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This part says it all …
n what can only be the beginning for the asset, Greatland last week unveiled the extraordinary results of a pre-feasibility study for a fraction of the ground it covers.
The work revealed that mining just this one small part of Havieron would cover the entire capex for the project, creating a launchpad for future growth and early cash flow.
Lenz, way too much information ;-))
Tig .. sometimes the carrot sometimes the whip ;-))
All good tig as they say in ggp land "no worries"
Lenz, You sound like one of my old schoolmasters at Christs Hospital. ( in the early post war 50's .
Thank you - Sir.
Tig
Tigg I agree with this
9 And should we by then be finding lots of other sparkling potential prospects, and doing more JV deals with our Telfer partners, who knows. My knowledgeable contacts tell me much of this is on the way. NCM / GGP are months ahead of us pi's on the news front. Be patient. It is going to happen. so lets have peaceful and courteous debate. This is the most exciting share that in 60 years investing, I have ever seen.
But I would go further, all the necessary report are in place (in draft form) for Havieron, and being updated all the time as required. My evidence for this is the way NCM are pushing the project, if Havieron did not have all the surface infrastructure of Telfer then the share may still be worth 0.16p, but both GGP and NCM, know a lot more than they are allowed to say due to market constraints. We know that they assay all cores on site with the technology they have, so while awaiting the official assays they are updating there plans on the basis of this information. No BOD of a multinational company will spend the money NCM is doing without the bean counters saying 'yes go ahead' at each stage.
For us PI's of GGP that intend to hold long term, minimum 5 years there is no problem it is just a waiting game
Nicely done Tig ;-))
Lenz, - your accurate corrective post has caused me to edit and adjust , for which - Thank You.
I have now done a re-edited version.
Tig
7 POG is currently oscillating around £1800. Most knowledgeable pundits ( hi Speedy ) reckon the POG is going to take off in the New Year. £2000 / $3000 .....who knows ? But if it does ...Whow !!. And the same attitude applies to CU. Whow !! And maybe NEW MINERALS .... Nickel ???...Cobalt ???
NCM own Telfer which is running out of feedstock. GGP can and will supply feedstock. They need us as we need them. Tons more feedstock has yet to be drilled for, measured, authenticated and that will keep Telfer and its 1200 employees running for another 40 years and more.
8 Because of this, progress is moving at a ramped up high speed. The end of 2022 - early 2023, Telfer will be starting the processing of the available 20 M.tons per annum of high grade GGP ore and it will be generating large revenues. Revenue will transform GGP into a huge unique miner / explorer. GGP have the debt finance available from the banks. The institutions will then be moving on GGP in a big way .......and hey presto !!.....the SP will be reflecting that.
9 And should we by then ( we probably will ) be finding lots of other 100% owned , sparkling potential prospects, and doing more JV deals with our Telfer partners, who knows. My knowledgeable contacts tell me much of this is on the way. NCM / GGP are months ahead of us pi's on the news front. Be patient. It is going to happen. The future is very bright. So lets have peaceful and courteous debate. This is the most exciting share that in 60 years investing, I have ever seen.
Patience. It is all going to happen.
Tig
Tig no worries mate, but that assessment of 20m tons is way off and could be classed as ramping, let’s try and keep it to what we actually know ;-)
lenz, if gold takes off the sp will take off.
Lenz, - You can correct me all day long and I will happily accept the corrections. At 7-30 in a morning, in full literary flow , where it is the general mood of the post I am trying to create, the odd incorrect data may get accidentally included. And I apologise.
I know this board pretty well after 6 years on it ( I think ?? - I was a previous ii man until they screwed up ) and I know well those who I respect.
Tig
Dodge .. tigs post had inaccuracies which should be corrected as I have already stated .. politely
i actually think this will push higher today looking stronger to me
LSE Board is a tool. Brokers need activity . Clients are encouraged to trade
to survive. Trading is gambling. Gambling is a vice. The weak ones pay the price.
Great post Tig and food for thought for those newer posters who might be swayed negatively by the vociferous doom-mongers that currently infest this board. With so many of my co-LTH's deciding (wrongly in my view) to take their musings to Telegram, we need more voices of reason to counter the lies and deception on this LSE board.
I would add...
10. Fully funded, with our JV partners funding aggressive drilling campaigns not only at Havieron, but Juri as well. Incredibly low cash-burn considering we currently have no monetised assets and are drilling holes in the Paterson on 3 fronts.
SD's at the wheel - roll on Wednesday.
GLA - Dodge
The writing is on the wall for all to see, it’s just how quick you can focus on it , it’s happening and I’m convinced more is known about this area of mining than is being released, it takes time to realise the risk of this now collapsing is now extremely low , so get in before it’s out of reach ?
Tig, a refreshing post - much appreciated and certainly summarizes the short to medium outlook for all new and potential investors.. We are maybe a little optimistic on processing the ore by late 2022/early 2023 - I think the PFS suggested first full year 2024 - happy to be corrected.
There is so much to review over the coming months, very exciting.
Tig where are you getting the 20m tons of high grade ore from .. SD says that in the FS they will be saying 3m tons from the start of mining .. that’s end 2022 if we are lucky, it will take a good few years after that before we can get anywhere near feeding a full Telfer train of 20m tons !
Apologies, - The board size cut my last paragraphs of,
Good wishes to all, - and well done Speedy , -- hope the bungalow is large and luxurious.
Tig
NCM own Telfer which is running out of feedstock. GGP can and will supply feedstock. They need us as we need them. Tons more feedstock has yet to be measured, and that will keep Telfer and its 1200 employees running for 40 years.
8 Because of this, progress is moving at a ramped up high speed. The end of 2022 - early 2023, Telfer will be processing 20 M.tons of high grade GGP ore and it will be generating large revenues. Revenue will transform GGP into a huge unique miner / explorer. GGP have the debt finance available. The institutions will then be moving on GGP in a big way .......and hey presto !!.....the SP will be reflecting that.
9 And should we by then be finding lots of other sparkling potential prospects, and doing more JV deals with our Telfer partners, who knows. My knowledgeable contacts tell me much of this is on the way. NCM / GGP are months ahead of us pi's on the news front. Be patient. It is going to happen. so lets have peaceful and courteous debate. This is the most exciting share that in 60 years investing, I have ever seen.
Patience. It is all going to happen.
Tig
Well Said Tig, the Fed still in denial about inflation.
Tig, very good and all factual but until institutions start buying in big nos. Or we get some stunning drill results from elsewhere, I can’t see this share price moving far before the next MRE update ..IMHO
This board now has an over abundance of abuse, accusation, vile comment , and more,..... without any consideration for the existing, factual, inarguable , confirmed, indicated state of affairs. Let the debate continue .... but sensibly and courteously.
Just consider
1 GGP has risen from being a barely known, tiny AIM registered Gold explorer, operating in a remarkably supportive and stable jurisdiction.
2 It now has the ownership of a sizeable number of very promising and exciting potential prospects.
Two in Tasmania are proven established 1 M plus ozs, which may be sold or joint ventured at some future date.
One up the road from Havieron - Juri 1 , which is now JV'ed with NCM, and which may or may not become a Tier 1 prospect. But there are indications that it might. Early results are due soon.
3 Havieron , which is now a proven PFS Tier 1 prospect based on a mere 28% of the shell for which there was an MRE of 4.2 M ozs.
AND also step out drill results East , West, North, South , width , length, and DEPTH , which are a near certainty , though not quite yet absolutely proven , that will turn Havieron into probably the largest discovery in Oz. and possibly the Globe. Lots more drill results out soon.
NCM / GGP will be doing step out drills for years to come.
The TRUE immensity of the Havieron prospect has still to be calculated , and that will also take years.
4 Hav is situated in the Paterson area of W. Australia, which is huge , and is where GGP own tons more prospects ,( as well as others in Panorama ) that are 100% owned , and that could also turn into Hav 2 's .
5 GGP used to be run by 2 men and a boy. Now it is run by one of the Oz mining worlds most successful CEOs and supported by a large team of equally successful guys ( see the GGP website ). It could not be in better hands. Our CEO continues to use descriptive comment " champagne cork popping " - " exciting " , " amazing " . is he wrong ??.
6 Whatever happens , GGP is going to be a winner. Either it stays with NCM in the splendid agreeable partnership that they now have , or it is possible that Havieron may be bought out. No one knows.
But it is probable that NCM will acquire their 5% in due course when more assay results are established and proven up. What price will be paid is not yet calculable , but we should be looking for probably a figure in excess of $300 M. ( for starters ).
7 POG is currently oscillating around £1800. Most knowledgeable pundits ( hi Speedy ) reckon the POG is going to take off in the New Year. £2000 / $3000 .....who knows ? But if it does ...Whow !!. And the same attitude applies to CU. Whow !! And mYBEY NEW MINERALS .... Nickel ???
NCM own Telfer which is running out of feedstock. GGP can and will supply feedstock. They need us as we need them. Tons more feedstock has yet to be measured, and that will keep Telfer and its 1200 employees running for 40 years.
8 Because of this, progress is moving at a ramped up high speed. The end of 2022 -