Member Info for schlemiel

'The Pascalle tenement is situated roughly equidistant between Telfer and Havieron. The tenement is bound by regional faults to the NE and SW which are fed by granitic intrusions on the northern and southern edges of the property. Bedrock sits beneath 20-50m of cover limiting the application of traditional geochemical methods. The tenement was held by Newcrest Mining until 2017 and has been subject to only regional geological and geophysical study.'

'Paterson Province

Since the discovery of Telfer in 1972 exploration on the Paterson Province has focussed on identifying geochemical anomalies using grid pattern RAB drilling to sample the top few meters of bedrock. Recent exploration success at Havieron, identified through deep drilling on a discrete ‘Bullseye’ geophysical target, has demonstrated that sizeable discoveries can be made where there is little or no geochemical signature at surface.'

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD6w%2B9zhWZs%2BF9ke92GA%3D%3D

OM - That's a great find fella. Cheers

Just shot off an email to Salier asking if Sprott intend a follow up note to their initiation note of 2018

Will post if anything of substance

outside Bucks Palace -

https://www.newcrest.com/careers/current-opportunities?job=979133

Work type Permanent - Full Time
Location Melbourne Head Office - VIC
Applications close 19 Jun 2020

Principal Geotechnical Engineer

Overview

We are seeking a Principal Geotechnical Engineer to lead and coordinate all the Geotechnical activities associated with studies into bulk (caving) and selective underground mining projects. Providing leadership and professional guidance to the internal team members and other service providers, you will also ensure appropriate skill development to match solution requirements.

Responsible for all geotechnical activities associated with studies for underground mining projects, your duties will also include but not be limited to:

- Collection and analysis of geotechnical data;
- Rock Mass, caveability, and fragmentation assessments;
- Subsidence and flow modelling;
- Stability assessments;
- Ground support design;
- Cave and Mine Design parameters;
- Cave monitoring system design;
- Geotechnical risk analysis

cont....

AIM isn't the problem, it's the naivety and lack of due diligence of private investors who fail to assess and understand the risks of equity investing

Aston Martin floated at £18.50. It is now around 50p. That's not an AIM stock. ASC (was AIM) went from 2p to over £75+.

research, research and more research...

new - What's the betting we see these gas assets in the NT being developed and being underwritten by the Aussie taxpayer...though I am not sure how that would work. Morrison seems determined to provide State support to Beetaloo and other NT gas assets (pipelines, infrastructure, tax benefits, less restrictive legislation etc)

we await developments

'fully absorb'...

I'm looking to see if HCM buy back their hedge contract on Telfer production. I reckon that could be a sign they intend to buy Havieron in its entirety. That'll cost them but the dramatic fall in Telfer's AISC (if they do absorb fully Havieron) and a higher POG should in time cover the cost of that hedge contract covering

just musing

wow..surely news?

S25 - I may have been a tad reactionary fella. It's one of my most hideous faults. Apologies.

'Newcrest Mining has completed its share purchase plan to raise $200 million, following a $1 billion placement to institutional investors in April.

Newcrest chairman, Peter Hay, said the capital raising made sure that the company’s balance sheet remained strong.

The company initially intended to raise $100 million, but decided to increase this to $200 million due to strong support from shareholders.

and......

'Additionally, Newcrest intended to use the freshly raised fund towards construction of declines at the Havieron gold-copper project in Western Australia – where the company has 40 per cent interest – and developments at the Red Chris mine in Vancouver, Canada – where it has 70 per cent interest.'

https://www.australianmining.com.au/news/newcrest-to-raise-200m-after-billion-dollar-placement/

---

I wonder if the further raise will be used by NCM to buy the 5% (FMV) that the NCM-GGP JV allows...

I only said I had. I rarely filter people.

Yes, time to move on. GL

I'll give you that Mr Sm25. I've never been one to hide away from my contradictions. And anyway, it was a reference to Rule's predictions vis a vis the gold price not his stock-picking ability.

And by the way, I am not a twit I am a Tw*t

Sprott's aren't muppets...that's my view, for what it's worth

'i've'

I'm in 4 stocks. Listed by weight

GGP - gold/copper explorer
SEE - Driver Monitoring Systems
FOG - Gas explorer (Origin partnered in Northern Territory, Aus
SOLG - Gold/copper explorer in Ecuador

have made various adjustments in the last 6 months so 85% of all my capital is in GGP

I wonder why GGP's suddenly drawn the attention of Sprott and why Sprott's now packed their fund to 4.39% in such a short space of time? Solgold for example is sat around .05%. God, Sprott must think GGP is something quite special

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/eric-sprott-gold-silver-obvious-buys/

CB - Yes, just noticed that. What the hell has gone on there then? It surely cannot be GGP related