re: + kalkaroo and other deposits + RepeatI think, one needs to...

re: + kalkaroo and other deposits + Repeat

I think, one needs to look at HAV as a whole:
1. First they have extensive Uranium exploration interests and these are presented by Curnamona Energy which will be seperately listed:
http://stocknessmonster.com/news-item?S=HAV&E=ASX&N=142360

That ought to bring in quite a lot of cash while HAV maintains a majority holding. I am assuming that current HAV holders will get a priority allocation, however, the listing itself ought to do well anyway.

2. HAV is currently drilling for gold at the promising Portia prospect as well as for the much lower grades of gold/copper at another prospect (Portia North). I would think that the latter can be combined with the proven up prospect at Kalkaroo.

3. Kalkaroo deposit. Still open and drilling is proceeding and gold grades are increasing. So, the resource study will need to be upgraded.

At the moment it has 0.9% copper and 0.43 gr/t gold as well as some molyb. The following companies (except NCM) are TSX registered.

Alumbrera, which tends to throw out an annual profit of some $US350-$US400 mill/year, working in a remote area, has 0.48% copper and 0.53 grams gold/t:

The Govt takes 20% of the profit before tax:
So, we have $US677.5 mill profit before tax,
deduct the Govt's 20%, leaving $US542 mill. Deduct say 30% tax to leave the other partners about $US380 mill.

It is an operation in a very remote area, they use a 316 km slurry pipe and their power comes through a 202 km line.
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NNO's deposit has 0.4% copper, 0.23 gr/t gold and 0.037% Molyb.

MDN's (CAN$5.17) massive Prebble deposit has 0.3 gr/t of gold, 0.27% copper and 1.15% Molyb-It is still working on minor items and permitting.

NCM Telfer's deposit has 1.4 gr/t gold and 0.2% copper; mining has commenced.

Nova Gold's 285 mill tonnes Galore Creek has 0.44 gr/t of gold, 5.7 gr of silver and 0.73 % copper.

Most of these deposits would have a low waste/ore ratio and this reduces cost. HAVA's ratio is a low 1.4:1 and the surface is soft. (Does not require blasting).

So, yes, there are a few porphyry deposits around with low grades but size and a low strip ratio overcome the cost of development.

HAV is still working on data so it is too early to comment. They may wait till they get more data from the Portia copper/gold prospect or any other prospect they can find to boost the tonnage and reduce costs.

In the meantime, drilling at Kalkaroo is proceeding. Who knows what the final size of the resource will be like.

As mentioned, gold and copper grades are improving considerably:
http://stocknessmonster.com/news-item?S=HAV&E=ASX&N=143579

Yes, there will be an interval between proving up the resource and mining. Normally, as the date of mining approaches, the share price rises.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.