Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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IRR to go from 16% to over 26%
He has really emphasised how preliminary this is and how so much is left out if the pfs. Pretty impressive.
'He has really emphasised how preliminary this is and how so much is left out if the pfs. Pretty impressive.'
Really?, issue is and I know we were all told well beforehand etc, why has so much been left out?
Is it because we are still waiting for Lab results...:O) or is it because NCM are looking to take a stake in GGP or the whole Shabang? I do have a few reservations on that score :O)
Extracting 3 m tonnes p/a just to start with , with considerable upside from here.
We’re home and away people !! Ignore the doom sayers. We’re on our way. It’s all good !!!!!!
Well done all !
"we simply didn't have enough time" to include everything we've found, open in 3 directions... :D :D :D :D
Didn't SD say that the MRE would cover all missing drill results to date.
I can see some serious moves before that
Listen to Suresh after Sandeeps presentation! Extraordinary!!
They really are pushing how limited the PFS is with significant growth opportunity :)
@Panama am so glad I stayed up to listen in.
That's the quote Fun. I don't think it's got anything to do with NCM trying to put s low ball offer in or all that nonsense.
It's got everything to do with the fact Havieron is so big and the had to draw a line in the sand on what data the PFS was drawn up on. They even said the PFS has been done earlier than what would normally be done.
No Jiffy, it’s quite simply because drilling has been going on all year and the pre feasibility takes ages to actually do.
Also, a pre feasibility isn’t designed to give you everything, it’s designed to give you enough to move onto the next stage or go back to the drawing board
We’re on our way and this underlines it !
I can now sleep easy !
Rome wasn’t built in a day and we have a way to go to reveal all of our riches.
But good god I thank my lucky stars I chose this company and they partnered with a gold mining expert in NCM.
Lucky us ! Watch this baby grow !
Night all.
Hi Fun
Agreed!:-)
Well, that’s as convincing as it gets… Havieron will get significant resource upgrades, NCM just want to get it mined ASAP. Mine life will be extended and/or processing will be upped.
Life-changing investment opportunity, even after so much SP growth over the past 18 months - I think we all knew this though. Let’s see how the market reacts tomorrow.
Hi Uni,
Fair enough, will just have to wait...roll on December for a revised MRE, still think more data could have been added in tonights PFS .... given NCM's sense of urgency:O)
Jiffy, maybe someone else has already answered this but the Canadians only allow indicated in a pfs.
The PFS is based on drilling as at 1st March 2021…. Seems many fail to understand this simple point. Shaun has said this in interviews. This means the UPSIDE is HUGE.
The PFS actually states feb 2021! “40 holes between dec 2020 and feb 21 completed….”
CC
MH01 .. exactly people need to remember that this is just a small portion of what we have, the AISC will come down and the IRR will rise ( both considerably ) the more they confirm in the future !
Ignore me, those dates related to resource estimates
“ This Mineral Resource estimate is based on drilling completed by February 2021.
Since the initial Mineral Resource estimate an additional 45 drill holes were completed between November 2020 and February 2021”
CC
Thanks to those who have posted on this point already!
I don't often get wound up, but, I just can't understand why some people still just don't get it about the PFS cut off, despite it being discussed here for weeks, nay months now. It has been made patently clear by Shaun Day, on numerous occasions, and, in fact, having to clarify it to shareholders.
He stated, yet again a few weeks ago:
"The PFS is due out in the second half of the year and that's really well advanced. Again, when we've talked to the market about this, it's based on a point of time. It's based on where that..the cut off for drilling was around 1st March this year, so all of the drilling you've seen for the last 6 months is upside on top of what's been captured in the study and really it's going to be a segment of that...It's really focused on the fast start."
We all know that the upgraded MRE, expected in early December is something completely different!
GLA & DYOR!
The problem is clear, yes the PFS is for Phase 1 but even when you look at the valuation based on $/oz and use it for a much bigger resources. We still not get nowhere near the current stock price. Newcrest reports net present value (NPV) of phase 1 of $228m for 100% of the project. Which values Greatland stake at $68m (£50.8m). This is based on 1432k oz gold and 62kt copper which gives 1742k oz gold equivalents. In the resource estimate from 10 Dec 2020 the total resources at that time was 4200k oz gold equivalents. Based on Newcrest valuation showed today of $130/oz ($228m/1742k oz), the total resources would be valued to $549m ($130oz*4200k oz) (100%) and $164m for Greatland Gold share or 3p/share. This resource will grow but even if it doubles we are looking at a valuation of 6p/share for Greatland based on Newcrest valuation methodology
TT
There are some moving around here with their own agenda. Probably not even holding shares. They probably do know about the PFS, but any opportunity to sow doubt in the minds of novice and even LT investors will be taken.
Best not to engage I think...
You're right. Very frustrating though...
Newcrests probably reports a dismal npv to crash the ggp share price and buy them out on the cheap. Been there before, very similar with sxx.
Absolute rubbish. You couldn't make it up...oh, you have...