s corporate strategy, working closely with our exploration teams and other internal functions including legal, tax, accounting & finance.

You will be responsible for identifying exciting M&A and divestment opportunities, preparing business cases and ensuring you are maintaining an active and strong pipeline of potential and upcoming ventures. Additionally, you will lead the M&A and divestment analysis, including undertaking financial evaluations, safeguarding alignment with corporate and growth strategy as well as key analysis of risks associated, to facilitate decision making.

No update of Beetaloo drilling plans....the wait goes on

https://www.asx.com.au/asxpdf/20200731/pdf/44l11qqzv08m7j.pdf

Encounter Resources reports on Paterson activities

https://www.asx.com.au/asxpdf/20200731/pdf/44l0xm4j9c52ky.pdf

from Berenberg?

14 May 2020

Greatland Gold valued at 12.9p by Hannam & Partners, based on a US$1.67bn valuation for Havieron

Newcrest has thus far conducted a significant amount of drilling on Havieron

But just how big could it be?

“Whilst at this stage there is no JORC resource at Havieron” says Hannam, “using the previously released drill results, we have estimated a mineral inventory in the high-grade sulphide zone of 4.4mln ounces grading 6.7 grams per tonne and 130,000 tonnes at 0.6% copper. We model a 12-year, two million tonnes per year operation, with mining commencing in H2 2022 and ore being treated the Telfer mill. Our annual steady state production estimate is 330,000 ounces per year of gold and 9,300 tonnes per year of copper at an all-in sustaining cost of US$444 per ounce.”

Of the US$1.67bn valuation, Hannam attributes US$540.8mln to Greatland.

“We estimate a total capital cost for Havieron of US$158mln with US$34ln to be borne by Greatland, less than 10% of Greatland’s market cap. We believe this makes the Company a unique investment proposition versus peers due to its low capital cost requirements for such significant and high-margin production with low funding risk. In addition, having a high-quality partner like Newcrest constructing and operating Havieron significantly reduces execution risk, in our view, versus a scenario in which a junior has control of the project.”

-

This doesn't include the Breccia discovery and future drilling success assuming of course that success is upheld

CB -

Hindsight analysis offers little value

same here -

Purchase complete
Greatland Gold
Order ref: 114402890
Deal type At best
Quantity 60,000
Buy price 13.0000p
Commission £7.50
Total £7,807.50

tom - pedant

https://themarketherald.com.au/avira-resources-asxavw-advances-paterson-province-projects-over-june-quarter-2020-07-30/

the feckers are gonna drag us into the 12's

I know we've got a weighty seller, that much is obvious

Hannam though does have a wheeler dealer reputation..more a maker of deals than a pure-bred investment broker/analyst