Member Info for thelearner

This is who we are partnered with - fascinating Cadia Videos - well worth a watch

https://www.youtube.com/watch?v=ePgCZ583Og4

https://www.youtube.com/watch?v=qp7bm24PDwc

https://www.youtube.com/watch?v=dB77ag0Dj1w

Helps if I paste the link! Doh

The history of Cadia in 2 minutes.
Great video - shows how they started shallow - then drilled around the initial mine and found more mineralisation - then started going deeper - then shows the construction of the declines - and what has been block and panel caved and how much resource has increased year on year. It's an absolutely fascinating video in my opinion.

You can see at Ridgeway - over time - how they kept extending the decline and block/panel caving deeper in time.

Haverion might end up being pretty similar. Only thing it does not show is AISC year on year.

NC have done a world class job at Cadia - we are partnered with a world class company.
I have not sold a single share - added more today - and very happy here for the long term.

Have taken some profits on OMI and just kept a small amount - almost bagged - few weeks ago I had multi bagged - 16k top up here

I have huge confidence in Haverion and GGP.
I posted last night I thought there would be a drop this morning - did not think it would be quite so large and have missed lower price to buy I think.

Now just sit on hands again and wait for Scally results.

I too will wait for the thoughts of some of our expert posters with good knowledge of Geology, but my gut also says SP could fall back a little, may expecting bigger figures than this - but this is Inferred Resource Estimate for only a portion of the resource at HAV, still open at depth and in other directions, there is more to come - but it's going to take time.
Nothing to worry about at HAV - just going to keep getting better IMHO

Next big news for SP will be scally results.

Hard to find Info on MRE for Telfer - but look at article below - written Jan 2019 - Australia's 6 largest gold mines
https://www.mining-technology.com/features/the-six-biggest-gold-mines-in-australia/
will have to be rewritten to include Haverion is my guess - well I guess hav is going to go under Telfer which is in the list. Seems to suggest Telfer produced 11 moz up to 2018.

Also clear - the higher the grade - the more oz per tonne of ore processed. And don't forget about the copper - and hopefully other minerals.

Guys - I sleep every night - no problem - only time I think I get really excited and don't sleep well is when I am going on holiday - and that's not happened for a while now due to Covid.
I like to waken up early in the morning around 4 or 5 am and read the good news - well it has been every time - one time it will be dull - but I don't think that will be this week.

GLA

Seingred - OMI my first buy was 4.6 and average is 10 so happy. Not so heavily invested there are GGP/CNR/NSUP - also have small stakes in UFO/BZT but should have sold on recent highs.

Tester - if CNR are away to drill - that makes me happy. More that will unlock much more reserve value for the cost of drilling.

AWAX - the Telfer AISC is so high due to the lack of high grade ore feeding it. Once NC start block or panel caving and feeding Telfer from Haverion - the AISC will tumble. Cadia could be classes as similar - existing mine with new discoveries - AISC is under $200.

Seingred - yes - I did invest in OMI after you mentioned and I researched. Disappointed with this weeks dilution but still positive.

I have been invested in Canadian Explorer for some time (so is Sprott) - NSUP - very happy with recent upward spike - and very good presentation on their site. One neighbour of existing mine where NSUP have had nice drill result is Blue Thunder - thinking of having a punt - gamble but educated gamble!

FrekyZebra - I completely agree with you about PW. I'd be happy to see AB/JP packing and PW in charge.

Yes - this year has been and continues to be a disaster for many companies, small business owners and individuals - and will continue to be so until at least Spring next year. But all the money currently not being spent - will be spent at some point, although those who have lost their jobs will have no disposable income.
Many on furlough though have at least the same and in some cases more disposable income than they had when working.

Best answer must be in both?
I remember posting on here before about best place to be - I was topping up at the time - in the short term I am break even here - would have been up 45% in GGP.
At the time we were discussing about multibag potential. In the long term - possibly CNR had better long term multiple bag potential - GGP were at 20p at time CNR about 45p. I thought CNR had more multibag potential in short term, and hopefully they still will.
Long term - I think it could be GGP, if scallywag results are very good. Haverion grows every set of drilling results - and more potential at depth once they have the decline built, to drill and explore deeper. And it's in Australia, and partnered with a very experienced block/panel caving miner.

CNR though hopefully will have the ore out of the ground sooner. Both very good investments in my eyes. More risk in CNR I think.

So glad I never averaged down here - I stated a few months ago not a penny of mine would go near this company again.
I was totally taken in - wish I had listened to nickel investor when he was being derided when we were above 1p.
This company BOD almost made me give up investing in AIM. DJRyan has also been correct all the time about Alan Broome.

Maybe there is still some hope - wonder how the Manners family are feeling.
Best thing that ever happened to me in SML was when someone on this board tipped GGP and I went and researched there - think it was dvh or DJ - thank you. Luckily has more than made up for this.

I should have added the SML experience with CNR and NSUP down at same time convinced me to get out of AIM as soon as I had recouped losses. CNR I always had strong belief in, especially with Jim Mellon increasing stake.

GGP really has been the saviour for me and have taken smaller positions in a few junior miners, but now going to more readily take a profit. If I had more time I would trade.
I still think AIM is a very high risk investment place. But I also thought our money was safe in Woodward funds, and look how that turned out,

I have worked long and hard and have done ok, and started buying shares through employer scheme in early nineties and have done well.
Then maybe 10 years ago started shares isa instead of cash isa for myself and wife, investing mainly in funds, overall done ok.
A few years ago, I came across Jim Mellon. Watched him and he brought me to AIM and I invested in CNR, been up, mainly down, but up again now and close to mining. Luckily I kept faith and averaged down, and like the story.
I decided I was going to take some money and try and make real gains on AIM, knowing it was risky.
My next find was SML, completely sold by CEO and invested heavily. Now 70% down, but hoping to get at least half my money back, many lessons learned there. They do have an income stream to help with running costs but we still have seen dilution, the main hazard of AIM investment, shareholders losing and BOD still having nice salaries, so I think it’s important to have a good team with plenty skin in game and rewards linked to mcap or sp growth.
But here on SML board, someone mentioned GGP and I came to this board and researched. And started buying around 1.6p. I also had a small SIPP and put around half here and half in SML. Was worth 18k just over a year ago. Now 210k, but I will have to give HMRC 55%. My aim was to make enough to cover tax. Our remaining GGP are in ISA. Hold around 2 million, have averaged up, my average 3.5p. I consider myself very lucky. None sold.

I also have a Canadian venture junior explorer. Northern Superior. A colleague is a major shareholder. Was underwater a long time, but currently well ahead. Sprott invested here also.

In AIM been investing money I could afford to lose, but would have hated losing. Thank you to the posters on here who helped my research and gave me confidence to invest, and thank you GH and CB.

Unfortunately I don’t like whisky, but I love the story and variations of all the different malt whiskies, and collect a little, and have some decent ones.

Several years ago, I read a story, about an ex forces farmer in Dingwall who wanted to build a new distillery, using and old closed distillery brand, Glenwyvis. They raised the money through crowdfunding, and I invested twice. Will I ever get a return? Who knows but I have loved being part of the story. I get my first 2 bottles of 3 year old single malt next year. They are selling at £200 and I think have mostly gone.
https://glenwyvis.com/

Then a couple of years ago they started selling casks, so I bought one. I can keep it up to 10 years, then have option to extend again. I get to sample at 3, 7 and 10 years.

They have another cask offer now, and if I recommend someone both get a bottle free of next years release. I have tried to interest a few friends but no joy so far, to have a cask owning club.
https://glenwyvis.com/glenwyvis-2020-cask-offer-your-opportunity/

I am 59, would like to keep my cask for 15 years, but need good health and luck. Might try my friends again, but probably wrong time of year and I am very busy.

Glenwyvis, a nice story I hope and hopefully a success.

Mercedesman - excellent post.
I was not seething on Sunday night but bemused.
I also discount option 1.
Option 2 - hope you are correct about Scallywag - and also - we have allowed NC to complete Ph3 and get 60% of Hav with no PFS - and want to allow NC to get to PH4 and completion of JV by end 2021. When we get there - NC lose first refusal on Scallywag.

I have posted previously - Rio or any other major is not going to come to do JV deal on Scallywag when after all the work required for this NC can say - OK we are taking it. So end 2021 - could have several majors fighting over Scallywag JV.

Or GGP could sell it all like you say. Visionary business leaders have plans we mere mortals would never think of.
I agree now about the scale of Goliath - and how long it would take to drill or prove up - and the costs of this.

So Scally being great is what we are looking for - and be nice if we found something shallow and quick to feed Telfer. Even if it was not too big. Open Pit.

Welcome NGeol - I am a fellow Oilie - but one who gets the stuff out of the ground and processed and into the pipelines. Know a bit about reservoirs etc but not the geology.

I have been invested here since about 1.6p - very lucky. I stopped buying on way up at around 13p - was a mistake - and I have bought at 19.5 and 22.5 recently - have not sold a share - and do not intend to for a good while.
My personal opinion is Haverion keeps getting bigger every time we get drilling results, GGP are partnered with a world leading Block/Panel cave miner - with a huge mine in the area desperate to be fed with ore - and there is plenty at Hav.

GGP also have some other very good acreage around Haverion - and what everyone is waiting for here is the drilling results from Scallywag - still 100% GGP owned - with 4 decent targets.

The GGP Help site is great - worth a look.

I think it will take several years to get full value from this share - but I am very confident it will grow - as we drill more of the prospects - but as you know better than anyone - with geology nothing is certain and it's very easy to miss a target - NC and Newmont both missed Haverion - which says a lot for Calum Baxter and Gervaise Heddle.

We have now partnered with NC on Paterson range Eat and Black Hills - for 75%NC/25%GGP stake - but at same time NC have given GGP a loan for getting through the first stage development costs for Haverion - CAPEX will not be high as Telfer is waiting.

Scallywag - I think GGP will do more drilling early next year, and then look for best JV deal they can get - hopefully better than HAV and certainly better than PRE/BH deals - but only time will tell.

BOD seem great and focussed on increasing Shareholder value. It would appear from some of the excellent info from regular posters that II money is coming in fast now and buying up shares. They seem to have faith.

Good luck

bluetiger - I do not think GGP are in a paotition to go to the market for JV - until stage 4 is finished on Hav JV - when NC lose the right to first refusal on anything.
No other serious major is going to expend effort on negotiating a JV - when NC can just say - no we'll have that!
Maybe GH is going to spend GGP money and drilling capability at Scally until the JV stage 4 is completed at end of next year - then go to market.
NC will still be in strong position as they have Telfer to feed. Anyone else needs a new mine - but Rio will be building one.

Chester - that is an excellent post - and yes I agree - when I started buying at 1.6p I'd would have been over the moon with 10p.

SocialistB is a long time poster on here - and calling him Bob (those who are) is just downright unfair IMHO.
I went to my bed last night also not understanding why we have given so much away for $3M AU spend (51%) and them to 75% for another $15m AU - total £15m.

I thought given the Hav success - we'd be able to get a better JV.
However GH/CB have info and knowledge we do not have - and we also got the loan etc from NC t ensure Hav development keeps going at pace, which is in the interests of both companies - and the JV was probably part of that negotiation.

Hope everyone is correct about Scally - and if it is very promising - the more we drill on our own, the better any JV will be - and I think we will need a JV.

GLA

TMT - all the best from me, I have always really enjoyed your contributions here, and cannot disagree with anything you posted here today. You have brought a lot to many here - and all will be wishing you well.