Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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BRYNCUT,Contract Duration
January 2021 - October 2022 These dates are based on Cost Reimbursable with KPI Based Margin which should give us a better time frame of the mine.
Anyone who has been listening for the last two months knows that the PFS is the first real blueprint for the potential mine. It will answer many questions about how Newcrest see the Ore Body at this time, transport and related costings.
The next piece of information is the Indicated Resource Estimate which will be a subdued figure, general opinion approx 5 million ounces.
So the PFS will point the way forward but the December MRE will put a much larger number of ounces on the board.
I honestly think the usual sell off after news will be very mute this time around. To much coming down the news pipeline.
Chester.
Best news is due in November. GLA.
@ chester18, "So the PFS will point the way forward but the December MRE will put a much larger number of ounces on the board."
Exactly! TT
@TT
Been an investor for a while but have not followed the board for some time (around GH's departure).
Are there any thoughts (from those wiser than me on this board) on the increased size of the MRE ?
And to what extent might some of the increase already be priced in the current SP ?
Sorry in advance if this question is a repeat and going over old ground.
ATB Shorn
Shorn. More than double and none priced in.
@jerryspaniel
MRE - doubled in December announcement and not priced in the very recent SP increase.
That as a result of some maths or what the board feels is the case ?
I am not de-ramping just trying to get a sense of the wiser thoughts on this board at to likely upcoming MRE uplift ??
ATB Shorn
Can someone tell me in which form the PFS will be conveyed, will it be a verbal presentation or via RNS? If a verbal presentation does anyone have any idea how long it is likely to take?
Have no previous experience of a PFS so was just wondering.
Shorn. Simply there is a year of drilling to go in the second MRE and if you have been following the drill results you will know that they have been quite good….
Then if you know how to value the deposit and the exploration upside and appreciate Bamps and others calculations then you will know what’s in the price at 22p. Answer: not much.
If you need more info it’s all on Ggp website, NC website and the ggphelp website.
But please don’t rely on this board. Dyor.
My guess is that if you haven’t been engaged for last 6 months your position is small and irrelevant to you.
Hi Devonkid
No experience of a PFS either but 100% has to be a
written report for dissection by the industry / market.
Devonkid. Mainly by semaphore…..
Look at the NC announcement, it’s all there.
Shorn, if I may offer an alternative opinion - Canaccord's note calculated an SP of 25p based on 11moz (bottom-up NPV). So it doesn't seem unreasonable to suggest that the current SP already assumes 10moz, i.e., far in excess of the current MRE level (3.4moz), and possibly in excess of the December update.
2 investor presentations on the 12th and 19th respectively, which should keep GGP in the headlines. They will both probably centre on the PFS, but wouldn’t it be nice if the outstanding Juri results were published in between the two dates and they were very positive! ;0)
Good luck to all holders.
JS
Does that mean it will be in pictures for any that cannot read?
@jerryspaniel,
I have 1.2m shares here but have been focused on other Copper / Lithium based investments during the period GGP retraced.
The volume of data shared on this board is significant and am only trying to catch up with current thinking on future MRE values.
Sorry to trouble you with the question.
ATB Shorn
Slightly misleading there trumble , but with only 10 posts to your name, you have to wonder what your real intentions are.
Greatland Gold PLC (LON:GGP) is unique amongst London-listed gold stocks, according to broker Canaccord Genuity, which today kicks off its coverage of the mining share with a ‘speculative buy’ recommendation.
It has been a strong performing share on AIM nonetheless with a price target of 25p the broker suggests some 25% of further upside to the current price. Meanwhile, analyst Sam Catalano highlights a number of possible value catalysts that may push the price further.
https://www.proactiveinvestors.co.uk/companies/news/951969/greatland-gold-is-unique-among-london-gold-stocks-says-canaccord-951969.html
https://edge.media-server.com/mmc/p/hxfet37c
That's the link to register for the Newcrest PFS webcast at midnight on Monday night/Tuesday morning. Greatland also have their own presentation presumably just in relation to Havieron on Tuesday at 9.30 BST.
Presumably there will be pictures and words!!
That’s certainly not insignificant- good luck shorn.
@sandgrounded, no doubting the future potential of GGP, but the SP is arguably ahead of the curve.
The numbers I quoted also assume 100% of the MRE is treated as a mineable reserve (which it probably won't be in the PFS - the 3.4moz is Inferred) and a zero discount to NPV. Quite aggressive.
Expect that the PFS will give a GGP-attributable Hav NPV of around £300-400m, possibly less. The risk is that GGP drops to a more realistic valuation level in the near term. The resource evaluation needs to catch-up with the SP.
Shorn / trumble / devonkid...let's dispel some myths eh?
The broker figures suggest 33p risked and 66p unrisked.
The PFS will be a written comprehensive report. Go to NCM's website and look at one they 'did earlier' (they pushed one out about a week or two ago). Usually the written word is followed up by podcast / audio and video presentations (dyor) on these.
The 1st PFS for Havieron comes out on the 12/10/21. This is based on drilling they have done UP TO march 2020. It will orbit around 4.2MozAuEq (maybe bulk out to around 5+ ish Moz).
DYOR on what a PFS covers.
There should have been an update to the original MMRE(inferred), last month. This didn't happen. I expect this updated MRE (called an MRE(indicated)) to be bolted onto the PFS. (My opinion only).
In December of this year there will be a 2nd MRE, called a MRE2! It will be an inferred version (MRE(inferred)).
This will encapsulate all growth and infill drilling between the period March 2020 and 1st October 2021. A LOT of drilling! Shareholders are holding their breath for this release to market.
As Jerry said - if you aren't up to speed by now...you can't have a very big holding in the company, or.......... you have so much money....you don't really care what happens to this stock!
PS: I did a 'trawl' several weeks ago about the estimated size of the orebody in the MRE2. The overall consensus seemed to suggest most are expecting between 5 and 10MozAuEq
Some homework for you:
What is AuEq?
Answer:
https://marketcap.com.au/about-equivalent-grade/
Enjoy.
Z
So shorn at the recent low you had over £180,000 invested in ggp but you weren’t paying much attention. So are you very rich or very stupid? Possibly both.
Thanks zoros. I wish I had your patience….;-)
Trumble, we have about 30 hours until we see what is written in the PFS.
You obviously are holding back before committing yourself to GGP, ( if at all), which is your right. I am holding mine and hoping to see the sp increase as a result of the report.
I wish you all the best in whatever you decide to do.
@zoros, sure, I'm already counting the by-products in the AISC so quoting the 3.4moz alone in the context of NPV.
Fully expect that drilling will have progressed a part of the resource into indicated at least, and this will be the basis of the PFS.
Comment still stands that, even once the December MRE lands, we'll be at an SP that roughly assumes 100% of the MRE and zero discount – that would generally count as aggressively priced. But, if GGP can maintain its valuation premium then this isn’t an issue.
@sandgrounded, likewise, all the best with your investments.
How can you possibly continue to hold if your of the opinion GGP SP will be less after the PFS.