Email Facebook Twitter

EXCLUSIVE: David Lenigas answers investor questions in a detailed interview about UKOG, Doriemus, LGC Capital, AfriAg and Angus Energy.

Member Info for MisterPositive

Send a private message to MisterPositive

Member Since: Wed, 16th Nov 2016

Number of Share Chat Posts (all time): 6,293
Number of Share Chat Posts (last 30 days): 754

Last Posted: Today 14:34

Post Distribution over the last 30 days

Today 14:34


You need to get more clued on mate.

Stop looking in the 'Rear view' mirror....this is the new GGP and going places.

Stock market Re-rates on future potential.....and GGP got plenty in the pipeline with lots going on:

* current Gold rush in Pilbara (WA)
* no major large scale Gold discoveries in last decade
* World's Top 5 Gold companies already operating in AUS
* Gold ounces depleting at some major gold mines

Majors on the ground in AUS near by.


Not ignoring interest from CHINESE....they just can't get enough Gold....

Nobody is saying 50p tomorrow ? are they....there is a trajectory here.

Follow the money & follow the Trend....simple.
Today 13:54

Yes, was watching Solg that day on my laptop.

kept waiting for it to re-trace, never happened....bugger kept rising......LOL

that was from 7p or 8p i think to 90p in just one day, before closing around 50p
Today 13:16

GGP projects link below provides a very good high level summary for each project.
Today 13:13

I see current strong momentum & sentiment to continue well into 2018. I am expecting this to hit 5p next week.

Below are just my thoughts and the trend I see emerging over next 12-18 months.

GGP has 6 x 100% owned projects not just 1 project to show for. 3 of those 6 projects are more advanced than other 3 who could be potentially equally big just at a less advanced stage.

1. Ernest Giles
2. Panorama
3. Paterson (Havieron)
4. Bromus
5. Firetower
6. Warrentina

I expect either initial JV or majors taking full ownership with an 'all-cash' offer of first 3 on the list one by one, starting with EG with Panorama to follow next and then Paterson. As GGP passes control to the majors (more than 1), they can then focus on the bottom 3, repeating the same cycle/success as for first 3 on above list.

I see first 3 projects each with a potential +10m oz Inferred resource, may be more. Newcrest Telfer gold mine had 27m oz alone, but mine life is almost coming to an end. So Newcrest also must be on the look out big time, to replace depleted Gold oz reserves on their balance sheet.

My hypothetical 'SUM OF PARTS' potential valuation for ALL projects comes to approx. 50p a share.

1. Ernest Giles.......15p
2. Panorama..........10p
3. Paterson............10p
4. Bromus................5p
5. Firetower..............5p
6. Warrentina...........5p


Above are just my own thoughts and how I see things playing out in next 12-18 months.

Sat 20:04 my view this is absolutely a


SOLG MK2.....coming up folks
Sat 19:48

Newcrest owns Australia's 3rd largest Telfer Gold mine.

"As of 2016, the forecast mine life for Telfer is 2021 for the underground operations and 2018 for the open pit operations." they are close to exhausting their Gold reserves from Telfer after 40 years of Producing almost 27m Gold oz.


How do Newcrest replace OR bring NEW Gold deposits to replace Telfer once it shuts down ?

I am sure Newcrest would be more than happy to pay few extra bucks for either EG or Panorama.

Could lead to an interesting tussle between Newmont and Newcrest to secure that next potential Multi-million oz Gold deposit.

Who will show their hand first ?

stay tuned....
Sat 17:47

GGP commenced drlling at EG on 20 April and within just 4 weeks on 16 May, they sign up this NEWMONT agreement.

That was a bit quick don't you think ?

16 May 2017 RNS......

"The results from Newmont's work should significantly enhance our understanding of the Ernest Giles greenstone belt"

11 Oct 2017 RNS.......

"Mineralisation was observed in 13 of the 23 holes and several holes exhibited gold anomalous zones over tens of metres"

"Greatland's successful efforts to date have highlighted the potential of the Ernest Giles project to host several, very large, mineralised systems."

..."and confirms our previously stated view that the Ernest Giles project has the potential to host several multi-million ounce deposits."

P.S: Could NEWMONT have been sharing results of their work with GGP ?

Just a few thoughts.
Sat 17:19

Panorama looks to be WORLD CLASS DEPOSIT.

* 20 New gold anomalies across the licence area
* the presence of historical gold mines immediately to the north of the project
* the presence of coarse grained Archean sedimentary rocks with a strike length over 18 kilometres from north to south across the project.

..."We believe that the Pilbara region of Western Australia has the potential to hold some of the largest major gold deposits in Australia and we look forward to updating shareholders on our progress."...

Update this week would certainly get the juices flowing.....

I am sure NEWMONT & Other Big Majors will also be monitoring progress at Panorama closely.
Sat 12:59

Take Over price for whole of GGP will require estimated valuation of all projects (Risk adjusted), which are at different stages.

That would be the 'SUM OF PARTS' valuation.

* Ernest Giles
* Panorama
* Paterson (Havieron)
* Firetower
* Bromus
* Warrentina

First 3 we know are ACTIVE. They seem to be chipping away also in the background with other 3.

HUGE upside......looking to DOUBLE my holdings at current silly prices before they run away.

Sat 11:55


Great post @ 11:33 Friday.

Agree INFERRED MINERAL RESOURCE estimation will be a good metric to compute theoretical Valuation for EG.

Agree also that NEWMONT will probably use MIRAMAR MINING 'Take Over' all-cash price (US$1.52 Billion) as a rough guide to put a Value on EG and then work out 50% or 60% JV offer price adjusted for Higher Gold price in 2017 vs Oct 2007.

"The project has indicated and inferred resources of 10.7 million ounces, according to Miramar�s Web site."

To use MIRAMAR US$1.52 Billion Offer price as a rough guide, GGP will need to provide 'indicated' and 'inferred' resource estimate.


Sign up for Live Prices
Top Recommended
Hot Chat Topics
Top recommended posters in the last 30 days

Member Login

Forgotten your password?


Don't have an account? Click here to Register Free!

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.