Member Info for zoros

Morning Bamps. If you're going to mention Solg, you have to compare apples with apples, I suggest:
Solg has a 'measured and indicated' MRE x 3, @:
10Mt Copper
22Mt Gold
100Mt Silver

GGP has:
4.2Mt Gold
16Kt Copper
@ inferred level only (MRE x 1).

Neither have gone deeper than 1200m presently. So who knows where the boundaries are at either.

Quote:
"...Alpala has produced some of the greatest drill hole intercepts in porphyry copper-gold exploration history, as exemplified by Hole 12 (CSD-16-012) returning 1560m grading 0.59% copper and 0.54 g/t gold including, 1044m grading 0.74% copper and 0.54 g/t gold..."

Let's hope both find more as they expand over time!

Z

RK - Lasso isn't a fan of Open Pit mining...
https://www.mining.com/ecuador-holds-election-closely-watched-by-global-miners/
Let's hope he changes his mind then....
Z

Take over..... what take over?
Z

Bablake....His previous interests included fishing.....You don't drink 'Evian' backwards do you?
Stick with Bamps...you're in safe hands.
Z

Nice one squirrel!
Z

and drill bore diameter?
Z

And can we change the effing headline of this thread, now...I am no longer cheerful!
Z

Bamps - give me an answer regarding the MRE's will you....perlleeeeze?
Z

Speedy - I am going to stick my neck out and suggest GGP will ask NCM for the symbolic first pour @ Hav in Q1/22. It will come from offtakes the moment the decline completes and before serious stoping occurs.

Hit me with your rhythym stick...hit me...hit me....hit me.

Z

SW - I respect your credentials.. So can I ask that you respect mine when it comes to research. This is not my roadmap. It has been built by those who 'know', or atleast are closer to the hub than you (and I ). I simply facilitate that map.
Let me ask you this...you said:
"...Your "updated roadmap" said and I quote; "Q1/22. SLC (5-6M tonnes/yr) (or Stoping (2M tonnes/yr)) commences @ main ore body." This is the key stat I objected to in your timeline. If they are SLC at 5-6Mt/year from Q1 2022, I will eat my hat. And yes I mean a yellow hard hat made of plastic. So are you going to modify that?"...
Why did you choose to hang your (plastic) hat on the SLC choice (which you say is not feasible) and completely ignore the Stoping option going fwd (which is feasible)?
You go on to state:
"...It's kind of irrelevant really to get too hung up on the short term production though. Whether it starts in 2022 or 2023 is largely immaterial to the inherent value. The initial stoping production will be very profitable, for a few years, whilst the caving infrastructure is developed..."
From that very statement, you say early results are irrelevant...and then end by saying initial stoping will be "very profitable". The stoping is happening in Q1 or Q2 2022....that is not far off....make your mind up..is it relevant or not? I believe everyone here wants to know that in well under a year from now (and using your words)....stoping activities will be "very profitable".
Every conceivable time line @ Hav has been broken....why should that suddenly come to an end, I ask?
I also ask that (a) you take this into account when calculating your own timeline ....and (b) you offer the 'glass half full' response rather than putting a downer on the roadmap, full of negativity.

Now - while I wait for Bamps to respond to my MRE conundrum...... what is your take on the inferred and the indicated happening in Q2 or Q3?
The masses want to know :)

Best
Z

Oh dear, where do I start?
Firstly SW, do some reading up of recent posts. In them you will find:
My original roadmap(s) were based on actual commentary from Sandeep and or SD...fact.
Secondly, after further deliberation with Bamps, the only area where we differ is whether there will be an MRE (Indicated) and a MRE(inferred) at or around the same time frame. I await Bamps response before I modify just this aspect of the Roadmap.
Further - read Bamps post @ 1158, in it he states:
" It might break the World record if they can handle the situation but I would say December to complete it. It's in writing that the vents start December.
First production conservatively I would April to June by that I mean stoping the SE crescent i.e. 2m tons per year. .."
This is his interpretation of 'production'. I anticipate earlier at the rate Byrnecut are going (and as you say they don't hit major problems). So Q1/22 is a possibility. However, my roadmap shows Q2/22....same as Bamps prediction. So you are outnumbered SW.
The decline was estimated @ 3000m by Sandeep in february of this year. I have since changed it listening to others...to 2800m. Where have you got 4200m from???? Way out.
Finally you mention full SLC two years later.....voila, my roadmap shows Bulk mining in 2024.

Funny how my roadmap got 24 then?

DYR SW.....it's not difficult.
Z

Bamps - what is the diameter of all these bore holes NCM are drilling as a part of the 65Km exploration plan? How much of the 65Km is directed @ Hav?
Z

Bamps - thanks for the response. With respect to my learned gentleman, I will 'simplify' your replies so that the rest of us (proletariat) can understand it!
I think thee and me agree on December for completion of the decline (probably earlier as discussed before). So that will stay on the existing roadmap. If/when Byrnecut ramp up progress, I will amend.
Test samples could theoretically be collected from offtakes, almost immediately...January at the latest - yes? It is these samples which theoretically and symbolically could be used to make the first 'pour' - yes?
MRE(s) - I will take your word for it and modify the roadmap to suggest only the 'indicated' or MRE(2) will appear. The inferred they talk about comes later - yes? The reasoning behind this being that the MRE(2)Indicated is needed to add weight to the PFS. We agree on the PFS being September so I will not change the roadmap in this regard. However, if you think it more realistic, I will move the MRE(indicated) from Q2, to Q3 - yes? (It appearing in july or august).
The MRE(inferred) can also move right to Q3 (late august, early September?).
Completion of exploration decline - no change.
First pour (symbolic) - no change.
MRE(Indicated, Q2 to Q3.
MRE(inferred), Q2 to Q3.
PFS, September, no change.

Keep it coming.....
Best
Z
How's that look

Morning Bamps - thanks for feedback. I will do my best to accomodate any changes you suggest that fit in with what Sandeep and SD have said...hopefully we will then get a better picture for the roadmap.
So let me dwell on the decline progress rate you suggested earlier..8m/day. (250m/month).
At this rate it would mean roughly 350 days to complete the 2800m of decline. I entered this into the roadmap a while ago. Since then other posters have suggested a variety of rates and in fact the latest one from Paddy on twitter shows a phenomenal rate of pogress which I find almost impossible. Instead I have taken an optimised rate of around 350m/month instead of your earlier guess of 250m/month. This brings the decline to the ore body....in December 2021!
This is where I get my December from. Now there are others (Byrnecut included) who think even 350/month is not enough. So arrival of the exploration decline could be november or even October! I'll stick with December until matters firm up - yes?

Other 'sticking points': MRE's.
Sandeep and SD talk about a MRE update on the inferred @ the SE crescent. (IE: making it indicated instead of inferred). They also talk about a new 'inferred' MRE for the northern Crescent and breccias. [Page 11: https://greatlandgold.com/wp-content/uploads/2021/04/GGP-Corporate-Presentation-April-2021.pdf]. I have listened to both speaking about delivering these in Q2/2021.
I stand to be corrected if you think (a) they may be one and the same....and (b) they may be later. Your views?

We're getting there.

Thanks for all your help.
Z

Hi Bamps, I have been monitoring your mining updates for some time now - you too are very enthusiastic. I will just add the following....
I have been very very careful to develop the roadmap from presentations, quarterlies, RNS's, podcats, interviews and believe it or not from certain geological information that you and others - post.
Nothing is made up. If anything is incorrect or misguided...you need to take it up at source. The roadmap has been running for some considerable time, I am surprised you have only just queried it now....Please feel free to 'modify' the roadmap - it is for all to appreciate..and I will adjust as necessary.
In response to some of your issues:
At 8m/day (your figures), the decline will take a year. Hydrogen (I believe) has quoted faster drilling by Byrnecut, which means well before that time frame. Even earlier than December was mentioned. Paddy has stated on twitter that they have completed a significant distance with the decline already since May 9th (way beyond 8m/day). This is not 'mining' as we know it and I assume everyone else knows this too. But NCM will be sampling high grade mineralisation at that stage, will they not. And from those 'samples' they may well pour gold if only symbolically. I go onto list that the mine will be constructed later (after all the permissions and approvals) and from Sandeep himself in his last quarterly update:
“...Mass production is expected to continue over many years as a consequence of bulk mining. As the mine expands, more income will be generated and this is expected to commence around late 2024…” I can only quote what he actually said. Or we can believe Hannams?

I am open to suggestions Bamps....
Best
Z

Evening all. Enjoy your bank holiday weekend. Blazing sunshine on Sunday!

Food for thought:

2021. 29000m Cascabel resource definition drilling. (Tandayama A / Aguinaga).
05/21. Awaiting Tandayama assays for holes 8 – 10. Expediting additional drilling.
H2/21. MMRE for Tandayama.
2021. Porvenir. Updated drilling programme, 25000m. 112 man camp enlarged.
29/3/21. Blanca (Cerro Quiroz). Assay results, holes 1 - 4. Only hole 4 reported.
2021. Blanca (Cerro Quiroz). 3000m extended drill programme. (3rd visit to site).
29/3/21. Porvenir (Cacharposa) holes 5-7 assay results. Holes 8 – 11 assays pending.
Q2/21. Porvenir MRE.
29/3/21. Helipuerto project. New Tinkimints prospect.
05/21. FNV $50Mn deferred loan due date.
05/21. M D and A and Quarterly financial report.
2021. Blanca (Cielito). Assay results holes 1, 2 and 4 completed.
08/21. M D and A and Quarterly financial report.
Q3/21. Sharug project 3000m drilling commences. (Water licence received 03/21).
Q3/21. Celen project. 3000m drilling commences.
11/21. M D and A and Quarterly financial report.
Q4/21. Alpala PFS.
2021. Chillanes. Ongoing access negotiations continue with local communities.
[Highest Cu results from any Solg project in Ecuador].
2021. Timbara. Continued mapping and sampling.
Q4/21. La Hueca. Early reports inconclusive. Further drilling commences.
Q4/21. Varela (Rio Amarillo) 12km drilling programme starts. (Possibly Q1/22).
Q1/22. FS (DFS/BFS).
2022. Sinking of ventilation shafts @ Alpala. (3yr completion period).
2024. Renewal of Cadastre lease agreements on various tenements.
2028. Alpala first production from Block Cave mining.

Z

ProfQM: try this
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

and then add this....latest price paid for gold in the ground: $580/oz.

Z

BTB - across six sites: ranging from 4.28% up to 8.25% up.
Z

TGIF. G&T in hand, sunny evening...reasons to be cheerful..............
What's this I see...22p. And in 7 months time we will be pouring first gold. So QED, I presume the SP will change from 22p to (at the very least) 66p according to the brokers. Will this stock 'only' be 66p on production...really? 7 months to triple your investment.
In the next 5 weeks, we have this:
11/05/21. MSCI quarterly index review. (effective 01/06/21).
Q2/21. MRE(2)Inferred for SE Crescent adjacent Breccia/Northern Breccia.
Q2/21. MRE(Indicated) for SE Crescent and Breccia.
09/06/21. NCM Interim report.
06/21. GDXJ quarterly rebalance. .
All of the above is quoted from Sandeep, SD or the markets. All fact.....all triggers to whet the MM's appetites.
Could the SP be around 30+p by the end of June? Really? Surely not?
After that, we have the PFS, FFS!......40+p.
And finally that gold coin with GGP on it, to remind us of our journey.
All of the above is fact, Sandeep and SD have confirmed it. There is no second guessing, there is no maybe, no luck. It is time to embrace the news, good results and well deserved returns.
7 months......................tick, tick, tick.
[And no mention of regionals!].

Another G&T, I believe........aaaah, sundowners.
Z

Food for thought - bank holiday weekend...enjoy.

Q2/21. Refined and remodelled drill testing @ Scallywag (Swan / Teach / Architeuthis).
04/21. Juri JV drilling commences (Goliath / Outamind / Los Diablos / Parlay).
NCM invests $3m over first 2 yrs. $17m over following 3 yrs.
03/21. NCM seeking approvals and permissions for underground mine @ Hav.
04/21. Rigs at Paterson Range East and Black Hills. (Tama, N5,A9).
11/05/21. MSCI quarterly index review. (effective 01/06/21).
Q2/21. MRE(2)Inferred for SE Crescent adjacent Breccia/Northern Breccia.
Q2/21. MRE(Indicated) for SE Crescent and Breccia.
09/06/21. NCM Interim report.
06/21. GDXJ quarterly rebalance. .
22/07/21. NCM June quarterly results.
11/08/21. MSCI quarterly Index Review (effective 01/09/21).
19/08/21. NCM full yearly results.
09/21. NCM Interim report.
09/21. GDXJ quarterly rebalance. .
28/10/21. NCM September quarterly results.
11/11/21. MSCI quarterly Index Review (effective 01/12/21).
26/11/21. Firetower/Warrentinna mining rights expire.
05/21. [Exploration decline commences. 420m deep / 3km long @ 8m/day*].
* (250m/month (Sandeep)..but Byrnecut the miners have the record @ 700m/month).
Q3/21. Possible admission to GDX?
Q3/21. Havieron PFS. (On completion, NCM will own 70% Hav).
H2/21. Drilling programme commences – Rudall.
12/21. GDXJ quarterly rebalance. .
12/21. Option for NCM to take over management @ Juri JV.
09/02/22. MSCI quarterly index review(effective 01/03/22).
Q1/22. Exploration decline and ventilation shafts complete.
Q1/22. SLC (5-6M tonnes/yr) (or Stoping (2M tonnes/yr)) commences @ main ore body.
12/05/22. MSCI quarterly index review(effective 01/06/22).
Q2/22. First pour? High grade, low output.
Q3/22. F.S. Decision to bulk mine (as a JV) to be made by NCM and GGP.
11/08/22. MSCI quarterly Index Review (effective 01/09/22).
Q3/22. Bulk mine construction commences. [Additional 1200m deep / 8km long @ 8m/day].
08/07/22. Bromus mining rights expire.
10/11/22. MSCI quarterly index review (effective 01/12/22).
01/11/23. Panorama mining rights expire.
Q1/25. NCM may acquire additional 5% interest.
Q2/25. Full production commences.

Z