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Joe - I completely agree that copper will be hugely important, and the price will only go in one direction.
That is an excellent report.
"There are two ways for the mining industry to increase copper reserves: it can either find large new deposits to develop into mines; or copper companies can lower their cut-off grades and add new reserves that way."
Finding large new deposits is not easy - Hav is going to be one - with significant amount of copper, and lower grades will become economic. This is very important in underground mining, when planning the underground mining operation. But NCM do this brilliantly at Cadia.
I am invested in another company drilling a porphyry prospect 100km from Cadia - many discount this as it's cu only, no real gold grades (yet) - but it will be open pit - so quick - and even grades considered not economic either go thrugh process anyway as you have to shift all the muck in open pit anyway - and what might be interesting at existing mines is the huge mounds of rock not processed because it contains copper which had previously uneconomic grades.
Boy a shallow copper discovery on some of our exploration areas would be good.
I am away to invest some more money and was swithering between more GGP and the above cpy. Going to spend the weekend deciding.
DVH - you should visit AB's LinkedIn page
Chairman - Emeritus AusMine
Director DDH1 Drilling
Chairman Mustang Energy
Director UON PTY Ltd
Chairman Interlate
Chairman Strategic Minerals
Chairman Critical Minerals Group Ltd
Chairman New Age Exploration Ltd
Chairman Emeritus and Director - Micromine
Chairman Asia Pacific Tait Communications
Chairman Ocean Guardian Holdings Limited
Chairman Nuenz Limited
Immediate Past Chairman CRL Energy
Director - New Zealand Coal Association
Member Resources Sector Advisory Council
He looks to me to be very buys man spread across many companies.
They are not discoveries. They are targets.
These will require exploration drilling - and 95% of the time - the first holes will not find an ore body - but give the geologists valuable information about the geology - if there is promise of finding mineralised systems in the area - and they you have to go and drill more.
History shows many junior exploration companies who have burned through all their cash and went bust before drilling the magic hole - even when you get the magic hole, will normally require more holes before a major becomes interested with JV.
GGP were either very lucky with Hav, or CB and his team were highly skilled - we struck the ore body early and was confirmed quickly by following drills - and the grades were outstanding. JV would have been much harder to secure with lower grades.
Juri JV - I don't think NC would have signed this were they not partnered with us at Hav, we needed the loan for Hav, it is very early and exploration JV, but in promising area with promising targets - and NC struck a hard bargain and could end up with 75% of any discoveries for $20mAus, or could end up with nothing. $20mAus is not a huge risk for them.
However - they did have a chance to back away - and not progress to PH2 - but they have - but again not hugely risky for them.
Distance would play a part, major miners would be more interested in areas close to their infrastructure.
It's a long term game, normally from discovery to mine would be about 10 years - NC are going at lightspeed at Hav, purely because they have a huge mine nearby with tons of spare capacity. 1200 people work there - shows you the scale.
JuriJv - yes NC said unlikely any Hav type discoveries in a couple of areas, but Black Hills could potentially have Telfer style mineralisation.
GGP are one of the few juniors who have struck big with Hav, lets hope we get lucky again - but it's rare. We have some other smaller proven discoveries as well. But nothing like Hav.
I found the post on Telegram last night showing the GP major shareholders and how their stake has been changing fascinating. Assuming it was Bloomberg terminal - but probably not fully up to date.
Am I surprised Van Eck - and others may be building position in NCM - no. Hav - they own 70% now, Red Chris - amazing potential - Cadia amazing. The future for NCM looks very bright, and they probably will start increasing dividends. Also a very nice merger/takeover target.
GGP - also attractive I'd say, but much more speculative, with explorational potential, and 30% of Hav - but much more speculative.
I was on telegram initially - but came off - simply because I did not have the time to read everything on both platforms - and I still don't.
However the daily highlights bit on Telegram is good, but I still struggle to cope using both platforms. Telegram ability to post images and direct links is much better.
I use LSE for other shares I am invested in - Telegram is only GGP - so I'll need to use both.
For me - on here I can easily ignore views I do not believe, and use filters, and have been here a long time on GGP board due to the quality information sharers - we all know who they are - and I'd only stop coming here if they were not posting here.
Here I also hardly ever respond to the nonsense posts - it's what they want - and very often spoils the boards - well that's my opinion anyway - my belief is do not engage with them. But others think differently and that is their right.
What amazes me is where people find the time - I am only on here just now as having a day off work.
I like both platforms - yes LSE has weaknesses - but there are a lot of contributors on this chat and others who I really respect and find their views and posts extremely helpful to me. I learn a lot on here - and also will on Telegram - and where I can also try and chip in to help others - although my knowledge on mining and financial markets is limited - like many who come here. Oil and gas I know well - but a declining sector.
gorsuch and others - you know I agree with you - and yes - it was all the money that was thrown and wasted on LCCM that put SML where it is today.
I and some others from here also are in RMM - my stake was not huge, and I have been burned before with consolidation, and stupidly never listened to my head telling me to sell. Went from 50% up to 70% down in no time. The company had some bad luck and needed more finance - have good assets. Today up 38% after finance was sorted - with hopefully more to come.
I guess this has shown me it is possible, but like many long termers here - think changes in the people in charge are required to make this happen for SML. Australia is a mining friendly jurisdiction. The time this PEPR is taking seems very excessive.
Last week we had a post from an LSE member showing the text of an email from JP - I found it amazing - if true - that the CEO would share information in an email to a shareholder that has not been divulged to other shareholders in a report or RNS.
via ggphelp on twitter - DM
the member referenced in Hydrogens post has been a member since 27/09/21, has posted 15 times, it says 10 posts in last 30 days, but shows 1 GGP Post, 1 RMM post and 3 Hummingbird posts.
samplank - I am led to believe it was because he mentioned and called out a poster by their LSE user name. It is still in many of the repeat posts I am seeing.
Hydrogen was merely in my opinion responding to this poster outlining why hydrogen believes GGP will be a sound investment
You can read what was posted - enough copies of it on here
GGP help on twitter - direct message bottle - he tell you how
Mickey - I managed to message GGP help on twitter
No I noticed the lack of green boxes too - but one just appeared for me above your last post
I've been clicking on a lot of the members names reposting - with a relatively low number os posts - most been a member for over a year and many for several years - obviously the readers of these boards who do not post often and appreciate the posts from Hydrogen, Paddy, Bamps and others - been quite amazing to see how many posts - all being removed.
WelshFalcon - completely agree - I now await some nonsense posts tonight.
This is from LSE Share page - top recommended posters
1. Hydrogen, Score 1403.82
2. PaddyGall, Score 949.28
3. Tillywhiz, Score 928.14
4. HarChris, Score 773.31
5. Bamps21, Score 763.26
6. Codejunkie, Score 748.23
7. SpadesAspade, Score 673.69
So looks like LSE are banning for 2 days a few of their top recommended posters – makes a lot of sense - Not
Floater - agreed - personally I just use the filters
Hearing people reposting the post are being banned for 2 days - until Wednesday - don't know if it's true, but mods certainly busy deleting posts
Bamps - I sincerely hope not - you bring so much to many on this board. Your posts are incredibly interesting and invaluable.
I was reading the board yesterday, never noticed anything - were some posts removed?
I agree with doublehun here, ignore any detractors - do not let them win. Hydrogen has also been attacked lately - and I don't know what's going on - but I do know, your posts, with those from Paddy, hydrogen and many others are hugely invaluable.
I have been sitting on my hands and adding, and have been confident to do this largely because of the contributions of the trusted posters on this board.
mralien - I believe them both TBH. I am invested in GGP and XTR, read both boards, much more heavily in GGP, been there since 1.6p and have continued buying all the way up -and down! XTR I bought initially at wrong price point around 6p, but bough some more recently in low 3's - wish I'd bought more - was buying both companies.
It's very easy for people to become heavily immersed in a single investment, and not spend time looking at others - nothing wrong with that.
I came here by chance, but because of doing a lot of reading about the GGP major partner NCM, had read a lot about the Cadia Porphyry area. That's what got me excited about the potential at Bushranger/Racecourse, and also XTR have some African projects hopefully soon providing income, something GGP have not got.
My own view is both companies/projects are very different - with huge potential. GGP will have 30% of what I believe could be Australia's biggest Gold/copper IOCG ore body find for decades. XTR might just have stumbled on to a medium sized Cu only Porphyry, but possibly with other deposits very close - which is what I found exciting, and Icebergs blog shows how interesting hole 25 will be.
What I am not sure of is if XTR will go for quick sale of Racecourse, or do some more exploration in the area to see if there is even more there. Very interesting period ahead. I think I'll do well with both companies - don't think either will give very quick gains and require patience. But hope I am wrong.
mralien - I believe them both TBH. I am invested in GGP and XTR, read both boards, much more heavily in GGP, been there since 1.6p and have continued buying all the way up -and down! XTR I bought initially at wrong price point around 6p, but bough some more recently in low 3's - wish I'd bought more - was buying both companies.
It's very easy for people to become heavily immersed in a single investment, and not spend time looking at others - nothing wrong with that.
I came here by chance, but because of doing a lot of reading about the GGP major partner NCM, had read a lot about the Cadia Porphyry area. That's what got me excited about the potential at Bushranger/Racecourse, and also XTR have some African projects hopefully soon providing income, something GGP have not got.
My own view is both companies/projects are very different - with huge potential. GGP will have 30% of what I believe could be Australia's biggest Gold/copper IOCG ore body find for decades. XTR might just have stumbled on to a medium sized Cu only Porphyry, but possibly with other deposits very close - which is what I found exciting, and Icebergs blog shows how interesting hole 25 will be.
What I am not sure of is if XTR will go for quick sale of Racecourse, or do some more exploration in the area to see if there is even more there. Very interesting period ahead. I think I'll do well with both companies - don't think either will give very quick gains and require patience. But hope I am wrong.