Member Info for zoros

Merlin:

"...The Inferred Mineral Resource is based on a total of 125 drillholes for a total of 126,643m of drilling as at 26 October 2020. Infill drilling has been ongoing since this date..."
The MMRE came out on 10th Dec 2020.
Z

Hi Tiggerman.....thx for the invitation, but back out in sunny Spain early October to check my son's running the business properly (again)....any excuse I know but needs must!
One day perhaps......perhaps when the FS is out!
Meanwhile keep the faith.
Z

Morning Mr B. PFS is going to be later this year. They need to get it right.
Lots of 'other' news incoming though in the meantime:

Q3/21. MRE(Indicated) for SE Crescent and adjacent Breccia zones.
10/21. Los Diablos / Parlay / remaining Saddle reef assays due.
28/10/21. NCM September quarterly results.

People need to understand that what we see developing here in front of our eyes is a speeded up film of how to dig a gold mine. This is not 'normal'. NCM are literally 'on fire'. I know it doesn't feel like this but when compared to the life cycle of a normal mine......it is mind numbing.

The SP will flop c o ck happily along in its proper place, like this (16 to 19p) until the fundamentals change (new MRE/PFS/proven discoveries / bid / JV / sell out, etc etc). Interims and quarterlies and updates are stocking fillers.
Slowly slowly catch a monkey..............
The run up to Christmas (only 14 weeks now!) is going to be fantasmegorical......hold tight.
Best
Z

cont'd...........

2028. BCM production. (SLC and Bulk Mining, operating in tandem).
2042. Sub Level Caving estimated end of life.
2053+. BCM estimated end of life.

Z

2021. 65,000m growth drilling continues into 2022
Q2/21. Refined and remodelled drill testing @ Scallywag (Swan / Teach / Architeuthis)
04/21. Juri JV. [NCM invests $3m until 2023. $17m between 2023 and 2026]
Initial share: NCM:25%. Stage1:NCM:51%. Stage2:NCM:75%(Optional)
14/05/21. Exploration decline to top of ore body commences. (420m deep / 2.6km long)
15/07/21. Mine officially open
09/21. Juri JV discovers gold @ Goliath / Outamind. 5 assays results pending
09/21. Additional significant grades identified between 1200m and 1450m.
Significant grades identified in N breccia. Potential to expand MMRE(inferred)
E breccia 600m extended strike length. 18 assay results pending
120m of decline completed
10/21. Los Diablos / Parlay / remaining Saddle reef assays due
Q3/21. MRE(Indicated) for SE Crescent and adjacent Breccia zones
28/10/21. NCM September quarterly results
Q4/21. Havieron PFS. (On completion, NCM will own 70% Hav JV)
11/11/21. MSCI quarterly Index Review (effective 01/12/21.
26/11/21. Firetower/Warrentinna mining rights expire
09/12/21. NCM Interim report
12/21. MRE(2)(Inferred) for extended SE Crescent and breccia / N. breccia zone
12/21. GDXJ quarterly rebalance
12/21. Option for NCM to take over management @ Juri JV
H2/21. Drilling programme commences – Rudall
27/01/22. NCM December quarterly results.
2022. 70,000 - 85,000m growth drilling programme planned @ Havieron.
2022. Drilling commences @ Ernest Giles.
09/02/22. MSCI quarterly index review(effective 01/03/22).
12/05/22. MSCI quarterly index review(effective 01/06/22).
Q2/22. D.F.S. Decision to be made to Bulk Mine (as a JV) by NCM / GGP.
[NCM loan of $50m runs out on completion of DFS]
[Decision to mine will result in payment of 145m shares to Pacific Trends Resources].
08/07/22. Bromus mining rights expire.
11/08/22. MSCI quarterly Index Review (effective 01/09/22).
Q3/22. Exploration decline and ventilation shafts complete. (@ est rate of: 155m/month).
Q3/22. First pour? [Commemorative Ingots?].
Q3/22. Bulk Mine decline commences. [1200m deep / 8km long].
Q4/22. Sub Level Caving (SLC)(Stoping)) starts @ main ore body.
10/22. Byrnecut contract for first decline terminates.
10/11/22. MSCI quarterly index review (effective 01/12/22)
Q4/23. SLC full commercial production commences (est; 2-3 years from start of 1st decline)
(High grade, low output. (Possibly mixed with existing Telfer grades))
01/11/23. Panorama mining rights expire
Q1/25. NCM may acquire additional 5% interest
Q3/26. Block Cave Mine (BCM) construction begins (access and ventilation shafts)
2028. BCM production. (SLC and Bulk Mining, operating in tandem)
2042. S

sincere apologies! My original post disappeared into the ether and hid there while I re-wrote it all out again.....Mutley?
Z

https://greatlandgold.com/wp-content/uploads/2021/09/20210909-GGP-Announcement-Havieron-Exploration-Update-jorc.pdf

Page 1: " Eastern Breccia extended to over 600m in strike length..."

Page 2: "A further 18 holes have been completed and await assays, anticipated to be received and reported in the next update..."

MidasMac: The PFS isn't a decision to mine (perse), it is, in this particular instance designed to assuage NCM shareholders as to why NCM has thrown hundreds of millions @ Havieron and expedited the earthworks (leading to stoping) only 2 years after discovering the resource. It will form a major part of their early DD.
The 'big bucks' decision will be after the FS when a unanimous decision must be made between NCM and GGP to build the Bulk Cave Mine in a few years time.
Z

"Eastern Breccia extended to over 600m in strike length." Page 1.

" A further 18 holes have been completed and await assays, anticipated to be received and reported in the next update.." Page 2.

https://greatlandgold.com/wp-content/uploads/2021/09/20210909-GGP-Announcement-Havieron-Exploration-Update-jorc.pdf

MidasMac - The PFS isn't a decision to mine. That is the role of the DFS next year.
The role of the PFS (in this particular instance) is to satisfy shareholders @ NCM that the accelerated rate of progress @ Hav is justified (IE: making the decision to dig the decline at very short notice (probably because of Telfer?) and to start stoping ASAP). It is to assuage NCM shareholders that the money that is being thrown at this project and at this very early stage (only two years since inception), is justified. Of course it will be positive. Too late otherwise!!!
The Bulk mine decision will be made post FS.
Z

To you...to me...
RK, I respect you too! But name me one II who has bought recently? If the volumes are borderline zero, the only institutions are mental ones.
How can any fund manager buy on behalf of their clients if the PFS hasn't even been published? Are they recommending Solg because it's a nice name? Where is their DD?
Z

"....I see no evidence of institutional buying..."

err...what's this then Hardy?
Z

Greatland PTY Ltd
Z

For quades, not you CD.
Z

Of course there is no I.I. buying iriot! We haven't had the PFS yet???
I.I.'s can't buy in until atleast the PFS, some only buy in @ DFS.
It's called due dilligence.
Duh.
Z

Chasethebag.

It is my understanding that they are negotiating an aquifer amongst other things whilst tunnelling.
As Bamps said a day or two ago:
..."The Decline speed is not likely to increase much until a roadheader starts
https://www.rocktechnology.sandvik/en/products/mechanical-cutting-equipment/roadheaders-for-mining/mr361-roadheader-for-mining/
It will be just moving forward hopefully 24/7 no swapping machines over, no bogger, no 360 excavator, no blasting, no waiting for dust to settle, trucks filled up by the back of the roadheader conveyor.
I wouldn’t worry too much about the slow progress at the moment, 4-6m per day will be a distant memory...."
It will come good when this portion of the dig is behind them.

VMT to the ggphelp team for another enlightening input last night...appreciated.
Z

These results (including the 18 pending assays are going to increase the MRE(inferred) by a significant amount, methinks. December is going to transform our futures.
Night all
Z

goldeni sorry

deni: GH has bought back in up to 10m ...again
Z

who is the guy with the beard in the video?
Z

yes working - tell him on telegram
Z

Is Liam reading telegram while he is on? If so, can someone on telegram tell him it is a buffering issue and also their volumes are down
Z