Member Info for zoros

$3,000,000,000 - how much dilution is that then?
Z

Red, if you stopped posting, two thirds of the’dross’ would disappear!
Please stay away, please?
Z

Unless you're Zahawi.....................
Z

Quady, in the space of just a few posts on here today, we have learned this:

You said @ 1104:
"...However if I am right we will end up building Alpala for just over 1 billion and getting a quick open cut and then become self financing for very little dilution to advance to a full block cave operation...."

and Sangha has said @ 1302:
"... the strategic review heralds the end of an era where SolGold was “pretending they were going to build a block cave” mine."..."

So what makes you think Sangha knows less than you do?

C'mon Quades, hands up, the game is over. Take it like a man.
Z

Copperpot and DBW - many thanks. I'm no longer interested in the day to day machinations of this dreadful company (Solg), as I was this time last year. I 'pop in' occasionally to see if the 'paint has dried' but alas, nothing / nobody has changed......yawn.
My holding has been consigned to the bottom drawer for better or worse in future.

Regarding this article - it tells us more about what is/was going on inside Solg than the last 10,000 posts! Very interesting - and puts a number of issues to bed for me.
What it doesn't do (obviously - because Maxit Capital have pulled out now) is tell us what could/may happen in the aftermath of the CGP/Solg combine. Damn!
A very good find - thanks again.
Z

DBW - who exactly is making this statement and what is their conclusion???
Z

My neighbour has a Tesla. During the cold snap a few weeks ago, he couldn't get into the damn thing because the door handles wouldn't pop open because of the frost/ice! He had to use a hair dryer to free them up.
Z

Thanks for pointing out the change of mind from SD about the next MRE.
The roadmap has now been amended.

https://www.ggpchat.co.uk/viewtopic.php?t=564

Appreciated.
Z

The beginning of my post was meant to read:
I agree with what you said, sharketmare - with regard to SD's approach.

And now that Bamps has added to the conversation - it makes sense that SD's team has "matured" with the addition of our new BoD's, who are fine tuning GGP's approach towards transitioning from explorer through developer to miner.

Z

(The Solg forum has gone to pot).
I agree wrt SD's approach.
I've seen changes over:
When the decline reaches the motherlode.
GGP's plan to issue a Q1 MRE(3).
Aligning with NCM's future reporting timelines.
His agreement to toe the line wrt delaying the FS.

It's too coincidental that this has all happened since the new CEO took over (I accept that SB is still pulling strings until March).
My view: SD and SB just didn't see eye to eye behind the scenes. I will go further and suggest that SB occasionally and deliberately blanked/blindsided SD because GGP is a minnow/junior partner and needed to know their place. SD had to then take matters into his own hands (again - all behind the scenes) to steady the GGP shareholder ship.
Hopefully they are now on the same page going fwd. Both teams working in harmony as they approach busy times @ Hav.
The downside for us is that NCM reporting on HAV will not be as much a priority as GGP would like it to be - due to the other 5 mines it's running. This will probably lead to long periods of silence - something many GGP PI's don't like.
Roll on August!!! (maybe).

One conciliatory note to end on: The light you can see at the end of the 2800m tunnel is (glistening) gold, it is getting bigger and it will be mined by this time next year.

Keep those posts coming.
Z

Cracking post SM.
I wonder if it’s to do with the new CEO?
Maybe they did lunch together and had a good blow out!
Z

Thank goodness for that!
Thought you’d changed your spots for a moment :)
Z

Bamps, is someone imitating you on advfn:
https://uk.advfn.com/cmn/fbb/thread.php3?id=42315532&from=28215
Z

Kevin - happy to change it. Where is the reference for the next MRE due in august please?
Z

JAN 2023.

14/05/21. Decline commences. (460m deep / 2800m long).
15/07/21. Mine officially started.
03/03/22. GGP MRE2 published. [5.5mozAu / 218ktCu: 6.5mozAuEq].
01/07/22. 40Km growth drilling programme to end of 2022.
02/23. Scallywag and Juri results.
16/02/23. NCM Half yearly financial results.
Q1/23. Possible NCM MRE2.
Q1/23. GGP MRE3 expected.
03/23. GDXJ rebalance
27/03/23. NCM March Quarterly results.
Q2/23. GGP ASX.
Q2/23. F.S. Followed by Decision to mine.
07/23. Five Diggers 139m share lock in ends.
17/08/23. NCM Annual Results.
2023. Substantial growth drilling programme commences.
2023. Drilling commences @ Ernest Giles.
Q4/23. Exploration decline and ventilation shafts complete.
H2FY24. (01/24 to 06/24 inc). SLOS first Ore. First cash flow.
Q2/24. Sub Level Open Stoping (SLOS) construction commences.
Q2/24. First bulk production of Gold/Copper.
[Est production profile over 10 yrs: 25mt@3gAu/t / 0.44%cu] [2.4MozAu/109ktCu].
09/09/25. Co-invested Options (held by ‘new directors’ 9/22), tradable.
Q3/26. Possibly 2 Bulk Underground Mines (E Breccia and N Breccia?).
2028. B.U.M production. Operating in tandem with SLOS.
2036. SLOS estimated end of life based on: (4.2MozAuEq / 3Mt/yr / 12 years).
2053+. B.U.M estimated end of life.

Z

Having listened to yesterday's "Midweek Takeaway" this morning...............
https://audioboom.com/posts/8235686-midweek-takeaway-featuring-shaun-day-md-of-greatland-gold-aim-ggp

I have updated the Roadmap. Shaun slips in (@ min 4:00) the following wrt the decline:
1500m has been declared. Of this, approx 200m has been used for overtaking bays and spoil bays. So we are actually only 1300m down a '2800m' proposed decline.
So we have 1500m to go. Shaun expects us to arrive at the top of the ore body by....wait for it... early 2024. That means approx 4m/day decline progress. Well short of the advertised Byrnecut average rate of 5m/day. I was disappointed when I heard this.
Suggestions by myself (and others) of arrival @ the decline sometime between May and August is therefore way out.
What did cheer me up though, towards the end, is when he stated he can see himself holding a gold bar from Hav about a year from now. [Thankfully no change there then].
I have left the FS and DTM dates alone until I see/read otherwise.
ASX timeline seems nailed on.

to be continued........................................

Make no bones about it - GGP WILL issue an MRE(3) with or without NCM's MRE(2).
Once recent assays have been built into the existing Inferred/Indicated Resource report(s) and the original MRE increased, the data will be made available to GGP. Remember, he has reps officially inside the NCM research team, so effectively there will be no stealth tactics by NCM. [Which I suspect exist to a lesser extent while SB is running the show].
I also found 'Tildo's' 1156 post an interesting take on matters. I don't think the FS/DTM has already been built into the upcoming SP but I do believe GGP are still in the cross wires for a takeover@Hav from NCM / Wyloo at some stage.
Let's hope for a NCM MRE(2) next month.
Z

Hi antigua - SD will probably not be fully aware of when NCM decide to publish the FS. He'll be told when they are good and ready.
As I am sure you know, the purpose of the /a FS is to maximise value of the PFS. It is decision time to mine or not to mine. Time to review costs and engineering design. In this instance it is to optimsie the design/costs/issues of the SLOS.
So it'll have to come out before the SLOS is started!
I am going for May for the publication of the FS / DTM.
Best
Z

SharketMare - good post. I also 'infer' that they are warming the bell for a delayed FS. Can't see it being longer than a month or two, though - all for the reasons you have advertised.
Other obs from the report(s):
GGP calling it the 24th report from Hav. NCM calling it the 25th....tells me they're not fully joined at the hip, even though the info is 'irrelevant'.

Juri is a dud. Disappointing - Note to self: 'move on'.

Motherlode now 650 x 350 x 1400 and counting. Shaping up nicely for some serious Bulk Underground Mining in future.
Of this:
"...The subvertical southeast high grade arcuate crescent sulphide zone has an average thickness of 20m and has been defined over a strike length of up to 550m, and extended to over 700m in vertical extent below cover...."
I presume it is this which will be subject to SLOS. (comments?).

For those who 'still' query why the SP doesn't rise on this type of news.......it's the norm; why crank up the SP simply because the miner has updated us on their progress? Nothing earthbreaking (excuse the pun). Eyes on the big news: FS, MRE's and DTM.

Z

Correction to decline rate - should be 180m/month.
Z