Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
This image is a little different in that you should be able to zoom in about 300% plus, without loss of quality.
Download at: https://gofile.io/d/Xzs3fs
A Happy New Year, and best wishes to all.
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Hi Bamps
I seem to remember that you wished to be able to convert between old and new OS datum, but I can't recall where for.
You may well have seen these websites, but just in case you haven't.
Australia:
https://www.icsm.gov.au/datum/gda-transformation-products-and-tools
New Zealand:
https://www.linz.govt.nz/data/geodetic-system/download-geodetic-software/nz-map-reference-converter-download
Kind regards ... T
Hi MH01
Absolutely, the thing is that if you are monitoring the share price hour by hour, day by day then it will seem like an eternity. Can't remember who it was now, but someone filled up his and families ISA's and was off down the pub for a 3 month summer session, good counsel. If any of my villages 3 pubs were still in existence that's where I would be .. instead trying to be constructive and learn new skills while on A/L, which might go smoother now I have upgraded my reading glasses from x1.5 to x2.0 magnification. It will come good, time is all it needs just at the moment.
Kind regards ... T
Hi Redtrader
Thanks for the reply but I think in RNS reporting tables there is more to it ..
In the Firetower results you get the following:
AU (g/t) Au (ppm)
0.76 3.6
1.14 1.1
2.44 5.7 etc
So I think there must be another factor, guessing something like the density of the sample?
Hi Bamps
Another 'quick' question in relation to Au (g/t) and Au (ppm)
I see that you were quoting in Au (g/t) and I was quoting in Au (ppm)
When I have looked up the conversion rate between the two many websites are stating it is a 1:1 ratio between them, however on looking at the results from Firetower I can see this can not be the case as both are quoted, but are different figures. I can not see an obvious denominator between then, so I presume there must be another factor that I must be missing.
Kind regards ... T
Hi Bamps
My mistake I should have said Median Au (ppm) is showing as 0.64 (not 6.4), and as you say with the expected results to come through should raise the Median further.
Thanks for the info.
Kind regards .. T
Further to my posting of the 3D Visualisation of the drill holes, there are a couple of statistics that go with it:
The Mean Au (ppm) comes out at 14.4
Perhaps more relevant is that the Median Au (ppm) is 6.4
Additional infilling results should firm this up.
Bamps on your previous calculations what were you using for your average?
Hi Tosspot
You didn't offend me at all, still laughing to myself as the fool (or assistant fool), plus nipples. Seriously China and Russia are not staying in Afghanistan for no reason, minerals maybe, strategic location definitely, ability to influence the region absolutely. China is heavily invested in Africa (where in the world isn't it). Russia wants to play as well.
Kind regards ...T
Hi TT and All
Unfortunately I didn't get a reply from GGP on a similar themed email I sent them, lets hope they produce something soon.
The BB today has been fairly depressing. While I can't magically move the SP upwards, perhaps my 3D visual representation of drilling results will remind everyone of what we have, with hopefully more to come.
https://youtu.be/ItxAXvyQadM
Kind regards ... T
Hi Notrader
"Discussion: a conversation not taken out of context."
Not upset at all.
Being posted on a BB implies the discussion is open to all to see and reply, hence the threads, and multiple replies already.
Glad you have tempered your reply to HIM.
Kind regards ... T