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Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Yes mine is too!!
Is this not just a simple case of the markets overall slipping coupled with no short term excitement regards GGP? The SP is only driven up by demand and as such there is low demand across the board on a whole at present. I don't feel the current dip has any bearing on the future / current potential of GGP.
On a selfish note I had buy limit set which has now been triggered so in a sort of sick way I am happy to have seen the dip.
It may be due to HL still showing price at 21.4.
However anyone using HL shoudl know of late their SP's have been horrific at updating of late.
I started watching this share in my watch list some time before I took the plunge to invest, i'm delighted with my real gains and even more delighted to think there are others who were invested even before I started watching this company. Yes of course if only i'd pulled the trigger a bit quicker but hey ho, no need to be too greedy!!
Well done all who are sitting on substantial gains just now. I am genuinely delighted for you all!
I'm no expert but this is likely convertible bonds being converted to shares?
I'm in full agreement with Longtermview24 - All I want out of this debacle at present is the ability to retain my shares in the project and have the opportunity to build up a further holding. I understand that puts the real gains somewhat many years further down the line however I was always in for the long haul. Yes probably overexposed in this share however I still believe that based on the information that has been provided / available to PI's 2030 was always going to be my target for this one.
All, I know this is a little urban mythology related but there appears to be quite a few single share purchases this afternoon? I'm guessing it's no one on a trading platform as the trading fee would outweigh the purchase?
Guys, don't let your minds run wild. I'm pretty certain that all Fund Managers are subscribed to the SM announcements, as we all can be by simply registering on the SM page. I would hazzard a guess that they were all expecting this. Hang on to your hats, the ride's about to get bumpy (I think). The closer we get to the actual vote I imagine we will start to see cards being played and the realisation of investors positions.
As previously posted on this site there is interesting opposition from Jupiter however Polygon's reason for increasing is yet to be understood. I sincerely hope for all of our sake that us PI's can benefit from their game plan.
I do understand that but surely the profit based on .2 or .3 per share is only worth risking on a large investment. Some of the buys are for not very large volumes thus the trading cost would outdo any potential return?
I guess I'm trying to understand what level of sentiment there is towards the 5.5 not being the final outcome.
Am I being really stupid here or can someone explain to me why this stock is still being purchased at circa 5.45?? Is it just wing and a prayer betting / gambling on the extreme off chance of a better price being achieved?