Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Schlemiel, thanks for the reminder of the Proactive article after the Numis 4p report. Does anyone know if we have access to the full report, apparently 30 pages, (and the 6p one) anywhere?
Ignore the shyte and focus on the assets and our partner -
Aug-2019
Numis’s coverage of Greatland Gold is a harbinger of greater things to come
It’s a significant development in the life of a company like Greatland Gold PLC (LON:GGP) when it graduates to a level that merits a 30 page analyst’s report from a broker of the calibre of Numis.
Most junior mining companies - especially ones like Greatland, which could still be years away from production – are lucky if they can garner any kind of analyst research at all.
And yet Greatland gets the full attention from Numis, and from an analyst of the calibre of Jonathan Guy no less, a man with long and deep experience in the industry, who learned his craft from the late Charles Kernot, who was himself widely acknowledged as the best mining analyst in London for the better part of a decade.
So what is it about Greatland that merits this special treatment?
The answer is simple, and comes in two parts. It’s the asset, and the partner.
At the Havieron project in the Paterson region of Western Australia, Greatland has managed to serve up mineralised gold intercepts of a quality that’s hard to come by.
cont...
https://www.proactiveinvestors.co.uk/companies/news/901330/numiss-coverage-of-greatland-gold-is-a-harbinger-of-greater-things-to-come-901330.html
I think it was Jonathan Guy who said that Aussie gold miners trade at 2.5 times that of other countries.
Hi Stuart, a good post. I'll respond when I have a bit of time today / tomorrow.
Hi Stu. The way the POG is acting $200 may be a bit low. ATB Speedy
Sicilian - whilst you have a point and for a long time i HAV said we need to manage our expectations and frankly stop talking about 20moz as its just silly(possibly) but I feel still pretty unlikely and something no other explorer WW have done in the last 10 years, so no mean feat even if the ducks are lining up!
Where i disagree with you, and I am also trying to manage my own expecations and be conservative, is on your $100 in the ground valuation . This is auzie miners, they get far more than the rest of the world, also that $100 industry average you are using, we will get much more in AUS, not least due to jurisdiction etc, but have people missed the ready made processing plant down the road? Only we have this, other discoveries values at 100 in the ground dont have this, I think these two in combination warrant the $200 in ground start point, the argument for higher is also valid, as we ahve the industry experts being NC in block cave, reducing costs in comparison to other miners due to their technnology, and last but my no means least, is anyone doubting this will be a high grade mine? I think we are nailed on for 2GRM per ton average but possibly higher, all of these aspects make a far stronger case than your $100 dollars there Sicilian, more than happy for counter arguments back, I dont like people getting carried away either, but with the above considerations, do you not see the logic in the $200 assumption?
Good the golds going up , that’ll get us 200$ if we need it .
newtothisgame2, I remain of the view that there have been truly exceptional drill results here and that there will be a mine at Havieron. The first point is unarguable and it would be staggering if the latter were not true. The only difference between me and others at the moment is in terms of valuation:
1. I start with the broker's recently upgraded 5.5m. It may well be much more than that in due course - some might even say likely. But I prefer to start from a low base and to be surprised to the upside rather than to start from a high base and to be surprised to the downside. The former gains me money and the latter risks losing me money. Different investors have different styles and that is mine.
2. I start with a price of $100/oz in the ground whereas others start with $200/oz. We really should be able to debate value/oz without accusations flying around about the motives of others. $100/oz in the ground, for a company still exploring and not yet in production, is in the history of mining takeovers a much higher figure than average.
No he's not. He is an ace PI analyst, looking at the numbers rather than getting carried away with emotional attachment. I've seen his calls for a few years now, and generally he is early and right. But he isn't God.
Well filter him FGS and get back to GGP, enough is enough.
SK's a well known deramper. It is what he does. He's known for it. He has an agenda and that agenda isn't conducive to furthering an appreciation of this company. I'll choose to filter him.
No ramp intended. I just find it curious how certain shares of mine seem to command a higher price and have seemingly less going for them than this particular share.
As others say, a diversity of views is welcomed, indeed I have filtered several rampers and all PIs should do their own research.
In my view this share is undervalued, that's why, in my inexperienced eyes, I have chosen to invest. If you think differently, crack on
Yeo I agree with Littlepost, if anyone has put their hard-earned cash into a company then they deserve an opinion whether negative or positive - as long as they are being polite to other board members and not ramping/deramping for nefarious purposes - as you do need to take a balanced viewpoint in any kind of business endeavour.
SK it's good to get everyone's views on GGP even if they appear generally negative. I think you're argument has been disproved in this instance. Please keep posting though all views provide a balanced BB
Obviously the market don't think your right. thats nearly double were we are now. your right dont sould like a ramp... not.. filter me
What's your point trucky?
I am not an experienced investor. I have been doing this for a couple of years.
My avg isnt 1.7, I first got in at 1.7 - comparatively late to the party compared to some, but an age ago compared to some of my other investments made in the last few months.
Repeated modest top ups have made my avg a lot higher, but still with a good profit. I do love this share as it has been by far my best performer and the one I judge to have the best prospects.
8p is a reasonable figure for now in my inexperienced view.
Well I have been in here for a very long time.In at£0.0039.I will probably die before I cash out because as yet I do not think fair value has been achieved.25p plus I may start thinking otherwise.All in an ISA so kids will get most of the benefit
Espardrilles...For someone who is new to investing..and not particular to this share??? you should read your posts. ave 1.7 then big top ups. you love this share and its going to go big. should be 7/8p.. strange boy
Lairyliam... yes several zeroes. 2 pounds would be like what 7 billion mcap? Well sounds like a lot right now, but you never know, there are plenty of promising 100% owned licenses
I think we will be there soon, we just need a couple of more positive news from NCM on the drilling results
As newbie to investing, although not to this particular share, it does seem very odd to me that we aren't at 7-8p already.
I am in some other mining shares (albeit with much smaller MCaps and less shares in circulation) already at this level, and they aren't anything like as good a prospect as GGP, but the shares are worth a lot more.
I am not trying to ramp. 7 or 8p would be perfectly reasonable for where we are. With a bit more time, solid double digits are a reasonable proposition.
We are near a processing facility which needs us
We have a good team
We have a favourable jurisdiction
We have a high gold price
We have an experienced JV partner with deep pockets and a need for more gold
We have excellent preliminary results
It should be at 8p now! With double digits to follow with a bit more news.
As maybe, but ten years later and cashing out a £2 share bought now, will mean many many many zeros right??
It is a teaser obviously, however yes never say never. I'll be happy with 25p.
Based on the information we have my Opinion we should be between 7p and 8p
Will be a very long time to get your £2.. come back in about 10 years