Member Info for zoros

TMT - what I meant by "done all they need to do" is that, there is nothing 'new' left to do @ Hav that NCM can't do in future (IE: they can do the rest of the proving up / MRE's / FS and production.
That's what I meant.
Paddy - I hear what you say and yes there is no doubt that a 30% return on 15 to 20MOz going fwd as a JV minor partner would be very nice thank you very much, but 'possibly' GH may want to unhook from the tie in and concentrate full time on Scally (assuming it comes up trumps of course). He wouldn't make this decision obviously until he knew Scally was a certainty and then and only then might he disconnect from Hav for a very very lucrative offer.....
It is only an option that I would like to air to the board.
Thanks for your respectful responses...I understand now that this might not be the favourable one ;).
Z

Afternoon Tymers - hope you're well.
IMO - GGP have done all they can do @ Hav now. It would make sense for them to agree with NCM that a 100% buy out is the final destination rather than holding onto 25% (after the last 5% has been purchased) forever. Scally could be what GH is planning on....for the future as it is a 100% owned op. The bucks from the buy out funds the project. Just an option?
Z

on a couple of posts, that PI's should be aware of:

First one just mentioned by Bamps regarding the purpose of the decline (apart from the obvious). NCM have mentioned that the decline will penetrate to 420m. They have stated that it will generate income during the early stages as Bamps explained just now. This income and the effect it will have on further reducing the overheads @ Telfger will affect the overall AISC which I estimate is ngoing to now be well below $1000/Oz ($600-800???). So income will trickle through as of end of 2021 with the main income 2 to 3 years after this.

Secondly - I suspect Mercedesman's post @ 1151 this morning has gone over eveyone's head??
I think one poster responded.If this comment is remotely true - we could be in for a big and pleasant surprise early next year. It would tie in with what GGP are all about which is exploring, NOT producing/ Please GGP..... do not go down the route of becoming a miner....perleeeze!
Z

https://ibb.co/nrnjKMg

Z

Don't forget....as John Meyer stated on his latest audio interview - ARCM may well get an offer (farm in /JV/bid..but they might not like it!! What will they do with the unemployed geologist then :)
Z

A reference for newbies and a reminder for anyone else:
https://www.vaneck.com/etf/equity/gdxj/overview/?country=us&audience=retail

While I am at it, a big thank you to AM90, Hydrogen and correct me if I am wrong, but the maestro who flagged this up in the first instance....ChristopheB (I hope I am right there????)
Z

Link please CB1984?

I thought you meant this one:
https://www.youtube.com/watch?v=Q34v4V_Fxds
Z

sch i te on this board today. (Your words I believe SM).
See the old school next week...FFS!
Z

Evening Colonel and Earthling - I concur with both your answers.
Solg - has to be THE best thing that has happened in mining for donkeys years. Stonking results and much much more to come.
But listening to everyone's take on why it moves like a sloath, I have been convinced it is exactly what Earthling has just mentioned: The venue and the Funding. I will add one other.....the mining plan because the answer to the funding and the mining plan is - there is no funding and there is no mining plan. It will all be revealed we are led to believe by NM ....in the PFS/ DFS/CFS.
And these little beauties are being delayed time and time again. If all the ducks behaved properly and lined themselves up in a well defined line... this mine ain't going to be producing income until 2027 at the earliest.
And THAT is the reason why the MM's have kicked Solg into the long grass for the foreseeable. They have nothing to hang their hats on.
Until late next year when these events occur - only a JV or a takeout will 'rock the boat' and wake the market up.
If PI's can go the distance, they will become very rich people, there is NO DOUBT.

And so I say again: Time is more precious than money.

Z

Phew - that was a busy morning eh?
But the old girl has settled at a more comfortable figure for me anyway - more in line with what she is actually worth, not what all the hot air projected it to be.
So 28 - 30p is what I was working on and she is currently at 29p+. What a robust stock.
So we've taken a deep breath and now it's time to deep dive back into the maths, suppositions, guestimates and probables.
So here goes for the rest of december.
Brilliant Scally news: +2.5p
GDXJ re-rate: +3p.

Deep dive.......................:
MMRE: shows that out of the crescents, 2.2Moz inferred.
Out of the breccias: 1.6Moz.
Total 3.2Moz [4.2Moz AuEq].
Quote from MMRE:
"...The Inferred Resource is centred on the South East Crescent (2.2Moz) and adjacent Breccia and includes a portion of the Northern Breccia (1.6Moz). ..."

Outside of the Inferred Resource, mineralisation remains open within four target regions identified: South East Crescent and Breccia Zone, North West Crescent, Northern Breccia, and the Eastern Breccia..."
So the NW Crescent, the remains of the N Breccia and the E Breccia have yet to be MRE'd.
IF....IF they find the same here, as they did in the SE crescent and breccias, then:
Remainder of N breccia - suggest: 0.5Moz Au
E Breccia: 0.8Moz.
NW crescent: 2Moz
So we have an additional 3.3Moz to declare at the next MRE@Hav.
Hav then weighs in @ a very healthy 6.7Moz overall.
This would add another 30p in value.
Hav would then be looking @ an SP of around 60p alone.
Then there is scally........................
and so on and so on.....

Z

Steve Hi. It's agenuine Q from a genuine poster, so if I may, I will try and answer from my piddling little perspective on this.
The maths do in fact show the MCaP of this minnow to be 'perceived' as bloated. As I, too. calculate the SP to be around 25 to 28p in reality if it is to reflect the MMRE.
However, it isn't a simple as this with Hav, is it?
Since the last NCM quarterly report was published, the market is now in possession of the following facts:
Our broker estimated 3.4MOz already.
There is a major onboard who has funded most of the drilling.
There is a plan to produce.
All permits have been approved.
Additional resources have been discovered and yet to be determined.
Additional tenements are looking favourable.
PoG on the rise.
PoC on the rise
AISC @ Telfer very competitive.

So when the market looks @ GGP it doesn't 'just' see a MCaP based on the MRE, it asees the rounder picture.
So for me CURRENTLY (taking ONLY the MMRE into account....25 to 28p is probably worth 28p to 30p. [Based on all of the above].
NOW - we build on that with Scally, GDXJ, this year alone.
Next year we will see further MRE's on other sites.
I project an SP of 33p to 35p by year end, based on good assays from scally and additional rerate on GDXJ.

Hope this assists your thinking.
Good to see you about!
Z

NCM holding fast @ a 2% dip on the ASX. Bodes well for us.
Z

My take on the grades - having spent years on Solg!!!
The grades at Fwiji are VERY promising indeed. Definitely worth further investigation.
The other site...Muswema...not so...uneconomic at this low grade.
BUT one has to factor in, the way they plan to mine it. If it is open pit or even bulk...it could be economic to recover all the copper from both sites.

Question (out of not being able to catch up yet)...why were the intercepts a miniscule length? Tens of metres, even less in some drill holes....totally uncharacteristic.
Have I missed something...perhaps these are test drillings to lay out the core?
One needs a hundred metres plus to be viable IMO.
Is this where AA come in?
Z

Hi Chippy. I'm a glass three quarters full. I was trying to block out what might really happen!!
So I went half way!
If I mention bigger figures...the GGP Police will hunt me down and report me to the Spymaster for a spanking.
Of course I want this to open up.....but........methinks the message will take a little longer to sink in with the MM's.
Great news though that ARTEMIS Resources have bigged GGP publicly about their results....we need more of this.......
Hold tight tomorrow...........................maybe?
AIMO of course.
Z

Opulentia - you know what they say though don't you:
A bird in the hand is worth Katie Bush......
55p now or £1.55 in the year 2028?
Z

Tx Tymers for that.
Z

I would remove any stop losses you have tomorrow.....could be an expensive long term mistake.
Z

I am posting the sch ite that Spymaster says I post...(with amendments) from my earlier update:
I have also included the copper resource too!

I take this away with me from the MMRE:
3.4MozAu. 4Moz AuEq.
Bulk mining will reduce the AISC
Processing plant already operational @ Telfer...further reduction in AISC.
Only LESS THAN half of the four zones reported in the MMRE.
All zones open in depth and breadth.
Above average Au grades.
High average CU grades in the crescent. (0.6% @110Kt).

Tomorrow:
Because I think that the MMRE is already priced in, I am expecting a retrace (along the same lines NCM are experiencing right now) by UP TO 5%. But this will recover with the incoming news over the rest of this month.

Hold tight. This is NOT for the nervous..............................or those with allergic reactions!

How would you grade my sch i te now Spymaster?
Z

Tymers - Of course it is all supportive of extracting the gold.
I have re-read the RNS again and will put my hand up and apologise for my comments on the copper overall - I zoned in on the breccias and not the main crescent. The main crescent is quite satisfactory for the copper grades. I humbly apologise.
Too much Barollo.
Regards
Z

Tymers - can you see the grades? On the whole (there is the rare exception, most copper mines regard <0.5% as 'low grade'. Admittedly there are some copper mines out there running @ 0.2 and above but that is because the environment makes it easy for them to recover it.
Hav is indicating junk levels below 0.2% and nearly all the grades are coming in @ less than 0.5%.
Yes there is 160Kt of it but it is 160Kt of mainly low grade copper indeed.

To end on a high - the GOLD is very satisfactory however and blows Red Chris out of the water in this regard (ironically Red Chris Cu is quite a sound grade).
Z