The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Currently have 965000. Sold 400k at 36p , more by luck (necessity) than judgement . Currently on a free ride and I will look to top up to 1 million when I receive my pension lump sum in July.
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
It will be interesting to see where the drills move to once the infill drilling for the MRE has been completed, especially now that we are also open to the east . It seems ages ago that we were waiting for the regular Paddysat updates to see where the footprint had extended to in the NW . I thought we were still open in that direction and if so hope that at least some of the drilling rigs return there soon , as well as probing further in the east. It was always a great source of excitement to see the area visibly expanding and then waiting for official confirmation from Newcrest in the next update.
Like you Mushroom I find myself constantly monitoring the share price from 8 am onwards, even though it is a fairly pointless exercise considering that I am in here now for the long term. I am relatively new to GG , conducting my own research and then having had the benefit of a detailed and informative conversation with one of the more respected board members here. What started out as a small speculative investment however quickly turned into an addiction as I started to pass the monotonous boredom of lockdown by reviewing every post on here followed by another share price refresh ! All a bit sad I know , but at least it has given me something to focus on during these past few weeks . Anyway , like any addiction I have now spent far too much money investing in GG , but I really don’t care . These are strange , unprecedented times and it is a (calculated ) risk that i feel more than comfortable with .
Anyway I have a couple of questions ( probably stupid) . Firstly ,how long approximately does each test drill sample take ?
Secondly, when we get the green light for Scally , how many drill rigs with GG have at their disposal for test drilling ?
Regards
Seagull 1