Member Info for strudel

Sorry folks - should've read more of the chain. Other geography has already been kiboshed.

Their valuation is therefore ludicrous when drilling hasn't happened.

I think sticking a ludicrously large figure onto our other holdings if they are under dusty red sand and not yet drilled to resemble a Swiss cheese in the Western Oz outback, totally undermines all of their valuation calculation.

Could it be they have assigned value to the Tasmanian projects..... And stuck a finger in the air for EG?

I've had another look at today's Scallywag image whilst whistling (sorry Jet) Oasis songs and reckon they now are doing a line south of the field camp a good kilometre and a half apart....

Wonder when they will have to move their new field camp cos it's too close to Scallywag discoveries - LOL. It looks pretty busy by the way in today's picture.

Down, down, deeper and down

https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-21.7223&lng=122.65159&themeId=DEFAULT-THEME&datasetId=S2L2A&fromTime=2020-10-12T00%3A00%3A00.000Z&toTime=2020-10-12T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e

Neighbours, everybody loves good neighbours...

https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-21.73062&lng=122.69053&themeId=DEFAULT-THEME&datasetId=S2L2A&fromTime=2020-10-12T00%3A00%3A00.000Z&toTime=2020-10-12T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e

And Scallywag.... Pls advise suitable lyrical reference I'm struggling

https://apps.sentinel-hub.com/eo-browser/?zoom=14&lat=-21.69818&lng=122.58536&themeId=DEFAULT-THEME&datasetId=S2L2A&fromTime=2020-10-12T00%3A00%3A00.000Z&toTime=2020-10-12T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e

Ah, two bits to click. Unable to master such complexity at half six in the morning.

Anyone over analysing "the AEM completed in the west" as signifying anything in particular, regarding Paterson perhaps? The juicy areas are on one side only perhaps....

Was it just me? I think the room got to see the big screen with the pretty pictures.... I just had 15mins of Callum in a suit.

Callum's slot at 1.40pm Monday Western Oz time is 6.40am UK time....

What are the chances of a 7am RNS on Monday the 12th?

I'll dream on..... And be patient.

Lenz
I'm sure the other mid range gold companies and majors are going to make sure NC do have to properly value any GGP discoveries by putting in bids. They will be pitched at a price that includes building a Telfer equivalent, the cost of a toll processing deal at Telfer, or shipping ore to a Telfer equivalent, for processing, which of course means they will bid less for the gold in the ground in order to still be profitable.

NC have the advantages of only needing to bid one dollar more than the next nearest bid, and they have the right of first refusal too on some of our tenements (but not all).

There is nothing to stop AN Other putting in a brave and generous JV offer early on for Scallywag and then negotiating a toll processing agreement with NC if subsequent drilling proves the resource is there. Newcrest will always make money crunching other people's ore and Telfer, as pointed out on here, has huge capacity that HAV will not fill on its own.

A major wouldn't be so bold to put in a speculative bid, they have shareholders to answer to who would ask why they bought a bit of dusty desert with a lump of worthless granite underneath it if it all went wrong. Someone with deep pockets and a risk taker may try and do an approach.

Either which way GGP shareholders benefit - unless Scallywag really is just a lump of granite and HAV a localised one off freak of nature.

Strudel theory ready for shooting down in flames:

There will be no RNS with Scallywag results until a good month after we have seen the drill crew move on to Paterson East.

Why?

We have a fully funded exploration programme. We do not have to go around knocking on doors of majors begging for a JV deal. Havieron puts us in the shop window with the world pressing their noses up against the glass.

Every drill hole at Scallywag we are currently drilling is going to be reported in one release. The world of gold is watching NC at HAV so if the Scallywag results are even reasonable (I'd prefer stonking of course but it could just be a lump of granite) then all sorts of companies will be trying to pitch their farm in deals to us.

Thoughts?

.....bring on the flames.

- and if his post doesn't trigger an instant RNS for GH & CB to prove me 100 wrong then nothing will.

Artemis did remark about the trouble of reaching some of their targets cos of all the sand dunes when they published the details. I guess going east is the easiest to reach, even if all GGP holders want the results from the holes proposed on our northern boundary.

HAV as busy as ever, our Nearology neighbours may also be on the ground due east of HAV?

Cos of this being a very speckled image and the fact I am using a smartphone I can't see if there is any much new activity in the bits of Scallywag that aren't just red dust. Looks like there's two bits of activity north west of the field camp.

https://apps.sentinel-hub.com/eo-browser/?zoom=14&lat=-21.70334&lng=122.5874&themeId=DEFAULT-THEME&datasetId=S1_AWS_IW_VVVH&fromTime=2020-10-04T00%3A00%3A00.000Z&toTime=2020-10-04T23%3A59%3A59.999Z&layerId=7_SAR-URBAN&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Ff2068f4f-3c75-42cf-84a1-42948340a846

*light

- you'll all have worked that out already

Whilst rummaging around the end of year radar images to try and align new tracks with radar lights north of HAV I have just discovered it looked like there may have been something happening at Scallywag on the 22nd Oct last year. There is a fairly solid signal right in the midst of our currently active drilling programme.

Do you thing GH and CB might've asked Newcrest just to do one quick core just to whet everyone's appetite late last year - activity in late Oct, could've been a little Christmas pressie for the BoD?

I have been comparing and contrasting the satellite image library. I wonder if our neighbours are finally trying to get to drill their first target locations?

There are tracks to the north of HAV seemingly ending - nowhere?

Also I have hauled out the 15th Nov radar image and the new tracks are not related to NC's previous activity / lights in the night on our tenement.

Two images here:

https://we.tl/t-96yCz5GZoT

I've also looked at the 22nd Oct radar north east of the HAV camp. It also does not match up to the other new road that is now half a kilometre north of the new camp area - this is the road that did the loop around the edge of the dune to get to Scallywag which now has a straight offshoot that ends in a dark patch about 1km north of the existing camp.

Thoughts...? Is this all just the neighbours trying to get to their own targets - or are we doing groundworks to drill a few far flung distant outer holes around HAV before committing to a decline.

There was a second bit of activity / "drill during the night" during October or November I think a few hundred metres north east ish of that location. There is a feature on the ground that looks like a black arrow head - it was south from there.

Still at work so can't give you coordinates just yet.

So they did two holes at that magnetic anomoly... Possibly?

Sorry to interrupt your pension discussions....

A close up of Scallywag drilling is here:

https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-21.69808&lng=122.58701&themeId=DEFAULT-THEME&datasetId=S1_AWS_IW_VVVH&fromTime=2020-09-22T00%3A00%3A00.000Z&toTime=2020-09-22T23%3A59%3A59.999Z&layerId=7_SAR-URBAN&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Ff2068f4f-3c75-42cf-84a1-42948340a846

Top left signal I believe is diamond drill, middle is the field camp and bottom right is RC drill. This is calculated using Strudel's Wild Theory on Echo Strengths. Which could be 100% wrong.

No signals to the extreme NW "on the road to Telfer"....

HAV has the usual busy cluster of signals that looks to be in /around known holes.

And our "nearology" neighbours don't seem to be doing anything on the ground yet.

We'll be rolling in marmalade shortly.

Thank whoever pointed it out yesterday, not me. Sorry can't recall who it was who needs the nod of thanks.
And the board descended into drivel mixed with nonsense yesterday so I ain't going to waste more time looking for the sensible poster(s).

@TtB,

I'm hoping that GH has a quiet word at some point soon with Newcrest and they put in a revised road plan, with a great big loop around all the new Scallywag drill locations. :-)

As it was pointed out yesterday, it is easier to build a road through a tenement you have a JV in or is owned by a friendly junior explorer who has a vested interest in the road going ahead. The proposed route stays on friendly ground.

@Paddy

Diamond core drilling must preserve a good amount of geological info in a fairly accessible handy form as compared to the bags of dirt/rocks from RC. We are due a radar update either very late today or tomorrow so it will be interesting to see if a rig is back at the extreme NW bend in the road. A tell-tale sump has, as yet, not appeared.

And with only two drills in use at Scallywag they may have to choose their moments carefully for going off to this area to do more work, and not interrupt what I would've thought is the main event of drilling a sequence of holes in the named targets.