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Thanks Mercedesman, yes haven't been as active on here for a while. Nice summary and on reflection with your comments we are in a far stronger position than back in April 2018 to be fair. There are more options on the table now, if/when we hit another bullseye to process the next stages of drilling and funding. However there is such great potential upside on further projects let alone an ever expanding HAV. As I have said before, HAV is the foundation block to GGP.
I defo need a fresh pair of boxer shorts ! :)
Oh !!! And the MM's will not be able to smother that SP, come hell or high water.
Tig
Mercedes. - You are spot on. Any uncertainty that could be attached to GGP is riding on the back of Havieron.
Any really positive strike in Scallywag or Rudall for that matter, will not have to carry the load of only 30% ownership, or much doubt about gold / copper content.
So following a good SP rise on the next Hav. assay results, and then on the MRE, and then on any Hav buyout, ----- s significant start to Scally assays will be stupendous. Even I would not dare hazard a guess at the SP 12 months from now, - except that I know I am on a very , very, substantial winner .
Tig
Some may say unlikely, but they said that at 0.6p to me too
Just need a little patience ; )
Thats about 20x from here
So Mercedesman if we hit 5 billion market cap, what share price would that give?
i just did :-)
GCane. think you need to do some research.
meant, thanks Schlemiel
As odd as this might sound, i actually think that more value could be attributed to the next find, than the Havieron find, for the simple fact that we will have the funds to take it to MRE 100% owned.
That will be a truly epic achievement for an exploration company that had a mcap of £3m quid not so long ago! imagine owning another 5-10m oz deposit, 100%, at $2000-$2500 an oz Gold.
That's when even Mickey's numbers start to look conservative, and the term "dream" will garner a whole new meaning to the lucky ones in here.
thanks FM
Newcrest June Quarterly Results : 23 July 2020
sorry, what's expected on the 23rd, FM?
And only 15 trading days until the 23rd.
Hi mercedesman
Nice summary!
The waiting game is in play now!
Cheers
Stout
Hi Deserttrader, not seen you around for a while, in answer to your question, i think the value to a strike at Kraken or Goliath will be attributed far quicker than on Havieron, as there is a clear route to monetisation and financing now, that we did not have back then. also we did not know what we had At havieron, where as now we understand the geology a whole lot more. From the markets perspective, this takes out a lot of the associated risk that was factored in on our first find.
I posted this a few days back...
"When discussing the possibility of Scallywag or Goliath striking similar mineralisation, and what the effect of that would have on GGP's SP, consider this...
When we hit Havieron, there were many unanswered questions, how would GGP fund the drilling, who would mine it, where would it be processed, would we need to dilute further? As time progressed these questions have been slowly answered, leading to the steady rises in the last 12 months or so, but it was slow going before that.
So what would be different if Scallywag or Goliath struck?
In my opinion, if any of the initial DDH1 drills show similar mineralisation to HAD5, you are going to be in for the ride of your lives.The market will instantly price in the fact that...
- GGP will be able to fund ALL further drilling to get the project to MRE stage (aprox £100m) with the proceeds of Havieron sale/part sale.
- once at MRE this asset could be worth multiple billions to GGP as a 100% owned deposit
- GGP will be able to agree on a toll processing agreement with Newcrest at Telfer if they decided to mine, or sell the lot to the highest bidder.
So if Havieron is worth £1bn to us at 30% ownership, arguably a few stellar cores from either one of the two immediate projects, could propel GGP into an unimaginable £3bn-£5bn valuation in double quick time.
In terns of Share price action: the Havieron discovery was a smoking gun, the next one in comparison, will be more like a volcanic erruption."
I think if we get some good results from Kraken or Goliath we now have the benefit of hindsight and the knowledge gained from Havieron. The market also knows what happened regarding Havieron and according to our CEO Newcrest were not the only interested party in Havieron.
Mercedesman, some very valid points. Do you not think if we hit bullseye on Kraken and Goliath, we are not really going to see true value of them until further down the line. Am not sure an extra 15-35p is going to be added after one or two sets of drilling at those targets, We started drilling HAV in April 2018, two batches of drilling results before NCM started the farm in, in QTR 1 2019. Its only in the last few months have we seen the true value of HAV come alive.
Still cant get my head around the proposition here
Minimum value on Hav (de-risked as per broker note) if all else fails = 25-30p, more if we mine it.
Then we have Kraken and Goliath being drilled, this year! If even one hits, we are looking at 40-60p
If both hit....... well i think i might just pass out
Top slice... not a chance
De-risk... in your dreams
Top up... if only I could!
Mind blowing!
if you can see the freckles on the arses of the rig operators, i will direct debit you the subscription cost myself!
Sorry wrong board
Hi Spratt.
No mate - I hadn't heard about that. I assume that will be a subscription service to get that level of detail.
Worth keeping an eye on for developments though.
New £431m market cap @ 12p
Me too! Which Broker? lol