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Interesting re the earth moving Hopefully - You said you can’t share, but any clues there??
Cheers!
Spymaster ive watched some presentations on gold mining and according to what i h dersyand the gold grades usually go bigger the deeper you go and thats the final part of the drilling programme ghey do as they find put how large width of the footprint is first then go deeper. I think we have some very exciting results to come in yet :)
A nice quote from the job description:
"The Havieron Project has enjoyed tremendous exploration success over the past year and is rapidly approaching delivery of a maiden resource, with high future mining potential. The Havieron Project is the primary target of the Newcrest-operated farm-in and potential joint venture with Greatland Gold and forms a key focus of Newcrest’s growth strategy. "
Now, if that message is coming from their Human resources dept, then how much more interesting is it behind closed doors at board level?
A| long line of ducks stretching far into the distance.
@ Floater - Luv it - as my Telegraph has not been delivered due to protesting Ex stinksshon Rebellion.But do you have to use the Sun ?
Obviously lots more ways to skin a cat. How about a few more ways to skin a T****r ???
Tig
Another position advertised at Havieron. Not that it matters anymore - we know this is going to happen.
Tigger - although I can't share, the earth moving equipment has been very busy at the Havieron camp. Thanks
https://www.seek.com.au/job/50513228?type=standout#searchRequestToken=f131e884-39bd-4517-a1c0-cef3b904188d
Bamps after reading that from someone like you as made my weekend lol. See you on the 19th.
944T
The answer is 42, as any well travelled hitchhiker knows.
Compass, did you use the cost of the Sun Newspaper as the midweek, Saturday or Sunday cost ? because these vary and can make a big difference to the final calculation.
Also the square root of an onion has four different answers; and I certainly don't want to be converting my GGP shares to vegetables:- https://tinyurl.com/y2la79q5
Hi Tig
A couple of years ago my finger was in the air hoping for 20-25p as a max then Mickey came along with his very high target, now I'm holding 5 fingers up cos I think Mickey's estimate is far too low.
Now I'm holding up all the other fingers, thumbs, toes :))))))))))))))
Compass;One of the great things about this board is that it is inhabited by a large number of educated, specialised, knowledgeable, capable experts , who bring to the board at key moments ,their expertise. So we welcome the likes of you, particularly after the continuous torrent of vulgar abuse that beset this board last night from some unknown t****r, who are able to explain the complex calculations of share price forecasting. Particularly for a share that only has dozens of incalculateable variables based on unknown quantities, of as yet unproven data. My eyes have opened. Keep up the good work.Within two weeks we will know how right you were.
I have long put my finger in the air ,and arrived at a 20p to 25p result. 2 ways to skin a cat.
Good luck.
Tig
Hi WF
I found some interesting charts on the BHP website that show historical gold finds. Since 2000 the number of Tier 1 asset finds have dropped dramatically.
They are becoming rarer.
Incidentally I didn't realise Newcrest was formed from a merger between BHP and Newmont (Australia) in 1990.
ATB:))
You are forgiven.
Say three ducks, three times, and go in peace my son.
20 to 22p early next week....? this is why 30 million tons of gold divided by the cost of the Sun newspaper x the Sq root of Onions... should just about get us there as long as Australia does not sink more than 6 foot over the next 20 years......yep thats my theory....and although the calculations were very time consuming I do feel that they are pretty accurate as I have double checked them ...basically who knows what the price will be? its all pie in the sky at the moment but I am prepare to say it will go higher.....ITS BEEN A LONG WEEK PLEASE FORGIVE ME.....
Forgive me if I'm wrong, but isn't this the very nature of a mining company? They would be constantly digging out their gold (or whatever 'product' they target), thus depleting their reserves. As they use up their higher grade material and move to lower grade, then production costs (AISC) measured as a per oz (in the case of gold) amount will rise.
So surely this is the nature of the business, which is why prospectors such as GGP exist. Miners spend their time working out ever more cost effective ways to extract and process minerals, while prospectors spend their time scouring the planet for ever more scarce resources. Yes?
Luckily, we have found a monster right next door to a miner who is in desperate need to feed his machine. Dog with two whatsits, as it were.
Have a good weekend all.
Grace - good to see you here.
Completely different risks and good to have a diverse ptf, so definitely both. My best two shares this year have been Ggp and Val, although GGP is now safe as houses but with much lower potential return (I.e. it won’t return the same % it has returned so far, whereas my Val is where GGP was in Jan (price action wise). 2020 has been a horrible year overall, but at least GGP (and my other shares) have made up for it a little.
Thats another one filtered! Couldn’t be doing with reading another large amount of inane dribble over the weekend....
"Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation.
With top producers facing declining production profiles, shrinking reserves and a return to rising production costs, the agency is expecting many to expand organic exploration in the near term, while leveraging targeted acquisitions to supplement their depleted pipelines...."
https://www.miningweekly.com/article/gold-reserves-growth-dwindling-globally-2020-09-04/rep_id:3650
Chester,
I like your thinking re : 'I now understand more that the actual figure given in the MRE will not be at the whim of Newcrest but a fully assessed resource by an independent geologist.'
This question has always troubled me.
Are GGP also on the ground watching all that goes on with MRE and are independantly verifying everything, I hope so?
Thank you for those responses.
I now understand more that the actual figure given in the MRE will not be at the whim of Newcrest but a fully assessed resource by an independent geologist.
That's the bit I did not know.
So Newcrest find themselves between a rock and a hard place, they need to prove up the mineablity (new word apparently) of Havieron and are 'full metal to the floor' committed to 24/7 drilling infills but at the same time they are causing the MRE to be escalated to it's maximum value. That means there is no hiding the potential value behind a reduced resource. This current scenario of GGP's joint venture is loaded one way, like card game with a stacked deck, due to the fact that Telfer would probably close in 2 or 3 years without the Havieron gold. It boils down to one crystal clear fact, investors with a holding in Greatland Gold are going to do very very well.
There may never have been or may never be again an opportunity in a gold play with the solidity of right here right now in GGP.
Very glad to be aboard
Chester.
RE: Bought some silver todayToday 00:09
Betterthedevil - i cant even be bothered to argue about your other points, but when you say this:
“Those chefs at the restaurant, they wont be preparing food on stainless steel, it'll be on silver / copper nano. “
Do you actually know what they use stainless steel and not copper or silver? There are a few reasons. Stainless steel is used because it is nonporous, which means it cannot absorb moisture and makes it a safe environment to prevent bacteria and viruses. It also does not degrade or rust.
Copper is not suitable because it will oxidise. Also copper is a lot more expensive that stainless steel, and restaurants generally cannot afford it.
Silver also will not last as long as stainless steel and is way, way more expensive.
Copper and silver will not replace stainless steel in restaurants because of both cost and practical reasons.
It is the same why they use copper in conductive lines instead of silver, silver actually conducts electricity better than copper, but cannot be used in phone lines due to the much higher cost.
Stop spreading BS. You have clearly set up a new account today for the express reason or being a troll, and will no doubt disappear very soon.
Betterthedevil - i cant even be bothered to argue about your other points, but when you say this:
“Those chefs at the restaurant, they wont be preparing food on stainless steel, it'll be on silver / copper nano. “
Do you actually know what they use stainless steel and not copper or silver? There are a few reasons. Stainless steel is used because it is nonporous, which means it cannot absorb moisture and makes it a safe environment to prevent bacteria and viruses. It also does not degrade or rust.
Copper is not suitable because it will oxidise. Also copper is a lot more expensive that stainless steel, and restaurants generally cannot afford it.
Silver also will not last as long as stainless steel and is way, way more expensive.
Copper and silver will not replace stainless steel in restaurants because of both cost and practical reasons.
It is the same why they use copper in conductive lines instead of silver, silver actually conducts electricity better than copper, but cannot be used in phone lines due to the much higher cost.
Stop spreading BS. You have clearly set up a new account today for the express reason or being a troll, and will no doubt disappear very soon.
BottleRocket - well said, thanks; saved us all a chore. If necessary bump this reply up to the top of the board if you need to.
To new investors: Betterthedevil (or not) is here to cause upset and confusion. We don’t know if it is because he is shorting this share, or hoping to drive the price lower so he can get a lower entry price, or if he is working for someone who benefits from a lower price. His arguments, like so many before him, what they spew has been refuted so many times that it has become boring to keep doing so and clutters the board - we suggest not engaging with them.
If you have questions about things he has said, you may find the answers here: greatlandgold.com or newcrest.com. Also, a private investor has put this site together which most of us here think is really helpful: ggphelp.co.uk.
If you still have questions about something he said that you’d like someone else to answer, feel free to post them here, and we’ll try to answer them.
Great thank you !
Not at all skintnurse. We are back to even numbers now. All good.
So far:
skintnurse
944Tx2
Yellowstuff
Bampsx3
thedoorsx2
desertrat2x2
Mushx2
possibles:
Dodgemeister x 2
Speedymeadie x 2
guytimb46
two more places definitely available.