Member Info for WelshFalcon

It all depends on what infrastructure you need. I assume Winu needs a full site, Processing plant, accommodation etc. etc. (airfiled?). They don't want to put any of this on useful ore deposits!

Hav, on the other hand, only needs to find space for an exploration decline atm. Everything else is in place for us.

He never has been known as one of the great strategic thinkers!

I'm not sure what this means for SNR, but it is a curved ball for Trump.

https://www.politico.com/news/2020/07/27/drugmakers-trump-meeting-canceled-382847

I need to have a think..... Any ideas?

Ah, you are trying to assign some level of logical thinking to him!

Now that would be a novel experience.

And the biggy - ore extraction in 12 - 18 months. Er...... just wow.

Just spotted:

"Trump is now going for a more optimistic route. According to Axios, the White House plans to push vaccines and therapeutics in an attempt to shore up his image as the prefered candidate on the economy.

“I think it’s pretty clear to everyone that getting a vaccine, getting therapeutics that work is the golden key to unlocking the economy and stopping the crisis,” a source close to the Trump campaign told Axios. The only problem with this tactic for November is that the earliest timeline for a widespread vaccine is Spring 2021, while a “very reasonable” estimate from the World Health Organization posits the end of next year."

https://nymag.com/intelligencer/2020/07/trump-to-promote-covid-vaccine-in-election-messaging-report.html

They must be sitting there, pen poised, in case they need to put one out in a hurry. Following a ill timed tweet..........

It's just so weird having to keep a close eye out on the orangatang's twitter feed in case he pops up with something! Not an investment strategy I have ever had to use before.

Please mummy, can I go home now?

It's a white knuckle ride on the SNG rollercoaster today.. lol.

nm

TMT, thanks.

Your mention of economical value resonated with me. OK, we can measure the resource (MRE), but do they only recognise the asset following the PFS which should detail what and how much is actually recoverable?

Rats - should read 'no resource' sorry folks!

That's what the MRE is for. Until then, there is resource estimate to value.

Took loads of attempts on HL, couldn't get any below 215. Thats for 3000 shares too.

Oh I like Tinitus @probes. Very apt/

That'l be a depression of de-rampers, then?

I think that, from now on, there will be a fair bit of flexibility over timings!

My feeling is that NCM will want to put in an exploration decline asap. This doesn't necessarily mean that the MRE has to be in place before this, nor the PFS. This decline may well allow some ore to be recovered (an early stopping operation). So a lot of things may well be going on at the same time, all aimed at getting HAV up and running in short order. Max two years IMO, very likely sooner!

Well said TMT.

Your three posts do help, to an open an enlightened mind, what a gem we have in GGP and our BOD.

SXX was building a mine from scratch. A massive undertaking. For whatever reason they were unable to put together the funding need to do this. The fault was in their business plan and an ambitious project.

Now compare with GGP. We only have a capex of around $34m for our share of our mine. That's all, a small proportion of our MCAP. Highly unlikely to be a problem. We have a JV partner with all the skills, knowledge and manpower required to get HAV to a full mine. They also have a commercial need to get this done asap.

Our BOD have been impressive in putting us in this position.

It matters very little which broker JPM or otherwise we end up using. What matters is our business plan, the funding we require and the skill of our BOD. In this I have no problem at all.

We are in very odd times and rules will need to be twisted/changed/modified!

The main event is in the US, entirely of the 'orangatang's' own making. The increase in (detected) infections is now accelerating at an exponential rate. Now 4m in the US alone (the latest 1m increase is all in the last month, the next 1m will be a matter of weeks/days). No it is not due to increased testing and it is an understatement of the true picture due to low testing.

None, that is none of these people will benefit from a vaccine. A vaccine will only work to build up an immunity prior to an infection.

How many will be in need of a theraputic remedy by the time SNG001 can be widely released in the US? How soon will some of the sunbelt states run out of ICU beds, causing desperate need for something? How many doses can be made/supplied in that time? What of the UK/Europe and the rest of the world? Assuming SNG001 is as effective as the small trial indicates, this will be needed in vast numbers and pretty soon.

Presidential election only 15 weeks away. Orangatan likely has no time left to pull a rabbit out of the bag, but he will try anything and everything that he can IMO.

You can expect him to throw vast amounts of cash at the problem - how hes does this is anyone's guess, but cash there will be.

You need to catch 321 bats for each dose, though. Lots of people say, so it must be true.