Member Info for tiggerman

Newcrest see full year gold output at lower end. a headline comment on Bloomberg

Am watching Bloomberg on Sky 502. Mentioned the Oz market opening but no Newcrest yet

I will settle for$200. I am a n investor and a dreamer, - not a commercial mining accountant.

So what are we now looking at as a maiden resource.
A rare discovery.????
25 Million ozs ????
30 Million ozs
30% X say 20 Million ozs X $500 an oz equates to 3 Billion dollars - that is 1$ per share ,and it could be more.
And that ignores the rest of the GGP value.
I believe that things are perking up. Any significant raise will keep me happy. But probably willnot sleep too deeply tonight.

My calculations relate only to Havieron.
Scally /Earnest / Black Hills ., Warrentina/ and the rest cannot all be dead ducks,
Finger in the air at the moment ?????
But it does look very, very, very optimistic.

Havieron alone now probably contains around ( cautious ) 100 million tons of mineralised material.
At its minimum level of economic viabilty of 2 grams per ton, one arrives at 200,000,000 grams.
200 M grams = approx ( rounded down figure ) 7,000,000 OZS
So , assuming averaged extraction / transport/ processing costs ( only a guess ) , one can arrive at a $ amount of profit per oz of
( again cautious ) $500.
2 Million oz resource produces $1 Billion into the kitty.
$7 Million ( a minimum probability ) produces $6.5 Billion
$10 Million ozs ....................................................$10 Billion
Probably wont exceed 20 Million ozs,........but then you never know

OK... so I am hypothesising, but a chap needs something to do in between the 15 minute SP price adjustments, and the constituent figures have not been wholly imagined. Please correct and admonish if you know better. And in my view it is encouraging me not to sell out at 3.5p.
Fingers crossed.

Thank you wraith. Have watched the video and am impressed by the process. More like a chemical factory.
I would have thought that many of the large majors would be adopting the system.

New to the board, but led here from GGP where we are now entering a life changing week. GGP is of course only an explorer in very safe Oz territory, but on the verge of closing a deal with Newcrest.
Curiosity aroused by the development of POX, and the increased ore /ounces /revenue from same extracted tonnage , and joint venture processing. I read the company as expanding, higher revenues and profits, and growth, plus whatever arises from rising gold prices. It all has a very good feel. Am I wrong ?????
If GGP performs, I plan to split my investment, and put some cash into POG. The world looks very turbulent trade wise, coronavirus may muddy the waters more, and gold looks a safer bet.

Stout, have just had a good look at the Petropavlovsk company website, and apart from them having a clear, well designed website, they appear to be a very well run gold exploration , mining and producing company. They are growing, they are profitable, and they are increasing their POG processing plants , which I think means that they will extract more of the gold ore per ton than by using previous methods. They are forecasting increased production.
Nothing is certain,but predictions before Coronavirus were that Gold prices would move north towards $2000. A serious expansion of the virus might well harm world trade , and thus accelerate incfeasing Gold prices. ( speculation only - I have no expertise other than plenty of reading research ). Exploration companies show less response to gold price than miners.
If Thursday produces some SP action, I may take a serious look at Petropavlovsk and split the gold risk.

Stout / Tome ; many thanks for your prompt prompt. How pleasant it is to use the board in this fashion,- erudite and educational contribution , knowledge ,learning, no drivel or personal bashing. A pleasure to do business -as they say.
Long may paddy gall a nd yourselves continue.
May Thursday bring us all much contentment

As a relative ignoramus, I can only grasp Paddygall that you have edited a superlative piece of work, that only gives me an exceptionally enhanced confidence, -even with you possibly being 50% out in your calculations. I would happily sleep at night to know that we had a 15M oz resource. Of course 27M oz would probably keepme awake at night. My compliments.
On a somewhat different matter, I briefly read in Fridays Times Business section, a short report on a UK ? gold/ silver miner in Russia called ??? petrovask or something like that and I just cannot trace the company name anywhere, They had very significantly increased their net profit by changing to a new and more efficient system of ore extraction, that worked near 100% and eradicated tailings. I can not find a copy of the Friday Times, and apologise for my ignorance of the company name.
Does anyone have access???

Havieron is my well researched investment. Firetower is an add on by-product

I am not a mining guru, and I get neither excited or depressed by the RNS.
Can anyone give us some sensible guidance as to the future of Firetower as the RNS never states much in the way of values , potential progress to digging up the lead,gold and zinc, value to any other miner, what happens next.
Can it be sold ???
Is it worth mining ????
Is it just likely to be sidelined ???
Is there anything there that will push the SP northwards ???
All answers on a postcard please.

tig

Apologies, -meant Newcrest,-not Newmont

Good on you Daisyg.You reflect most of what I messaged yesterday. Use the board for subjective contribution , cut the blather, and help those less knowledgeable ........ like me.
I reckon that if Newmont sign up for stage 3 , then it is looking good that they will be going the full journey. Gold in the ground ( or silver or copper any other valuable ore ) does not drain away, or get water contaminated, or wax up, or fail to appear through lack of pressure like N. Sea oil. I stays exactly where it is until Gervaise moves in with his diggers.
The asset evidence of grammes per ton / parts per billion are now piling up, the confirmation to continue building up the evidence is there, the proximity of Telfer is economically reassuring, Havieron, Scallywag, Black Hills are now sites that excite the investment urge. And we still have Panorama , Ernest Giles , Firetower and Warrantina tailing along not too far behind.
Hot news ,one anticipates, in the next few days.
I am unremittingly optimistic, and whilst 20p in the short term might be over-optimistic, 4p 5p 6p is not. But I do see 20p on a not too distant horizon.
Patience, expectation and good luck to all,

tig

Caveman 2506. Sorry but did mean to say you are right. Cut the rubbish and blather and use the board for helpful, constructive, and educative comment. That is the intention of a BB.

I am a long term holder , but non tech. My support has only been acquired through reading over the years.
What I see is a company, Oz based, with 6 highly promising prospects. If one assumes just for discussions sake that each one is a 1 million oz prospect, though cumulatively there is probabably a much bigger resource in total, then.......
Gold at $1500 an ounce, fairly stable and predicted to rise rather than fall.
Extraction at say $800 an ounce,- I am aware that this will vary dependant upon a deep mine or opencast
Then , per 1 million ounces prospect, there is a predictable net profit of $700 Million.
Have no knowledge of transport costs, but these cannot be that high.
So , possibly looking at an asset valuation of a minimum of $4.2 Billion and probably a lot more when the true resource is calculated and other minerals,- copper etc are added in.
There is an issued share base of 3.577 billion shares .
$1.175 per share base and probably much higher ( approx 90p sterling )
The company balance sheet only records its net cash as an asset. No other asset valuation of its prospects are included, or reflected in the SP.
The company has a fine CEO , and was most impressed with his earlier week video which exuded confidence and surety.
Obviously the SP will only start to significantly move when the diggers move in and the metal starts to be produced, but we seem to be getting much closer to that point, and it is time that the SP reflected that position.
My figures are rough, assumed and base, and will happily welcome dissection , correction and criticism, but it is on this thinking that I am invested and in fact now increasing my holdings.
I am open to any educated / knowledgeable assistance.

Thaks Albi1

tig

Have lost track over Xmas. When is the next offload due, or does HUR shut down over Xmas .
My instinct tells me that it should not be far off. Another $30,000,000 into the piggy bank.

have been into GGP for some years and have been sadly dissappointed in the SP movement relative to the flow of generally positive news.
However watching and hearing the Gervaise summary, I cannot help but be heartened, and starting to believe that there will be news flow that should lift the SP to............. who knows.
3p should be a no brainer, 4p a not unreasonable expectation, and 5p plus/plus /plus a genuine hope if the Newcrest drill results are exciting .
Gervaise exudes confidence and high expectation all round, and between the lines I perceive a message of GGP starting to arrive.
Fingers crossed.