Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
The other major difference between Falcon and Tamboran is that we've never needed to 'promote' the company.
Tamboran need funds, we don't because we're carried - it's as simple as that.
POQ has always said he will sell once the terms of the jv with Origin have been fulfilled. If he were looking to raise capital for any reason then I'm quite sure we'd do a 'Tamboran.'
Whilst the current share price may be frustrating for shareholders it won't affect the final sale price. Every acre of our Beetaloo will be worth the same, if not more, than Tamboran's acres.
On that basis alone, Falcon is a steal (if you're a believer, which I most certainly am).
I'm slightly puzzled by the need to raise funds to 'accelerate' Hav development.
SD recently said we were fully funded to BFS and would then need to raise our share of Capex late next year.
What has changed?? I'd like to think this has more to do with Scally drilling then anything Hav related.
Guess we'll find out in due course.
I think we can also assume that NC will not be looking to take the additional 5% early doors.
All good fun
This from the Essar website.
'As a part of the minimum work commitment, EEPLN has executed 3D Seismic API (acquisition, processing and interpretation) over 568 sq km. Wells drilled by previous operators had earlier unearthed four hydrocarbon discoveries in OPL-226. Essar plans to carry out further exploration of the block to expedite its development.
The notional development plan for one of the prospects include drilling of exploration wells followed by 18 development wells is currently being worked upon.'
Not sure if it's changed recently but looks nice anyhow
The presentation suggests we're currently valued at $100 per acre (at 7.5p) for our share (1 million net acres).
I'm sure a case could be made for a great many possible valuations, depending on assumptions used.
A starting point might be the $1000 per acre quoted which would suggest 75p if you class our total acreage as exploration. The difficulty is that we're not exploring the total acreage and in some areas we're clearly in the appraisal stage, where a higher valuation may be appropriate.
As newtofo has said, results from the Santos / Tamboran horizontals are key as if positive then they potentially upgrade our holdings.
It's complicated but I'm happy to believe we're very undervalued until proven otherwise.
New album, Side B, Track 2 - seems appropriate for LSE
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.
Back in April last year we gave up an additional 7.5% of our interest for A$150M.
You could argue that Origin valued our remaining 22.5% at A$450M.
Since then, as newtofo says, we have much improved indications from Amungee H1; we have also proved liquids rich gas at Kyalla (although we can't get it out yet), and have drilled Velkerri and await results from the vertical frack test.
If, and I know it's still an 'if', the beetaloo proves commercial, then the value of our 22.5% will increase by far more than it's value back in April last year.
Ultimately, it's gonna be worth whatever someone wants to pay for a nice slice of the Beetaloo pie. One things for sure, there will be a queue of interested majors - the more the merrier
I have a question for the 'brains' on the board.
MRE from 10th Dec included drilling to 26th Oct 2020
PFS cut-off was 31st March 2021
I realise that the inferred resource will likely now be indicated as plenty of infill drilling has been done.
Is it likely that any additional oz's will be included in the PFS, bearing in mind the cut-off was 5 months after the MRE cut-off.
I realise we'll find out soon enough - just wondering aloud!