Member Info for WelshFalcon

In which case, all is lost. You're doomed (use a very hammy scottish accent for that bit). Run for the hills until Monday.

Conversations with the mrs 101.

Never talk about anything important (especially money) until she had had at least two glasses of wine (Chardonnay works best).

All good stuff and reinforces my opinions.

To my mind, NCM and GGP have something more than a joint venture that transcends the simplistic winner takes all mantra of many on here.

GGP get an up and running processing mill within a short distance. This is great for HAV, but becomes so much more valuable if any/some/all of the other 5 targets prove viable. This with minimal CAPEX on our part. We also have a partner with all the required mining knowledge and skills that we don't have. They are also large enough to move all our targets on and develop.

NCM are getting ore (from Hav initially) of a much higher grade than their only other source in the area (Telfer, which has maybe 3 years economical life remaining). Without this, or any other resource close by, Telfer will rapidly become a big weight on their accounts. With a good JV partnership along with the only available processing mill in the area, they will become the only game in town (any other major payer will need both resourse ans well as the full CAPEX for all the infrastructure).

In short we have a symbiotic relationship that will greatly benefit both sides. To get best value for both, this needs to be nurtured not auctioned off to the highest bidder. Witness the mess Solg have got themselves into by sourcing funding outside of their partners!

I strongly suggest you change your accountant, if not make sure you get a copy of his professional indemnity insurance policy to keep on file.

Sometimes I just....... oh never mind!

I suspect the 'accountant' is a mates friend he met down the pub!

Then try a new accountant, or ask the nice people at HMRC. Random strangers on the internet is unwise.

If you have an accountant, why ask random people on an internet BB?

Either take his advice, or get help from the HMRC website (tells you everything you need to know about tax rates/thresholds etc.).

You're ok Trucky. Fiat have sorted out their historical rust problem. They last a lot longer now!

I've always assumes Us$ as this is the same for gold pricing. Whatever you use it should be in the same currency or it would be nonsense.

GoldenBull, thank you. A beacon of sanity.

I did find Dropinmonkey's posts most counterproductive. There really is no need for such narcissistic rants and Trumpian name calling. We are better than than.

Quite frankly I give much credence to reasoned and properly researched arguments an have no belief/trust in those that revel in name calling.

They do, I believe it comes in as a credit to the AISC. So, again here, any difference in copper content that which was used for the AISC number you first thought off will make a change.

This is where the MRE (Maiden resource estimate) is the key piece to tell us how much is there and at what grades. Then we need the Feasability Study to flesh out the costs and timescales etc of getting it out of the ground. With these in place we will have a better understanding of the expected AISC and future profitability (or not).

I'm not a fan of the fag packet calculations as we simply don't have anywhere near enough information to come up with anything meaningful. Not only that, they virtually all, ignore the copper content which is substantial!

The AISC will change. Its quite simple, really, but if the AISC is $1253 while they produce from ore at, say, 1g/t, then the Hav grades (at 10 times better we are told) will reduce the AISC to $125.3.

That assumes everything else remains the same. The 10 times could only be the better grades with the Breccia grades somewhat less. Also there is additional cost in moving the ore from HAV, along with mining costs at Hav. Basiclly better grade = lower AISC, but there may be additional cost in getting the better grade.

So sad when some revert to school playground mentalities. "he is a weasel grass merchant" Well, really - do try and join the grown ups dear boy.

This is why Havieron will prove to have a disproportionately high value for NCM vs the ??moz fag packet calculators. Especially with their first refusal on Scally etc.

Let the bidding war begin!

Million ounces (troy ounces, I guess)

https://finance.yahoo.com/news/opportunity-hummingbird-resources-plcs-lon-053235275.html

Article in Yahoo finance.

I take a simpler view of these things.

If you want to play with the big boys, you need to go to the big boy's party. That's where you get to meet all the big boy's friends too.

That's you snuckered.

It's not his fault, poor boy! I blame the education system.