This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

PUA - Peak Minerals

Jump to new
Re: HEG: take a captain cook of this nugget

Here is my link the biggest nugget ever found anywhere,anytime i get any doubts i go have a look at this whopper.630lbs

mr bruce says theres 5moz potential up there so thats good enough for me
plus my bro in law has been digging gold up there since the 70's & he reckons
5moz is a given.

 

Attachments

  • Bernhard_otto_holterman_with_630lb_gold_from_Hill_End.jpg
    516.2 KB · Views: 3
So in other words you have nothing but rumours?

When did Mr Bruce say that, in what announcement or media outlet??
 
prawn_86 said:
So in other words you have nothing but rumours?

When did Mr Bruce say that, in what announcement or media outlet??
Click to expand...
It's actually in the front of one of their presentations, but there's no detail as to how he's going to get there from the 100K or so they have at the moment. I assume to get away with it, he's extrapolating a current resource along potential strike. Obviously the problem with this is that the overall ounces are caught among various veins and there's absolutely no guarantee that they will be replicated, like the nice size nugget above. I reckon it's 98.7% guaranteed that there's more of those there.

I like tb's depth of analysis here, and I'm going along with him 100%. I don't give a hoot how the CEO came up with that figure, I believe him. And, since tb's brother in law is up there digging for gold, that makes it an absolute no brainer to me.

I'm backing up the truck with the margin loan on this one!!!
 
In all seriousness, I think the 5m oz au target needs to be considered much more closely. There really is no detailed justification that I can find for this target other than a one liner from the CEO in a presentation. I think anyone researching this should try and find how he's come to the number themselves, and if you can't understand how he's got it, it might as well be ignored. ASF members do like to do their own research, but also present research for others to follow and learn from. Just because it's on a presentation somewhere, or someone's brother in law says it's good, really doesn't cut it here. And finishing a post with DYOR does not absolve you from posting in line with ASF posting guidelines and code of conduct. Looking forward to seeing some real analysis appearing somewhere down the line. Cheers.
 
I own some so I can buy the Hill End coins from them at the front gate. I think they are going about it the right way though, unlike BDG (who by the way are looking like they will come good finally) who got the money first & then decided to see how much gold there was. Slow & steady, and surprising to the upside? Market cap is only $50M.
 
Latest from HEG:

- Hill End plant throughput doubles to average 70 tonnes per day.
- Stope production starts from first Paxton’s stoping block of 3,000 tonnes at 45g/t gold.
- Mining and processing moves to production status.
- Development continues to open Paxton’s and commences Frenchman’s access.
- Recent gold pour bars 20 and 21 containing approximately 270 ounces sourced from 1,042 tonnes of mostly low grade material at nominal 8g/t feed grade.
- Plant gold recovery continues at over 95%.
 
I've bought in to HEG in the last few days.

Does anyone have a comment on the large holder who keeps slowly upping their %, last report they were at about 19.35% ?
 
solomon said:
I've bought in to HEG in the last few days.

Does anyone have a comment on the large holder who keeps slowly upping their %, last report they were at about 19.35% ?
Click to expand...

I believe brian elboz is a property developer up at hervey bay from canada,not alot of info available on them other than they keep buying.

doubled their gold production in the latest report so things are looking pretty good with gold set to go back over the $1,000 mark

check out this report on HEG...TB

http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_1013.pdf
 
Go HEG!

I was pleased to see HEG go well today along with the other goldies.

Property developer as a large share holder sounds a bit worrying, what if a development comes unstuck or something he might need to sell his HEG quickly.

Is there any way we can find out if Mr Elboz is in good financial shape, I don't want to be in with someone who might be forced to sell!

Apart from this small issue I'm pretty happy with HEG and am looking forward to them going ballastic when gold next smashes through $1000.
 

Investing in HEG is better than investing in the USA markets. So that's a promising move. Although that still does not answer your question however.
 
There is a bit of a shake out of weak holders at the moment nervous that we will see a big selloff in the POG like last time we hit $1000. I admit I'm a little nervous, but if it holds above 880 I'm staying strong. What do others think?
 
solomon said:
There is a bit of a shake out of weak holders at the moment nervous that we will see a big selloff in the POG like last time we hit $1000. I admit I'm a little nervous, but if it holds above 880 I'm staying strong. What do others think?
Click to expand...

This is a bear market. Go by the Bear market rules.

This crises is only just started.

Fear is is in the air. Let the sheeple flee.
 
mmmm..... "one ounce 99.99% Hill End gold investment bars" - might use the stimulus cash from Kevin to get me one of these
 
Put me down for some of those, although a 10oz would be nice

 
Well I have hung in there with HEG and today has seen a really nice close at 19c. There has been what seems like some good news recently (I find it hard to make sense of the mine and the levels but any strike at over 400g/t even if short sounds great. So lets hope the gold price breaks out and HEG along with it.
 
Re: HEG-$2.65m placement to chinese investors.SSI

HEG recently did a placement to chinese investors sino investment services for 5% of share issue...hargraves drilling is now taken care of.

check them out...http://www.sino.com.au/


The Directors of Hill End Gold Limited (“Hill End’) are pleased to announce that they have
undertaken an excluded offer placement of 15.61 million fully paid shares at an issue price of 17
cents per share to raise $2.65 million, before the costs of the issue, which is managed by Sino
Investment Services Pty Ltd.
The funds secured will be applied towards an aggressive drilling program at the Company’s highly
prospective Hargraves BNH deposit and the extension of resources at the Reward Gold Mine at Hill
End. The first assay results from the underground drilling at Reward are expected in the next few​

weeks and the drilling program at Hargraves will commence in July.
 
Happy with the discount to the price over the past 30 days TB?

Maybe the negotiations were being made a couple of months ago?

I suppose it's good they get some cash in the bank.

I do wonder though when companies have to make such a donation. Sign of the days perhaps.
 
Re: HEG-yes very happy thank you,hi to sino

yep im very happy with the deal at 17c i think its a potential company maker with the hargraves resource taken care of in regards to drilling costs,the discount of 3c is not a concern,the fact that chinese investors are prepared to put their money in HEG is what i see as a real good sign.

put this way the deal puts it all over your mob DMM giving their company away,lets see what comes out of hargraves...stay tuned...TB

hargraves drilling program

A major drilling program of approximately 12,000 metres is planned to commence at the
Hargraves gold project, which is located 35 kilometres north of Hill End in New South Wales.
The next stage of drilling on the Big Nugget Hill structure will be approximately 6,000 metres
of combined diamond and reverse circulation drilling to cover approximately 1,500 metres of
strike length of the wide, mineralised BNH structure to the south of the previous program.
The BNH structure is over four kilometres in length, although only the central part of 1,500
metres strike has been mapped and partially drilled by Hill End Gold and previous explorers.
The target scope for the Hargraves project is over 10 million tonnes at 4‐5g/t gold.
This 6,000 metre program is designed to test the BNH structure over 500 metres of strike to
a depth of 150 metres or more on 25 metre sections and scout drilling for a further 1,000
metres to the south on 100 metre sections. The close spaced drilling is beneath outcropping
mineralisation and some high grade workings, such as the ‘Hill End’ shaft area. Mining in the
‘Hill End’ shaft was suspended in 1915, although ore from the bottom 50 metre level was
reported as containing fifteen ounces per tonne and in 1989 a two tonne bulk sample was
mined from this same level with the material reported to contain more than five ounces per
tonne, however previous explorers have not followed up with drilling beneath the workings.
Hargraves is the site of Australia’s earliest gold reef mining in 1851, when large pieces of
gold in quartz, containing up to 1,546 ounces, were discovered in quartz vein outcrops at Big
Nugget Hill. Rich alluvial deposits were also mined adjacent to the BNH deposit and many​
large nuggets were found up to 2,800 ounces of gold.
 
You must log in or register to reply here.

Similar threads

GYN - Graynic Metals
Replies
5
Views
6K
exgeo
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...