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Hi Bamps,
Thank you, very interesting indeed.
Maybe you and Liam should do a youtube vid on GGP Chat Re: 'My calculations were based on 2 sized ovoids on top of one another, their 20m doesn’t include the gap zone whereas mine doesn’t and I’m at a range of 23-28moz'....with a few slides? that would be very interesting.
Yes I know ,it's all 'Unofficial as such' as yet ,but a well researched insight from yourself, is always worth considering.
Thanks for the insight Bamps. Every day here is a valuable school day when you post technical data.
Oops
their 20m doesn’t include the gap zone whereas mine “does”
Hi Jiffy
I just want to clarify what the 20m ounces is referring to.
This isn’t the amount of mineable minerals, it’s the amount of minerals in the ore body including the weak alteration.
Hydro posted on the other site a great piece about weak ore coming into play as the gold price rises.
I refer you to Telfer , where 4 or 5 years ago the mine was due to close in 2023. Weak uneconomic ore was known to exist and the price of gold used for the calculations was an average $1250.
The rise of gold to $1850 has brought that weak ore into economic viability.
At Havieron the calculations were based on a price of $1500 and is fine for the high grade gold as it’s economical value is much higher. This 20m figure is now being talked about because the weaker ore is now becoming an economical commodity but it’s still uncertain of the potential value until it’s brought into the reserves.
My calculations were based on 2 sized ovoids on top of one another, their 20m doesn’t include the gap zone whereas mine doesn’t and I’m at a range of 23-28moz.
My calcs were before recent increases in the ovoid sizes and I haven’t reassessed these sizes yet.
Hydro’s point is as the gold price rises further it brings more weaker ore into play increasing the 20m further maybe to my 28m .
This is still likely to grow my calcs are down to 1300m of ore but when I’ve calculated down to 1900m (maybe the deepest we can get to) the figures go over 40m and that hasn’t taken into account of the Eastern Breccia grades average being higher than the main ovoid or the fact Ggp seem to have used an average of around 0.6g/t to my 0.75g/t before the high grade in the northern corridor and great grades in the Deeps.
This is just getting bigger and better
Daveri007,
Quick back of fag packet calculation ,re worth of Havieron to GGP.
20m ounces spread over the next 20 years, not impossible but has already been alluded to by SD for Havieron alone.
Let’s say over the next 20 years from commencement of production.
20m ounces produced @ say $1185 / ounce net after an AISC of $665 assuming an average gold price /revenue of lets say of $1850 over 20 years.
That may well be worth, 20m ounces X $1,185 = $23.70Bn
$23.70Bn X 0.25% (GGP share) /4.20Bn GGP issued shares = £1.41
Discount it by what you like, but for me if all goes to plan , 50p is more than achievable at some point in the future for just Havieron alone is it not ??
No nerves here Melville, however I believe your point of capitalism 'taking money from the masses......' has one too many m s in the above.
So come on then Bondy, give us your expert analysis on why Havieron couldn’t possibly be worth £2B to GGP.
If Havieron proves up to be 20M ounces, then of course 50p is easily achievable.
Going along with firstmodern’s last post, I hope you don’t have an accident in the never regions otherwise you could star in ****topu55y.
007
How do see it,
Casino Royale
The Man with the Golden Gun
Or for you Gold Finger, but remember.
You Only Live Twice.
You aint getting 50p per share (mcap over £2billion) on Havieron alone.....will definitely need another exploration success like Havieron!....Time will tell
Hello Tom I hope you are well , I think we are all in the waiting room:))) waiting for the inevitable!
Good luck and happy driving!
All the best Ben
I like your style SAS - me and my good lady would enjoy cracking some Champers and Vintage Reds also - courtesy of GGP’s success of course!!!!
Ben / Davie hey, just catching up on post just to say Hi and how are you keeping.
Still awaiting some good results and happy to keep powder dry as they say.
Hope you are well and family.
ATVB
Tom :-))
That’s meant to read’ if I can trade a few and build up my pot’
Hi spades I make you right I would not accept the 24p offer but you know they will try it !
As I was saying about the beer tokens that’s for people who have bought a third batch after saying that’s it no more, but then have a dabble because it’s cheap!
Just like a bird goes!
Anyway I am here for champagne caviar and retirement as well, but in the meantime I can trade a few build my pot up more and earn a few beer tokens in between, I will be happy:))))
Good luck and happy trading
Strange how my post got removed for mentioning that GH and his entourage have sold a kings ransom.of shares .And for mentioning that capitalism is all about taking money from.the masses and giving it to just a few .Must have hit a nerve there ??
Hi Ben any offer for HAV will be monetary ie 1 billion plus, not a figure based on GGP share value, i would accept 4 billion pounds for HAV and that's just for our 25% not a penny less. DM
I find it amazing how some people here have been so price conditioned, to even think that an offer of 24p could actually be made, and worse still, that some would actually consider accepting it.
18 months ago, you would of been laughed off this BB, with even the slightest mention of such an event happening.
Just because our SP is now a long way from its ATH, do not think for one minute that we won’t get back and even surpass it.
Just as Tock follows Tick and night follows day, 50p and beyond will follow 38p, I have no doubt about it.
Just got to wait until production to start and then it’s game on.
Benrumpson, I’m not after beer tokens, I’m after the best champagne and vintage Red’s money can buy.
ATB
Wishin' and hopin' and thinkin' and prayin'
Plannin' and dreamin' each night of GGP charms
Progress of decline!!
And in my view the two bit’s of news that will make this 10p+ is an offer for HAV and it will be a cheeky one of about 24p and should be rejected and Newcrest confirming the 6.5moz!
All in my opinion
I think that’s quite accurate Ben
I think what we have here is a stalemate, the one’s who have invested in here are pretty balls deep and do not feel they can risk anymore ( probably have three pots one long term one trading for the 20p+ rise and one for beer tokens)
Now the volume has diminished and the day variation isn’t happening it’s stalemate until the next leg up or a new bunch of investors comes in!
Maybe ASX might be the answer , who knows!
Apart from that it’s wait until the next big bit of news, it’s coming!
All in my opinion of course
Just bought another £3k - bargain at these prices imv.
All I need to make money here is to see the share price keeping above the 200 day moving average all the time until 2024 as happened between December 2019 and January 2021. That way I wouldn't need any more patience. TA!
Sprout45, if your moniker was Sprout54 it could read SP routed.