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@@@ JTB ... read the post, and do not mistranslate. Ignorant is a word of your choosing.
GGP is still a piddling little AIM company who have a working relationship with a distinguished Oz miner.
Very few brokers, funds , iis , are , and presumably do not wish to be, aware of or investing client money in such small companies,purely on the basis that they are piddling, without revenues, and still at an early stage. I have dozens of friends whom I have advised about GGP, and without fail, their stockbrokers have told them not to touch GGP with a bargepole. Advice given, - not on the back of studied research, but of assumed principles.
I am more than happy not to take professional advice, and to domy own research ,and read up on that of selective ( BB ??? ) others.
I would suggest that because we are the beneficiaries of the research and hard work of a number of our qualified posters ( how fortunate we are ) , we probably almost certainly know one hell of a lot more than most institutions . We also take notionally higher risks as we are investing our own, not client , money.
During the 12 months of 2020 , GGP was one of the only shares on the globe to make an SP gain, and as I recollect , in the top 5 global performers. Never got a mention from the professionals.
Ignorant ????? ..... or unaware ????.
Tig
That's interesting, Bamps. Maybe they're just starting. There does seem to be something happening there. Exciting times!
Q
Hi ProfQ
What I’m expecting at the vent hole site is a large hole in the ground down to the tillite level and a base for the raised borer to be sat on and bolted down.
Maybe a 20m deep hole similar to the box cut so quite a big structure for this 4.5m dia hole and also the 1.2m dia escape hole.
Waste from the hole will fill the trucks below and brought up through the Decline
When we have a bigger MRE and some indication of what the AISC might be I think we'll be in for a sizable rise.
:)
Q
I think, Lenz, that the market is taking a very pessimistic view and that we are currently valued on an AISC of more than $900, a gold price of $1,800 and the MRE of 4.2m oz Au eq. I guess this is because we all got carried away when we went to 38p and now caution is carrying the day.
Q
Hi Lenz. Working out where the POG will be in 20 years is relatively easy. After the end of the price suppression and the increase in value the POG it will do what it always has done, protect your spending power. ATB Speedy
In fact, Bamps, if you look at the last three satellite images and the last radar image you can see that the activity around the first vent location does appear to havs begun.
Q
Oh and as a caveat .. no one knows where the price of gold will go in the next 20 years or how much of the shiny stuff we actually have. It's all guess work but fun to do, as long as people don't take the figures too seriously. But it is all looking good for any GGP share holders going by what we are being told !
Hi Jack. Most of the types you mentioned just follow the rest of their types and have no individual input as to what to invest in. Once the market wakes up to what we have it will be explosive. ATB Speedy
Guys .. if you are valuing our share price on 4.2m oz eq. Then I think you are way behind the times. Brokers are working on between 12 and 15 m oz and we all know they are conservative. Also with a 50% discount on the share price! This is all fact not hearsay. I can see roughly where the £195 per oz comes from, if you take it as our share of the spoils when we are producing, if we keep 30% ..
Apologies. The kitchen pinger timer went, and I had to go check the loin of pork, particularly the crackling.
What really does surprise me is that the Brokers, the Institutions, the specialised Fund managers , appear not to be aware of / alerted to, one of the finest, most prospective developing gold finds in the most stable country, joint ventured by the 7th largest miner in the world , ( 1st in Oz ) , with a near bankrupt ore processing plant just up the road , breathing its last breath,in need of some feed dirt, .............. what do all these guys do for a living. Spend all their time getting excited over Firefly, Solgold , and a load of other potential exploration losers.
The dam is about to break. The next six months are going to be a 2020 SP rerun. Patience , just Mittzundapaddybum a wee while longer.
Tig
I think you're right.
Q
@@@Quatermass ... I do not know Q. why you say you THINK that info is all wrong....... when we privileged lth few KNOW, without any doubt whatsoever , that it absolutely , totally , unequivocally WRONG. we have a team of qualified experts no names mentioned as I do not wish to inflame their vanity , who can confirm all that.
Tig
OK - thanks - it seemed such a matter of fact type statement by Lenz that I thought it lent towards clarification from him. No worries.
I think Lenz meant that the £195 isn't a reflection of how things will pan out at Havieron. I would bet (which I have I suppose by buying the shares) that the AISC will be lower and I also think that the price of gold will be back above $1,800 pretty soon, and by a lot. The market seems to value us at the moment as if there'll be no more gold than there is in the MRE, that it'll be expensive to dig up, and that it won't be worth much when it is dug up.
I think all of that is wrong and I think the market must realise it too, eventually. The PFS will help because it'll include an estimated AISC.
:)
Q
In fairness Prof I thought you had worked out what our per oz value is according to our current SP. I was hoping Lenz is able to quote a value per oz according to current values of gold as that is what he seemed to be alluding to? Thanks both.
Hi Prof - I know you have but Lenz’s post at 16.19pm states the gold is worth much more than £195 per oz so I was questioning how much more??
I've just written that, Redirons: about £195/oz.
That assumes an AISC of $925/oz and a gold price of $1,800.
Q
Hi Lenz - can you advise how much per oz the gold is worth to us? We’ve had numerous guesses at how many millions of ozs we will have declared soon but not many that I can remember on per oz value. Thanks.
Oh and we already know there is a lot more than 4.2m Oz eq.
It doesn't matter, the gold is worth a lot more than £195 per Oz ! Someone is going to be burned quite badly when this find registers with the market !
Well, I mangled that post.
Q
The current SP values our 4.2m oz Au eq at about £195 per oz.
195 × 4,200,000 the divide by the number of shares fully diluted is about £0.195.
We just have to wait.
Q
Do we think the gold will bring us more than £195?
Do we think there'll be more than 4.2m oz Au eq?
If it is anything like the previous UT's on GDXJ weekends. - it will probably open at 19.5 anyway.
Some great posts in this thread... At 18.80 I am down 5p a share. I see this as only an opportunity to reduce my average.
I am here until GGP is a multi-asset producing miner - the next Newcrest perhaps and with it X10 the share price.