Member Info for Texlax30

Seems to be after hours, tells you all you need to know. Gonna be a lovely Xmas build up

If you are looking to snatch defeat from the jaws of victory, go for it! No offense to lithium but...copper. Copper. One more time...copper.

Question that keeps popping in my head. Let’s assume PRE and Scally are both a success, though this follows our being able to drill and prove up Scally, and we get what many folks in here think we deserve - a 50/50 JV. Though with higher percentages in both PRE and Haveiron, what is NCM motivation to develop and process Scally ore over the other two options? What’s the best way to protect our interest, more cash up front?

Genuine query and appreciate any comments.

Thanks CB, appreciate you and others posting detail of the actual spread. Always of interest, even though my hands are nearly up my....err nevermind.

Laughing has ar5e even more after Kohli just dropped that ball..!

I have a visual of GH down in Freo right now, in the Little Creatures outdoor garden with a summer ale and cigar, watching the cricket and laughing his a55 off...

We don’t have good volume or high grade, we don’t know what’s up there. It’s based upon surface area of potential exploration (costs).

I’ll say it again, the Juri JV is way too left field to be viewed in isolation.

GGP is a good book that you just can’t put down..

If Scally was a dud, why not wait and drill PRE and BH whilst they are still 100 percent owned. My view, at least.

Floater, agree and I think you raise a plausible alternative theory. But for me, PRE and BH are nit important to NC right now, and they’re not in the business of helping GGP PR. I think they’ve been forced into the business of locking GGP up, keeping them close whilst GH has gotten his way in keeping Scally...for now.

The Juri JV is just too left field - it requires an unrelated explanation, and I believe that is Scally. PRE and BH are not important to NC right now - but locking down GGP is, particularly when a district scale discovery might be exposed soon. IMO of course.

Fully agree with Merc. If Scally was a ‘duster’ (not sure why we refer to these drills as if they are in the North Sea), GH would hold back and ensure the other targets are drilled whilst 100 percent GGP. The return to Kraken, on-site scanners, etc have shown what is there, and I believe GH had to fight to keep NC away from Scally, for now. NC want to lock us down, and beneficially for both parties, Juri does that. But this is the first piece of the puzzle, and when we look back in a few years time, Scally will be the big chunks of our market cap. IMO.

I could go on, but others have already stated what is happening. I think it will all be clearer within two weeks.

Absolutely, CageUK. Interestingly, there seems to be two type of investors on this board - those younger ones who want to see 100% value and are fine to wait 15 years, and those who are nearing retirement and want progress on the assets tomorrow. This JV suits both, and I just can’t believe how derisked we are. Institutions will love this, just wait until we have a tick box MRE (for 1/4 of the HAV ore body cough cough).

People seem to also forget we have our own competition (other Paterson explorers). We have just put ourselves in a different league, and ensured NC focus remains on us.

Wow, I threw the dog off the couch when the 100m popped up last night, luckily he’s hiding in the corner when that 70m just showed!

Or did another delayed 70m buy from last night just show up?

Merc and HopefullyGold,

Im right there with you, though i am hoping for a number over 5.5m in a few weeks time, based on the SE. I suppose my comment was, put yourself back in late 2019, and imagine anticipating a conservative 5m+ MRE based on only a portion of HAV. Truly exciting.

As for Scally - our fearless leader (GH) is all about doing, not talking. Im not one for conspiracies, but as others have alluded, the silence speak volumes to me. Could be a lab delay, technical (rig) issue for returning to the holes, etc. But I would like to think we would have been informed - GH has proven himself to all of us, thus im left to believe the delay is only positive.

Im disappointed we seemingly might not get to my favourite target (Goliath), but we still might be wearing masks and working from home in April 2021...so we can save the excitement for then.

Long time listener, first time caller, thanks to the new LSE chat protocols.

Glad to be here, standard shout out to paddy, hydrogen, mercedes, joebass, spy to name a few.

If i can add anything, it is that the expectations surrounding the MRE are a bit unrealistic at times, and perhaps the basis of an intial inferred estimate is not understood by some (no fault of their own). Which brings me to Bamps - this gentlemen has pretty much stated the MRE in his calcs, and i hope the market pays attention and realises this figure could be 25% of where we are by 2023.

What a story - enjoy the ride, all.