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Truth is at the moment no-body knows, but we will soon find out. Yuo,ve gotta be innit to winnit. Gla
rampymcrampface - lol!!
15-20moz would be lovely Jonny,but I for one am not Expecting that! Nice Ramp tho.
I’m am sure most shareholders are dreaming of anything higher than 10moz, you are talking like 20 and more are nailed on hahahaha,cmon,slow down, sure it’s possible we have the biggest find in the last decade,but it’s not nailed on,5-10 looks to be tho.
I just get a little uncomfortable with people talking about 27moz?cmon,really! We will all be skipping down the street if it’s that! Yet you are talking about a conservative mre at 15-20,sheesh ,I hope you are right rampymcrampface
It's no coincidence that Biswas chose to highlight Red Chris and Havieron at his latest presentation. It looks like Newcrest's investing a lot of faith in these two assets. That should be obvious to anyone. Biswas has hardly concealed his excitement about the potential of Havieron. I wouldn't be surprised if the next time he presented and waxed lyrical about Havieron that he came on stage doing cartwheels.
Take a look at the crappy output levels for the other assets and the increasing production costs (AISC). He's no muppet. He knows Havieron has the ability to inject leverage into Telfer's earnings thanks to Hav's high grade nature
I think they do hedge a % of production at Telfer which doesn't help its earnings from Telfer especially
And I ignore that nonsense about the all-encompassing AISC (the average) across Newcrest. This conceals a multitude of sins
All registering on the right facts!
Cheap price to increase IMO
Johnny - I'm not sure of the amount NCM work on now but I know Sandeep was asked that very question in the Q&A session after the Red Chris purchase last year. I distinctly remember him saying that they worked on a gold price of $1,200.
They may have revised that up since then but either way there's a pretty massive safety element built in there.
The other point that people are missing IMO is that as the gold price goes higher it makes those marginal ounces that may not have been economical before very much so now - this could have a massive impact on the cut-off grade that they need to use and consequently on the overall size of the MRE when it eventually arrives.
GLA -Paddy
Mickey i would expect Havieron to be over 10 million ounces as we speak and for Numis to increase their conservative workings to more realistic share price tagets of around approx 11-13p share price
Regarding the gold price Newcrest presently run with 1350 per ounce in their calculations (correct me of i am mistaken) so we could now see that figure nearer 1400 -1450 levels as the big players tend to have a certain benchmark which is below the nearer 1700 levels of gold we see right now - either way thats a major uplift in the event of Havieron/greatland being bought by newcrest.
What i am saying is that i expect by end of year the resource estimate range (on the maiden resource estimate - MRE) to be well over 15 million ounces possibly nearer 20 million onces ...you have to remember that a MRE will be a conservative headine number as its goes of specific metrics of drill denisty in an area so quite often other massive areas such as the north west may not be included in thay headline figure (due to maybe not enough drills in that particular area to qualify for the criteria of the headline MRE). But all the smart money will be looking at the guidence range that comes alongside the MRE headline...
Now as time goes on into next year Havieron could well be a lot bigger over time that 27 mln ounces but i believe we will never see those days as greatland gold shareholders as Newcrest will most probably buy out GGP in 2020...why because it makes sense for them to do so rather than pay out 100 mln a year to GGP over a 25 + year period for approx illustration purposes = 2.5 billion to greatland.
So Newcrest writing a cheque to greatland for 500 mln is peanuts and still masssively cheap for them ...
When will the market wake up to the upside here...its incredible.
Wont be long now till next results...expect some giant moves up here in 2020.
This share is holding up really well, considering the general market downtrend!
Johnny are you saying Havieron is more than 27m ounces, if so what would the SP be at on current gold prices ? And how much copper did Telfer Hav?
Hi Johnny
Great sum up!
Cheers
Stout
6p was numis target which was conservative in their own words and did not take into account the results we are about to see in the next rns
The market needs to wake up here. Ignore the noise, gold is solid at these levels this year and trending up...
We are so cheap here and even Sandeep is like telling u all blantently that take a look at the results from Havieron again, Newcrest have never ever seen grades like this before.
Looks like Havieron will be the same of not bigger than the multi billion money maker Telfer has been for Newcrest.
Now go to specsavers buy some glasses and then to wh smith and buy a calculator and then tell me why greatland should not be valued at £500 million + right now
Yes we are dirt cheap here. Smart know.
Results rns could come anytime now
Paddy mentioned Newcrest would release between quarterlies as well
Going to catch many off guard
We could easily see 100% 200% gains here in the short term
Going to enjoy this next legs up
Top ups thanks sellers