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Important to think about the potential MC in the next few years for miners and not how that looks today. Consider the Dow/Gold ratio - in decades gone by parity would be scorned at but it’s happened before. Newmont currently 45B - what will it be in 3 years time?
With the potential upside in POG the unimaginable actually becomes imaginable. That’s why I broke down the factors into parts to show a potential cumulative leverage impact. None of the factors are out of the question - whether they are fall into line is another factor of course!
ATB
Hi Joubert. Looking at a 100 year chart for the purchasing power of fiat ( in multiple currencies) v gold, shows that fiat has already collapsed average 98%. Central banks will do all in their criminal power to continue the farce that is the present system. The death of the USA $ and all other linked currencies is happening as we speak. The rise in the POG over time is not due to the value of the (suppressed) POG rising but the value (purchasing power) of fiat falling. This fall is hidden with the word INFLATION and is accepted by the blind ignorance of many as acceptable.
Time has proven that one of the best ways to safeguard against the erosion of wealth by inflation is to hold physical gold.
I must add it is good to have a sensible debate for a change. ATB Speedy
One other factor to add into the mix is Greatland aspire to become a multi mine operation. Once they get first mine up and running the board are perfectly suited to rapidly leverage that asset to add further to the producing assets.
GLA
Only 96 bagger from here then Jersey. Yeah no problem.
So just £29billion market cap 🤦🏼♂️
speedy - just for fun i thought i would have a 2 minute *** packet stab at potential leveraging factors - interested for other views - i have put ranges in:
lassonde curve 3 to 6
pog 2 to 5
miners / pog gap closure 1.5 to 2.5
jorc increase 2 to 4
so taking mid points 4.5 x 3.5 x 2 x 3 = 94.5
6p x 94.5 = £5.67
we seem to be in the same ball park with our dreams.
just for fun ….but not totally impossible in time??
atb
Hi Speedie.
Thank you for your learned response.
I tend to agree with where you are coming from on this subject but i personally the result will be somewhere in between. I am not sure a total collapse of FIAT will actually be allowed to happen. For what its worth and IMO it (FIAT & financial assets) will rerate accordingly and inline with and as other assets do. GL
Hi Haveagoodday. You say "have no insight into the workings of this share". Maybe that is correct but my £5/£6 SP is not only about GGP but about the possibilities of the effect on the mining industry of a POG re rate and the leveraging effect of that re rate.
How much insight into the workings of the gold market do you have? Bugger all i bet. Speedy
Agreed 👍👍
Yes red, it’ll be nice if one of them comes to fruition and a bit of positivity instead of the depressing posts from Freddie, iot, Pepsi and the rest of the idiots makes a nice change
Hi Trippy - after the lousy 3 years plus we’ve seen GGP go through, it’s nice to see there are some real positive outcomes to look forward to from a variety of learned sources!! VGLA true Greatlanders - we deserve it imho!!
Careful everyone as we’re not allowed to dream as it’ll be misinterpreted as ramping! 🙄
A quid will do me at the moment. DM
Afternoon MH01. Not sure the comparison with NS is appropriate if the high Ggp sp assumption is based on the gold price rising, as NS mkt cap will probably be $50b!
£6 eh Speedy?
I’m sure we all hope you’re right, but we’ll need to be very, very patient.
Mining stock is a slow burn but can jump occasionally. All the stars will need to align for the sort of price you predict. 🙏 you’re right but frankly my sights are set considerably lower.
This post seems to echo my thoughts , a short time ago we were thinking 50p now we have some posters who have no insight into the workings of this share now picking a figure of £5 , Be patient a number of older shareholders have heard this for over 10 years , what is next , in 2026 it will be £10 , perhaps ??? , as always . have A GOOD day
Ace, it’s like famous Irish comic used to say, “It’s the way I tell em” 😂
You have a way with words spade.
All this talk about ramps makes me think about the biggest ramp of all. For the last three years it’s been called a decline, but once it reaches the top of the orebody, then it becomes a Ramp to riches.
Our SP has been tracking the decline since it started, so once completed, just like those trucks down there, they will have to turn about face and start to climb back to the top, as will our SP.
Speedy - I would not place too much stock in someone who does a calculation suggesting you can get 2 aussie peanatas for a pound.
POG 2500+ Re-rate on sentiment BOOM 2/1 $/£ BOOM 100% HAV BOOM; one for all the rampers 😁
£6 eh Speedy?
I’m sure we all hope you’re right, but we’ll need to be very, very patient.
Mining stock is a slow burn but can jump occasionally. All the stars will need to align for the sort of price you predict. 🙏 you’re right but frankly my sights are set considerably lower.
But All the best for sure.
I continue to hold. I still don’t know why Newmont withdrew. I still don’t know when we will turn from cash guzzler to cash generator. Production was due to start in Q3 2024. When the cash starts to roll in our sp will re-rate. For now I just sit and wait for news. GLA
Be nice to see the sp return to double figures, most Lth’s certainly wouldn’t sell at 20p though, screw that!
Truth is no one knows where the sp will be next month or in a years time, that £5 figure wasn’t a ramp just an answer to my question, I understand the logic behind it speedy especially with all the interviews I’ve watched… I mean literally this morning I saw Rick rule mention some juniors having the possibility of a 3000% rise! So you just never know
All shareholders would be very happy to see the return of 20p a share… hopefully this year…
Hi MH. I see GGP as an extremely good bet for a massive rise even without a re rate in the POG. Taking into consideration our position on the L. C. our exceptional BODs, the currently suppressed SP, a high grade ore body with a great shape for mining, Telfer just down the road, the present POG and rising, funding in place, production looming, mining friendly jurisdiction, the list goes on and on. 20p is a low ball prediction on production and i expect a higher SP. Also at the moment, the miners are deeply unloved but that sentiment will change giving GGP a further boost. No ramping here just good old facts. ATB Speedy
Easy to write a SP target/range on a page. Our reality will be in the context of the sector as a whole we are in. If all gold companies rise 10 fold in value then yes GGP should too. We need to start pulling out gold and copper though. Money flows to the top of the sector, those with earnings and profits