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Whilst dectupling is good for the wallet. Sextupling sounds more fun :-)
@Tig "almost certain doubling /trebling, quadrupling ( I do not know the next 10 words in the sequence )"
Quintupling
Sextupling
Septupling
Octupling
Nonupling
Dectupling
We don't want to extend to duodecuple or tredecuple because of the chance that some bakers may be invested here and might get confused as to what's a dozen. The last several are not, I believe, usually used in verb form, but then, Havieron need not be limited by "usual." Gervaise Heddle already burned through all the usual superlatives.
Perhaps what you really want is centuple, or even milluple (also known as a chiliad). Think "millennium" for that last one and you won't even have to google it to find out what it means.
Maths is fun.
Worth noting the difference between GGP and some of the companies cross-ramped here. We don't have to worry about the null tuple.
Lenze im sure berenberg used $1400 an ounce on their calculations on every estimate
Berenberg have 4.3Moz @ 2g/t at approx 50p (un-risked). So very roughly 5p per Moz @ 1 g/t. 25Moz could end up 125p+.
And that is their revised estimate after the gold price dropped, initially they came out with 33p at 50% discount, and 1g/t is very conservative. So that is nearer 6.5p per ton at 25 tons ...... £1.625 @ 1g/t .. I think it will be more seeing the grades they are hitting on a regular basis !
You wish !
PLUS + PLUS + PLUS - Bazzaman.
Proactive are known for their regular and reasonably accurate comment on GGP ( and others )
But rarely have I seen a better summation ( 12-03 pm today ) from Proactive, ouzing unrestrained enthusiasm for what must be the finest exploration company , rapidly ( and I mean rapidly ) morphing into a JV Miner with the splendidly cooperative NCM. I all probability one of the finest fully financed , with fully available processing plant just down the road , with every drill sent down,coming up with more and better results that are expanding the initial MRE at width , length , depth indicating almost certain doubling /trebling, quadrupling ( I do not know the next 10 words in the sequence ), of the likely size of this amazing discovery. Very few others in the Globe to even compare.
A brilliant Proactive summation............ but not even a stirring, - a murmur - a twitch , in the GGP SP.............................Why not ???????
And the one area that Proactive have failed to mention in their report are the string of potential add on Hav 2's, 3's etc. Still to be proven ......... but sitting on adjacent territory believed to probably be a total goldmine.
I await with huge anticipation the day this monster breaks loose .............which it will. Paddy can retire, - Speedy can give me a run round the Channel on his MTB , - and we can treat GH to lunch at The Mitre. Has to be this year.
TTTTTTTig.
Shame I was hoping it may silence some of the guys on Hot Copper
No - it's due West of Havieron, right underneath where the original field camp was (which is now the core-yard)
A very astute piece of writing.
I can live with that !
Spymaster25
I will crack open a bottle of champagne with you at that price and raise a glass to GGP
Be a pleasure…..
Paddy is that near Artemis??
At least another 30 months
Great article by Alastair Ford and it seems like it had quite a bit of help along the way from Shaun - getting the feeling that things may be starting to simmer up quite nicely beneath the surface.
I have done a couple of Twitter posts with some videos/images to illustrate the new drill pad that strudel noticed yesterday on the radar image. It's at least 2km to the West of the main Havieron ore-body so looks to be a possible starter drill into one of the other targets that NCM have been talking about in the last few reports. I was fully expecting them to start to the North of Havieron as we know they have shown interest in that area before but I'm absolutely pumped to see what they turn up over to the West.
https://twitter.com/paddygall1/status/1404778658045255682?s=20
GLA - Paddy
I would settle for that, but what do you class as long term Spy ?
As I said earlier. Long term target for me is 150p.
"Some analysts think that at that point, or possibly even before, Newcrest will make a generous bid for the company, and pull the whole show 100% in-house. But the offer would have to be pretty good, because Greatland has reached a size and scale now that it could quite easily participate in any development, especially given how low the costs are going to be as a result of the proximity of infrastructure. This is not a company that is going to be scrabbling around for funds any more."
I have a great deal of respect for Alastair Ford and I've always believed that Newcrest would make a bid for 100% of Havieron (that doesn't mean we'd take it of course!). In fact Ford himself stated that he believed that would be the case many months ago.
“It’s unique in the world that I’m aware of to have an asset of this quality next to existing infrastructure,” says Day.
Given the emergent size of Havieron, which is already pushing past 4.2mln ounces of gold, it would probably have got built anyway, but the existing plant means that the internal rate of return is going to be several orders of magnitude better than it otherwise would have been.
“The expectation,” says Day, “is that a final investment decision would follow relatively closely on the completion of a definitive feasibility study that’s due in calendar 2022.”
This uncommon run of successful exploration, skilful deal-making and continuing and ongoing upside in spite of the immense value that’s already been delivered is what lies behind Greatland’s punchy £850mln-plus market capitalisation.
Newcrest is proving to be a great partner for the company, and has provided loan finance to allow it to keep up its end of the development costs. But once the decline reaches its objective and the time comes to start mining into ore, what will the future hold for Greatland.
Some analysts think that at that point, or possibly even before, Newcrest will make a generous bid for the company, and pull the whole show 100% in-house. But the offer would have to be pretty good, because Greatland has reached a size and scale now that it could quite easily participate in any development, especially given how low the costs are going to be as a result of the proximity of infrastructure. This is not a company that is going to be scrabbling around for funds any more.