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Thanks for laying everything out bamps, really does boggle the mind all the different avenues available for potential revenue! Does make you wonder what the ultimate MC/SP could end up here!
Shorn, if I may offer an alternative opinion - Canaccord's note calculated an SP of 25p based on 11moz (bottom-up NPV). So it doesn't seem unreasonable to suggest that the current SP already assumes 10moz, i.e., far in excess of the current MRE level (3.4moz), and possibly in excess of the December update.
Devonkid. Mainly by semaphore…..
Look at the NC announcement, it’s all there.
Hi Devonkid
No experience of a PFS either but 100% has to be a
written report for dissection by the industry / market.
Shorn. Simply there is a year of drilling to go in the second MRE and if you have been following the drill results you will know that they have been quite good….
Then if you know how to value the deposit and the exploration upside and appreciate Bamps and others calculations then you will know what’s in the price at 22p. Answer: not much.
If you need more info it’s all on Ggp website, NC website and the ggphelp website.
But please don’t rely on this board. Dyor.
My guess is that if you haven’t been engaged for last 6 months your position is small and irrelevant to you.
Can someone tell me in which form the PFS will be conveyed, will it be a verbal presentation or via RNS? If a verbal presentation does anyone have any idea how long it is likely to take?
Have no previous experience of a PFS so was just wondering.
Ggp is not a one trick pony
Havieron:-
A multi speed development of a major mine, a joint venture with a global mining company. A leading expert in underground bulk caving.
Gold resources could range eventually to between 12-28m oz plus major copper resources and also large credits from other minerals reducing AISC costs like cobalt resources.
PFS could be issued any day now, a major milestone.
3 new targets surrounding the Havieron ore body.
8-9 drills still working 24/7 to define the extent of the ore body
The Decline a few weeks ago had progressed 129m through soft rock, so needing support work . Rock expected around 330m then large roadheader due after that.
Juri jv:-
Paterson Range East:-
Multiple gold / copper targets 12 known at present, initial drilling results have found gold intercepts at Goliath and Outamind.
Waiting for Los Diablos results
Blackhills:-
At least 6 targets including Saddlereef (A29) 1400m long gold target one end poking out of the ground suitable for open pit.
Additional gold intercept found below existing intercepts could be another reef zone.
A Telfer lookalike target hopefully.
Gold, copper and silver target.
Saddlereef south target added
Also Parlay a bullseye feature on top of a main fault line. Now shown as 2 targets Parlay and Parlay North.
Waiting for results of Parlay drilling,
Panorama:-
A very long Paleo-placer goldfield in the 2 northern licences. Gold rock chip samples over a strike length of 6.1km following 2 fault lines
The southern licence contains historical cobalt samples over a very large area
Scallywag 100% owned:-
At least 12 known targets the majority of which are sat near fault lines.
Drilling of Swan and more geotechnical surveys due
Barbossa west being drilled
Rudall :- 100% owned
Bullseye feature under explored , geochemical surveys due this summer
Ernest Giles:- 100%
2 x 5m oz targets identified plus numerous 1m+ camps of gold deposits
Large licence which lapsed has been re acquired with an additional joining licence.
The length of Ernest Giles compares to around 2/3rds the length of the M25.
Bromus 100%:-
A mainly nickel discovery underexplored with some gold, very close to infrastructure
Warrentina 100%:-
A 10km north to south licence with 4 goldfields and existing mines.
1m+ gold ounces identified
Ready to be divested.
Firetower:- 100% owned
5 exploration zones
1m+ gold ounces identified
another 1m possible
plus zinc
Possible sale/ joint venture
Canning
2 Licences applied for and 100% owned Taunton licence
Tabletop 1&2 very exciting targets
Pascalle 100% underexplored licence between Telfer and Havieron
"There’s mineralisation in every drill. "
Exactly.
If it walks like a duck and talks like a duck ( or whatever the phrase ) .....it's probably an elephant.
@jerryspaniel
MRE - doubled in December announcement and not priced in the very recent SP increase.
That as a result of some maths or what the board feels is the case ?
I am not de-ramping just trying to get a sense of the wiser thoughts on this board at to likely upcoming MRE uplift ??
ATB Shorn
Lutely even ! Lol
Hey Mickey
Abso - bl**dy - lately ! :-)
£1.44 + is my thinking !
Be criminal to settle for less !
We’ve had a 35% rise Tymers in two days , it’s positive and justified imo
Nice post Panama , loved the NR analogy . Buckle up for next week imo.
James.. no idea, but the expectation has been building about the PFS, I will take it as it comes, but others may be expecting more than we get !
Of course the market understands what we have released to date and once official PFS and FS released they will move but not on the back of retail investors on a public bb saying my intel knows. Suggest retail investors stick with if they had one original investment strategy and ignore others wishes for you to hold buy sell sit bla bla that's theirs not yours period
Hello All ,
I see a lot of new posters appeared and alsorts being said about possible this and potential that and why is our SP so low if findings are so great ..
I agree with JS that we are potentially vulnerable to t/ o , whether SD wants it or not! But that aside we should stand firm and believe in what we’ve got ! Possibly an elephant of a gold mine where elephants are now utterly rare !
The fabled Great Banker and financier , Nathan Rothschild , noted that great fortunes are made when cannonballs fall in the harbour , NOT when violins play in the ballroom.
Basically Rothschild understood that the more unpredictable the environment , the greater the opportunity- if , that is , you have the acumen and the skills to capitalise on it !
So .. moral of the story is , wait , sit on hands , reap the long term rewards . Easier said than done but you know it makes sense ! Just believe in what’s happening around you. There’s mineralisation in every drill. The market does not understand what we have. We are only scratching the surface.
. There’s always smoke n mirrors when cannonballs fall in the harbour !
Good luck all. Lots of news upcoming !
ATB
Panama.
Shorn. More than double and none priced in.
Some really important facts will come out of this PFS.
What yearly tonnage will the current Decline be able to deliver ?
Will they project forward and suggest a second Decline ?
Transport, Road Haulage or begin to invest in a Direct Railway to Telfer?
Timeline to first commercial pouring and the Striking of SpeedyMeadies
Commemorative Gold Coins ?
What AISC will they settle on ?
I know it's only the beginning of the journey in designing the mining plan but it will infer so much detail of Newcrest's inherent confidence and perceived value of Havieron.
Could be a great week ahead, GLA.
Chester.
Curious to know what would cause people to be disappointed, realistically.
There hasn't been anything bad come out of Havieron so far, so expecting no disappointments PFS wise.... can't help an almost nervous/excited feeling though!
What the markets make of it though will be another matter, however quality always shines through and long term the sp is only going one way.
@TT
Been an investor for a while but have not followed the board for some time (around GH's departure).
Are there any thoughts (from those wiser than me on this board) on the increased size of the MRE ?
And to what extent might some of the increase already be priced in the current SP ?
Sorry in advance if this question is a repeat and going over old ground.
ATB Shorn
Me too. I don’t think we will be,
but I have stopped guessing what the market reaction might be. Long term we can be sure of good things.
I really hope we and the market are not disappointed !
Could be epic. So let’s talk GGP and not get dragged back down in to squabble. I’m wondering if we might hear about outstanding holes this week, and thinking it could have a good reaction to the SP, either way I think this week is going to be fun. GLA
26p average for me ha ha but looking forward to this week and the next few months ,and for the first time ever feeling confident