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Why Newcrest got to get this right comittment to Telfer 182 million dollars for the next 2 years, and the spend on Havieron.
You don't spent that amount of money on a failing operation unless you are 100% and the board are sure it's going to succeed.
Newcrest Mining
Pre-Feasibility Studies Overview and Q&A
Sandeep Biswas, Managing Director & CEO
Tuesday, 12 October 2021
10:00am, AEDT (MIDNIGHT TONIGHT 00:00 HRS BST)
REGISTER HERE:
https://edge.media-server.com/mmc/p/hxfet37c
Greatland Gold
'Investor Meet Company' Presentation and Q&A
Tuesday 12th October, 2021
09:30 AM UK BST
REGISTER HERE:
https://www.investormeetcompany.com/greatland-gold-plc/register-investor
Shaun Day is also expected to be interviewed by Andrew Scott of Proactive during the week.
Trundle along Mr Trumble, we have all the relevant information required from tried and tested sources.
GLA
Also holding 1.48 ave quite happy to wait to production and beyond, it’s just nice knowing you’ve got it sitting there in these uncertain times!
Looking forward to the next 24 hours. GL all holders whatever your goal (personally waiting for us to produce and hold out for a dividend)!
Let's cut to the chase Trumble, what sort of price drop are you hoping for? Very transparent to say the least.
Viking
Zoros, both the Canaccord and H&P notes account for tax (see page 2 and page 11 of the reports respectively). It's not true to say that the notes don't account for tax in the NPV. The canaccord note and H&P notes differ for a host of reasons despite having a similar estimated number of gold ounces. A big difference between the two is the annual production. Canaccord estimated the SP based where throughput varied and 25p wasn't the lowest case. That 66p estimate was based purely on the average EV/ounce of Aussie mid tier miners at 12.5m Oz. The difference between the two broker notes (25p vs 66p) on very similar number of ounces shows how you can play with the numbers and make it fit your own point of view. Someone could be really negative about the SP estimate and use canaccord's note and call for 14p on 15m Oz and 5mtpa throughput or use that same note but say 33p on 15m Oz at 12mtpa. Or, you could go even further and use 66p just using 12m oz gold and USD696/oz. Could predict the gold price will be higher and make even higher price targets. Who cares. The PFS is coming out very shortly and will make the brokers notes fall in line closer with one another once the variables become fixed/better known.
Also, the PFS will be based on drilling up to March 2021, not 2020. Not sure if you made a typo or not but the MRE was based on drill results more recent than March 2020. The PFS will use the infill and growth drilling up to Mar 2021 to inform the indicated resource estimate. Lots of drilling between March 2021 and Dec 2021 but not as much as your suggested March 2020-Dec 2021.
@jerryspaniel
I asked a simple & reasonable question, and got the following response from you...
"So shorn at the recent low you had over £180,000 invested in ggp but you weren’t paying much attention. So are you very rich or very stupid? Possibly both."
So jerry being invested here is a stupid decision, including the decision you made ?
Who the "f" do you think you are, me thinks you are bit of a - t w a t !
Beware, I remember reading your post.
Almost 12 months ago last Oct i posted.
“I don’t think it will be too long before we hear about an extension to the processing facility at Telfer.
If you look at the amount of ore that will be heading their way i reckon they will be at full capacity for the next 30 years and that will be just Havieron alone let alone what we discover elsewhere!”
So yeah i agree!
BTB
Query: Tax?
Query "time value of money".
The former is never taken into account for any NPV's because it differs, dependent on the personal circumstances on the company paying that tax and any offsetting it has, or credits. Silly idea mentioning tax??
The latter.....sorry, don't speak Irdu.
Z
I really don’t care…
I won’t be selling until Hav gold it being produced at Telfer!
The value here in the next couple of year has got to be above £1, surely?
And that’s without any discovery at the other GGP sites.
Zoros, briefly, I chose Canaccord as it was the most detailed report. I used many of their inputs when preparing a bottom-up NPV model that I now use to view different GGP scenarios.
As has been mentioned on many occasions by other posters, the twitter table misses both tax and the time value of money - if you exclude those two aspects a 25p NPV becomes 65p, so their exclusion has a very significant impact. I haven’t looked closely at the Berenberg report, although their 50% risk factor seems somewhat arbitrary, so have always viewed their ‘unrisked’ number with some caution.
Might catch the odd tree shake!!!
so we have one day before update ? bummer
SB did say in a Q & A earlier this year that Hav may support a stand alone operation in time.
Could be 3, 5 or 10 years time, who knows?
Sounds like a cracking question for Shaun at the Q & A session Tuesday morning?
QF....interesting and well spotted. This issue has been raised in the past by shareholders and indeed by Sandeep himself. Currently there are two 'trains' (production lines), each capable of approx 12Mt/yr. Sandeep mentioned that one train could be committed to Hav alone (foregoing other mine inputs), due to its future volumes.
He also mentioned that approx 2Mt/yr would flow from the first stage mining @ Hav.
This would rise to 20Mt/yr from BUM (bulk underground mining) years from now....and this is where Telfer might need an overhaul.
It's not just 'volume', remember....it's also the grades too......
So 'maybe' an enlarged Telfer in years to come, eh?
Z
Telfer Telfer...bloody predictive text!
Upon disseminating all data given by eminent and trusted posters on this fine board, quite frankly I feel that Telfer in its present form will be overwhelmed by the amount of ore to be processed in order to reach forecasted levels of gold, copper and other PMs to be extracted. This begs the question whether a new processing plant sited at Hav would be a cost effective option especially necessary in order to reduce AISC and therefore making the plant more profitable?
This indeed would be a pleasant conundrum to behold!
GLA
Hi Trumble......I think you'd fit in well as a stockbroker, chatting to other stock brokers but as you well know, we're not stockbrokers. If you'd 'popped in' more often, then you'd know that I guess. Your last sojourn to LSE was 5 months ago?
So let me enlighten you (but using proletariat parlance):
Canaccord gave 25p in June. Others have also made bids, the highest being 29p by BB.
Hannam have quoted 33p. Take your pick. Only Canaccord advised a speculative bid, the others unanimously: "Buy".
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=GGP&share=Greatland-Gold
I'm an advocate of brokers (boo) because they know more than the punter does and they feed my DD, but I also know their limits. This year even though GGP's fundamentals haven't changed, the broker notes have. They have dropped their recommendations simply because sentiment has dropped.
Sentiment is now back. Broker notes will be back too, to reflect this change in sentiment. Broker prices will lag the market but they will be higher now the dust has settled.
Here's the crux Trumble, using one's own calculations for the SP...post the MRE(inferred) in December, suggests the SP has a long way to go yet. Rather than give you my calculations (I am sure yours are just as plausible), I think this example more easily demonstrates them:
https://mobile.twitter.com/Robbiebobby1/status/1413167025644580869
Remember, the year started with a broker note of 66p for 12.5MozAuEq and you have chosen the lowest broker note for the year (june) of 25p for 11MozAuEq.
Nothing changed or happened officially in between those two very different notes @ Hav, so why are you biasing towards the latter?
If you are well immersed in this stock....you wouldn't have posed your conundrum, perhaps.
Or...perhaps....................... :)
Z
Strudel, I'd say common sense can take you further than any geological knowledge can provide. You rightly saw the notion that Havieron wasn't related to the magnetic/gravity anomaly would put into question the strategy of exploration geologists around the region (including newcrest and rio tinto). Common sense would say that the real geologists know that they're doing, so I stick to what they say/do. That being said, some targets might not have a magnetic high but those might be targets for different styles of deposit which would be produced under different conditions and give different responses like magnetic lows. Some targets might also have magnetic lows but then are magnetic highs just below surface such as Tama, A11 and A9 targets in the Juri JV. Either way, they are iteratively reviewing data after each drill programme. You'll notice prefect has been removed as a target. It seems they've refined the exploration targeting somewhere around the first few Juri results. At the same time, they've added a number of targets so I'm confident they are not just drilling blindly and have some data behind their decisions. That being said, you've got to have a little bit of luck!
A 5%gain or at least no drop.. And I'm happy
Get ready for the craziest EVER on this enthralling journey to life changing gains . Good luck All.
Stock will shift
Hi Malva,
Thanks for answering my gravity plus magnetism query from a couple of days ago - I was worried that much of the good ore at HAV had no signature that could be detected from the surface.... but you assured me in my geological ignorance that this is not the case.
It would have made finding HAV a very lucky fluke with HAD005's results, and make finding the next HAV utterly impossible - unless you believe in luck. I prefer more application of engineering and analysis when picking the next bit of outback to drill.