Member Info for strudel

@merc,
The equation was always about 1p on our share price for every million ounces. Anything more than that is a bonus. PoG of $1,200 and choose your own pound / US dollar exchange rate around about 1.25.

I read something or other about 400,000 ounces - but thought it may have been an annual production figure from FdelN.....

Has anyone worked out how much Newcrest are paying for FDelN on a dollar per Oz basis? Or is the whole thing complex due to current investment by NC and on-going exploration?

I would love to tackle the arithmetic but I'm busy at work till 5pm.

Honest.

If they are core drilling the newer SW holes from 400m to 1,000 or 1,200m or deeper then I'm guessing that takes twice as long. Hence fewer new results. They may also have the "wrong mix" of RC and core drill capacity. They may have thought in January they would be blitzing through 400m of cover in multiple locations and doing the more delicate 600m of core drilling at each location and tooled up accordingly. Now they are spending longer at new holes doing a lot more cores.

I'd hoped the cv19 shutdown was going to help us - thinking we'd be the only folks sending cores for independent analysis to the labs. I guess they already had a six week backlog and probably had fewer staff / less throughput with virus precautions in place.

They didn't halt when buying Red Chris - bit they only bought 70% of it. Can't think they would hear for buying a minnow like GGP..... Unless we are actually a mammoth?

How about a trading halt cos Rio is buying them, NCM? That was Deutsche Bank's dream scenario from a long time ago that they couldn't persuade the directors to go for....

Did they halt when buying Red Chris?
Any ideas?

LOL - who predicted a trading halt for our farm-in partners? This is akin to a cloudy satellite picture.

I'm off to hit the hay.

@Scott_C,
Ah Tipping Point....
Best TV ever combining tactics, competition, general knowledge, gambling, physics, greed and luck - what's not to like?

I have a lucky kettle. Good things happen when I go off to make a cup of tea rather than click "Accept Quote".....

I think a lot of Thursday disappointment will be on show on this board. Two reasons - some will not understand why the satellite shows lots of new holes yet the update will report on very few (look at mid-March images to see how many/few new holes there were); and secondly some folks on here seem to struggle to read core drill depths, percentage intercepts and metre lengths, or grasp their significance and are recently on here just to day trade the latest *hot" share.

Patience for the LTH. I'm likely to miss it all due to a month end snarl up with my data allowance. This could be it from me till I get to dust myself off in early May, unless I manage to speak to a human behind three layers of chat bots and a contact centre with no staff.

Wonder how much track it turns out we are short of?
It would be nice to think everything is going to go swimmingly at BP.... But -

Sigh..,

@PG et al,

The flattened out areas both ends of the dune bridge in the south west ? I presumed they were "passing places". Lets them park any equipment they are moving out of the way whilst any traffic gets across the dune bridge.

Is my Highland heritage showing through? Every single track bridge over the smallest of burns and largest of rivers has a passing place at either end.

1million ounces = 1p SP
Anything above 1p is a bonus

@T-man,
What to do with the satellite knowledge?

I heard on an oil-y BB that you can tell how much oil is in the storage tanks at the major oil port and storage facilities using imagery from one of the satellites. Mainly handy for West Texas Intermediate.....
Add the ShipAIS tanker tracking for Brent that is on the high seas in tankers.

And hey presto, with one eye on the current surplus compared to more "normal" levels of old, we could all move to speculate in oil shares by working out when storage has max'd out and when the glut starts to diminish.

Easy answer:
Go to bed at night.
If you can't get to sleep cos you worry you don't know how you are going to pay the bills/mortgage that are due in the morning - sell enough to pay the bills.
Go to sleep soundly.
If you wake in the middle of the night worrying about your holdings of any share(s) sell a chunk. Start with a relatively small chunk - say 10%.
See if you sleep soundly the following night - if not sell another 10%.
Repeat until you sleep the whole way through the night uninterrupted by worries. You have now reached your perfect level of share holdings v cash in bank.

Note - for some step one may mean the stock market is not for them at this particular moment in their lives.

I have opened a whole series of buy limits based on the assumption there will be a flood of selling on the morning of the 30th when the "results" are a bunch of drill core analysis up to the mid-March holes and not a mention of how many millions of ounces we may or may not have. A lot of folks on here are going to be gutted thinking it ain't all happening quick enough.

We'll be lucky if any words are even used to describe what is happening beyond the dunes....

Patience required.....

How many holes did we have in the "over bridge south of the dunes" cluster. (I don't Twitter so can't check back through PG's fine work). Was it three?

I think there is a fourth hole in this cluster plus, if you follow the line of the dune to the north west about another 300m, I think there is another cluster of at least four holes south of the dune line, running roughly from the north-east to the south-west.

Apologies if the rest of you guys have been aware of all eight holes for weeks..... Maybe I should only look at images on a full sized laptop screen.

Nocturnal & daylight images are in....
Scroll back....been a busy board this morning.

PG, "the two lights up near camp" mysteriously don't appear to be on the road but are surely ludicrously far away from all the previous drilling.

....don't know if anyone ever noticed a nocturnal light in the north, about 500m from the neighbour's boundary on the 15th Nov 19....the ones who do a lot of "nearology". Couldn't see anything on the daytime images. I'm still keeping an eye on it ..... It would've been ludicrously far away from what we think of as the main body too.

Morning PG,
Think faint lights are reflections from moisture or some such wierd effect. There is a lot of that way way far out to the north east in little clusters - looks like different colour of earth on the daytime satellite.

Can you go get the daytime picture from your "direct raw data feed" please so I don't spend the whole morning at work hitting "refresh" on the Sentinel Hub website..... Patience, pfffftt!