Member Info for Timid

Grizzle1 - sounds like you are a fan of BM & QH! I've switched GBR.v to ARU.v :-)
NCM (I'll go anywhere) has a JV with GFG Resources - GFG.v. I missed the boat. :-(
What's your best shot besides GGP?

Hey Grizzle1, a couple of beauties there. I owned one of them. I've been looking around for a comparable orebody but lack knowledge beyond porphyries & IOCGs.
What's your take on something similar elsewhere that we can use as a model? Multiple high grade zones including some very high grade material. Is there a North American example?

Given this story has been around for a while and the proximity to 1 Jan, I wonder if:
a) a fund has had a change of mandate - e.g. change of deed to allow investment on AIM
b) reallocation of money between funds - e.g. switch from tech (FAANG) to gold - some people have been predicting this for a few months
c) new manager with a penchant for gold explorers
d) North American investment newsletter recommending GGP - e.g. Bob Moriarty, he can move a share price and there are 300m of them!
e) add your thoughts
~60m shares traded in the first three hours is impressive.
Anyway, in the end who cares, someone is buying but I thought I'd add to the chatter since there will be no news between now & 30 Jan, then BOOM, home run! Well that' s what we're hoping, whatever your "home run" is.

Spymaster25 it's the cheerleading of the gold price I'm referring to. As soon as this current fracca blows over the price will retreat and then what?
We are holding a great stock with a very good narrative. It's an exploration play & good news on the 30th will shoot SP higher.
Hey Kabaa, have bough & never sold a share. Unless you hold more than 20m shut up. :-)

FM! You three crowing because the gold price has spiked and the company whose shares you hold does not have an orebody defined yet let alone started producing any gold!
Lots of innocent people will likely be "collateral damage" before this latest stoush is over and all you care about is the impact of the rising gold price on your miserable shareholding.
SHAME!

trucky, I just had a look. Twitter has the same b/s as here!
You are one of a few sane ones on this board.
We desparately need 30 Jan NR so we can deal with a few (hopefully a lot!) more facts. It would be great to see if Newcrest has a better idea on where those HGZs are.
That NR in 24 days MAY present one of the best buying opportunities for any stock this year! Just gotta find the cash and be ready to pull the trigger.

trucky, this looks like a very unsophisticated attempt at a pump 'n' dump.
The giveaway clues are hilarious. :-)

Strange post! Is this play money for you guys? I hope so! :-)

Is t/o today abnormal for this time of year when most investors are on holidays?

Hey Bamps21, why do you want vertical holes?

Five weeks! That's all the time there is. 23 trading days to the Newcrest qrtly.
What am I hoping for?
Several 200m+ intercepts of ~2.5g/t Au equiv.; clear & obvious continuity; and Newcrest increasing the rig count to 10!
That's not too much to ask is it?

similar JV to GGP but with cash payments. US$100m cf $65 for GGP.
Amazingly, mkt cap is only one third GGP! One is very cheap or the other is very expensive!
https://ceo.ca/@nasdaq/gfg-signs-option-and-earn-in-agreement-with-newcrest

Hi TGF,
Carrapateena is a great comparison for Havieron.
It is shaped like a near vertical pipe and sits under approximately 500 metres of unmineralised rock cover. Sound familiar?
Carrapateena will be mined at a rate of 4.25mtpa at a head grade of 2.3% Cu equiv (which is equivalent to 2.9g/t Au) using a process called sub-level caving. Using this method, the deposit is blasted in 25 metre sections and then collected by loaders. From there it will be crushed and loaded onto a conveyer belt that transports the ore up the decline to the surface.
Here is a file with all of the costs. NB. CAPEX is ~$900 but includes, plant, airstrip, camp which I assume are all at Telfer and covered under OPEX in toll treatment charge. See Table 9.3 on P.105.
https://www.asx.com.au/asxpdf/20170824/pdf/43lp2ntchsqq70.pdf
OPEX forecast is in Table 9.4 on P.109. Converting to g/t Au = 0.7g/t.
Pretty remarkable coincidence!

Hey strudel, if I may be so bold, I'd say it's another important piece of the Havieron jigsaw.
What we've got is a statement from Sandeep Biswas saying the high grade zones are ~2.5g/t Au equiv or higher, so look out for assay results end of next month.
We have had GH point us to Telfer OPEX as a guide as to what to expect at Havieron for mining and processing costs i.e. ~0.7g/t Au.
What about CAPEX & transport incl. road maintenance? Based on PG's $500m CAPEX & commentary here on transport costs I can't see it being more than $15/t i.e. 0.3g/t.
So it's looking like all-up costs of about 1g/t.
People have been asking about what size to expect e.g. minimum 3moz (based on Newcrest's Tier 1 mantra) or speculating wildly about 20moz.
What would Newcrest be happy with? Telfer 2020 guidance is for 400-460koz of production so I guess it would be happy with say half a million ounces per year.
Assuming 10 year mine life, 90% recoveries, average grade of 1.75g/t then we are looking for an orebody of about 100mt.
Gross operating margin of 0.75g/t i.e. USD35/t, 10mtpa gives $350m and GGP gets 25% i.e. ~£55m pa after tax.
All are ballpark figures but you get the idea that a 10 bagger is a possibiliy!

PG - One day we'll have a "Havieron" party in London and will be buying various contributors a few gallons of beer!
I might start an IOU tab now!

Those haul trucks are impressive. Nothing like the CAT trucks I see at mine sites. Obviously each type of truck has a particular function.
I am greatly relieved and appreciate your input and the video from Lesotch24. There is a rumour that the transport cost was estimated at ~USD1 per tonne per kilometre which equates to 1g/t of gold! It appears it will be nowhere near that.
I know a road needs to be build to cater for these monster trucks and the trucks themselves must cost a fortune but in the context of transporting 5 or 10mtpa of ore it is all a manageable cost.

whoops, error!
5l per mile translates to ~3 litres per kilometre. That makes a difference!

https://www.asx.com.au/asxpdf/20191220/pdf/44crt21g68stps.pdf
Not nearly as good as Havieron but SP up 10%.

Thanks trucky, that is awesome!
5l per mile is 8l /km so above my calc below of 6l/km. But in the ballpark.
Fuel cost is a big factor. Add in maintenance. What do you think? Roughly similar to fuel cost for tyres etc etc?
Newcrest has to bild a raod too.

Nighthawk Gold - NHK on TSE. What do you think?
https://www.youtube.com/watch?time_continue=2&v=zywfK2L4Jjs&feature=emb_logo