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First of all let me just say, great listening to that podcast, I still think SD is 100% the right guy to take the helm now at GGP without a doubt IMHO. Good down to earth sort of chap, and someone whom has great experience and worked not just in the mining industry to good effect, but other other industry sectors gaining a strong financial/ acumen of what growth of a mining company is all about given his experience at Newstar.
As to the fact of him not currently holding GGP shares, (As often is trolled on here by Timeserved) I'm not too fussed just right now as his options lets not forget start at a price of 25p way above the current SP, so that shows confidence does it not?
Shaun IMO clearly understands that in order to achieve the growth we require, also needs to gather together a team to support that growth, and that is his vision and quite rightly so. Great entrepreneurs, like Branson and Musk et al, always surround themselves with experts.
FFS Greb, listen to the podcast and SD states when. Do some bloody research yourself for once. If you can’t be ar5ed then sell up & stop whinging. You can lead a horse to water but you can’t make it drink. Sums up perfectly some who frequent this BB.
Yes MH01, the exit message for the multi deleted saddo I heartily agree with. He was the same as Nevergone, JVetch, Fallenpoppadom, Arnie etc etc.Sad existence for this loser who will keep coming back. Continually posts misleading or false statements regarding performance and share price, loves to distract the attention of the normal running of the forum. Reporting is key when he abuses this forum, which is most days. GLA genuine holders Viking
SD clearly states in the podcast at 42 minutes in, that all the drilling from the last 12 months will be included in the revised JORK estimate. I repeat ALL the drilling. That should put a few oz’s more onto the MRE.
Is TMT anywhere close with his statement:- “ If December's update takes it to 6 moz that would be superb. Anything over 5 moz would get us into Tier 1, by many definitions.
12-15 moz is highly likely to happen, and IMO perhaps significantly more. But it's not happening in December.“
Firstly Sandeep was hoping to bring the PFS forward to September and an updated MRE would precede this. Shaun has said a few times the MRE would be based on the original MRE. Most of the last MRE was based around the SE crescent with a few blobs around the Northern crescent, so that’s 4.2m gold equivalent practically booked. Hang on that was 6 months ago. What’s happened since? The grades within the MRE sulphides have increased significantly (from less than 5g/t down to 3g/t) and raised to greater than 5g/t. Gold ounces therefore will increase from 2.2m oz to 3m oz That’s not the end of it cos the sulphide volumes have also increased dramatically (I will come back with figures for that)
The last MRE contained a lot of breccia around the sulphides, what % I’m not sure but the volume will have decreased due to the sulphides increasing. The grades though within that area of breccia have increased with increases in concreted breccia. My original calculations for that volume from published figures was between 5-7m oz but a lot were left out after not reaching the cut off grades. Good possibility some of these will now have passed the cut offs. I’m estimating 4.2m aueq Plus 0.8m due to grade increase in sulphides Plus 0.5-1m increase in sulphides Plus 2m in the breccia Being conservative somewhere between 7-8m aueq indicated and will all depend on the cut offs in the shells which might knock of 1-2m.
There may be a chance of them just turning the 4.2 fro inferred to indicated but I doubt it.
The Inferred MRE according to Shaun in December will include this years growth drilling. What does that mean? This is the volume between 750m depth of ore down to 1250 or 1300m. There’s some fantastic long intercept drills in this , the SE crescent, Eastern breccia , northern breccia and northern crescent. The northern crescent from the June RNS has a huge blob of sulphides of about 150m diameter . If there isn’t 5-6m ounces eq in the inferred category I shall be very surprised .
The only way TMT will be correct is if NCM keep the lid on it a bit longer
Er yeah? What happened to all the hyping that it was going to land in September?? Losing faith in this board, if ya going to state something make sure you cold hard facts that it’s going to happen. So from saying it would be September we are only another 3 months out!!! Wtf pppfffttt
Timeserved….. politely “fcuk off” will you. You add zero to this forum. If you are not invested go away. Only losers spend their time on share forums speaking to strangers if they are not invested. Sick to death of you and the others who do the same. It devalues LSE.
zoros please stop the ramping and keep it realistic. no way in hell the resource is officially trebling this year. TMT is spot on. they have drilled the bejesus out of it for the 4.2mOz last December. this year the focus is on growth drilling, not infill drilling. if you are not a geologist then please do not ramp GGP, we've had enough of that the last year. this is a slow and steady race, not a sprint.
@Hydro I liked your first version better, mate, much more entertaining!
If December's MRE is 10 moz, it will be time to bring out that rocket, except that rockets don't go fast enough. I'll be absolutely shocked (pleasantly) if it's more than 7 moz.
I don't think Alpala is a worthwhile comparison, because 1) this MRE is being done by someone who actually knows what they are doing 2) I suspect JORC is rather more demanding than the Ecuadorean equivalent.
"Im expecting around 12 to 15Moz in the MRE in December issue. Do the maths."
Please don't expect that or encourage others to. There's not been sufficient infill drilling to justify that, and we're focused on growth drilling now.
Do you remember how much infill drilling they had to do to get to the initial MRE? Then, they did infill drilling which will take us from inferred to indicated. Where's that level of infill drilling been taking place outside the MRE envelope?
This MRE is unlikely to grow significantly until the exploration decline is finished and they can do the infill drilling at a significantly reduced cost from underground, IMO.
If December's update takes it to 6 moz that would be superb. Anything over 5 moz would get us into Tier 1, by many definitions.
12-15 moz is highly likely to happen, and IMO perhaps significantly more. But it's not happening in December.
Caveat: I've never invested in this kind of project before so my inexperience may be tripping me up here. But I don't think my research on this is lacking and I don't expect to be wrong on this one.
Enjoy Zoros... have stayed many times in an apartment just above the new Marina / restaurants.... Podcast very good ... SD is very enthusiastic whilst being realistic / honest to us PI's... GGP needs time for data / reports to be published- to allow the II's to Invest...... I have been here a few years + and topped up, but did not exit in the 20's or 30's. Now with family in and now starting University cannot wait another 2 years Intend to hold as long as possible......Wisdom does come from experience ie. poorly written emails, the realisation there maybe isn't big buyers in the dark pool holding our price back, 3rd party buy-outs and GH was 100% entitled to sell the shares in the company he developed for years......... Back to my day job....... GLA Rup
Concur mickey. I do find it strange though, that 3 brokers bave mentioned 11Moz since the original mre last year, yet only now is it crystalising in conversation. Im expecting around 12 to 15Moz in the MRE in December issue. Do the maths. More than that....and it really will be christmas! Z