Member Info for Stebol

Obviously just my opinion but there is no way on earth that the EWT will be a duster. They've drilled it, they have the logs, they know what's there. They are not going to spend all this time prepping and applying for EA variations on a long shot.
The wait is frustrating for sure but it won't be that much longer.
2nd half of the year is going to be very exciting

The MRE can't include Scallywag as we haven't drilled a thing there yet.

It will only include drilling up to where they decide they have enough for a maiden resource. It will grow over time and I'd expect an MRE2 before PFS. Then we have DFS to look forward to but whether we'll still be around is anyone's guess

Haveiron is worth, say, £5 Billion. 25% of that is £1.25 Billion. Newcrest will have spent $65M to get to 70% - if they take decide to take all of it at fair value then they will still have got a long term asset for a significant discount. I'm not saying Hav will be valued at that - it's far too soon to know.Could be more, could be less. But it does give an idea of how Newcrest can pretty much justify any price they ultimately pay - post PFS in my view.
All this talk of interest free loans from Newcrest is just a load of arse really - I know traders get bored and want to generate interest and discussion, but really, do get a grip.
We, a tiddly exploration company, are in a mutually beneficial JV with a major. It just so happens that said JV appears to have hit the motherlode. Happy days.
All we have to do is wait. It really is that simple.
Oh, and while you're reading this, we're still finding more gold.
Plenty more juicy targets too and it isn't going anywhere.
So much to look forward to. Very best of luck all

Good morning.
Just my tuppence worth on decline or not decline re mystery drilling.
Whilst I enjoy a good conspiracy theory as much as the next person, I'm pretty sure both SB and GH have stated that they hope to start the decline late 2020 or early 2021. At no time have either of them suggested they have begun work on the decline on the sly.
My guess for any 'unexplained' holes is that it will be related to PFS studies which are currently underway. These will include rock mechanics and metallurgical testwork among other things.
If it looks like a duck and quacks like a duck, it's probably not an aardvark.
I'm sure we'll be told as soon as they have the go ahead to start the decline

Morning panama. I would just take issue with the 'paltry offer' re the JV and your view that NC have done us over for a load of money.
You only need to look at our market cap since the JV to realise that it has been hugely beneficial to us all and in a very short period of time.
Sure, we could have proved it up further before any deal, but at what cost in terms of dilution? And how much longer would it have taken? No way we could have moved with the speed Newcrest have.
I thought the deal was excellent at the time and I still think so now. Yes, NC will get 70% for $65M but look at what we have got too. Hav getting bigger by the hour, value increasing by the hour; a processing plant down the road; increased interest and hence increased value for our other tenements in the area.
It's all perfectly bloody marvellous.

WF - MRE not required for the mining license application. They just need to demonstrate that there is a suitable resource. My guess is the drilling they have done will provide sufficient evidence.
I'd rather not have an early MRE - the more they can include the better for us

Of course, next news might not be Scally at all as I think they'll maybe wait until legal title is transferred back.

Maybe Newmont back in to drill the arse off EG?? Just a thought....

Probably not until PFS at the earliest. Happy to be wrong though as long as the price is right. As things stand, Newcrest will get 70% for $65M so their ROI will be rather impressive. No need to buy Hav at this stage

I've had a drink or two but;

What do you think Newcrest would pay now for this deposit, in this location, with these grades, still growing, if it was just GGP that had brought it to this point? I'm just trying to get my head around the size of this thing and form some sort of idea of value to GGP. My god, and we still have all those other targets!!

Never mind the grades, expansion of known mineralisation by 220m makes a huge huge difference to the size of the orebody.

Thanks to Paddysat, we strongly suspect its even bigger.

I would do a cartwheel but I don't want to end up in hospital.

More beer matron!

Only 6/7 weeks away!!!

I'm super happy that the MRE is not yet imminent and that Newcrest appear to want to define the limits of this monster first.

It demonstrates, for me, that they are not looking to 'short change' GGP. They clearly have a bargain already at $65M post PFS. For GGP, we have a major major drilling the arse out of Hav and bigging it up at every opportunity.

There's no games here that I can see.

Imagine this level of excitement every 6 weeks for the next year!!??

HAD066 220m step out.

82.1m @ 2.4
inc 1.5m @ 86g/t

I mean, wtf

Just superb, well done all those keeping the faith

So it would seem that they want to define the extent of the deposit pre MRE. That's bloody wonderful as far as I'm concerned.

Superb update - might as well finish this bottle now

109m @ 6.3

Well, bugger

dt
Thats bad. Thats really bad

Anyone interested in the result of Tilt Renewables special shareholder meeting?? No?? I thought not....

By email if you've registered with Newcrest or you can look on asx.com.au under announcements

Well, first of the days announcements are coming through on ASX.

Not really interested in Air New Zealand responding to media speculation but it's passing the time.

Time for a re-fill

For anyone interested, RedCloud are hosting a webinar on royalty companies and Trident are one of three companies featured.
16th June

Hi Chippy. I've just listened again to GH on BRR media re Scallywag. Like you, I don't believe anything here is under discussion just yet. Aside from the Covid delay, might it be possible they'll wait until 100% legal title over Scally is transferred back to GGP once the mining license is granted, before drilling? Just a thought.