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Just to give you guys & girls an idea of what we have on our hands at Havieron and what the market is either missing or ignoring IMO.
https://twitter.com/paddygall1/status/1392011432955363333?s=20
Bottlerocket did a great job of extracting the image of the orebody from the latest GGP corporate presentation and sent me a copy of it. I imported into my Google Earth master file and rescaled it using the image of the decline that I had already imported in there.
I then overlaid the image from the March report which had the areas that were included in the initial MRE highlighted inside the "black lines". Now it is quite plain to see how much more has been drilled that was not in the MRE and there is still thousands of more metres to be drilled before the end of June that will also be included in the PFS.
Also you can see where the drills have hit into the Eastern breccia and outside the Sulphide zone to the SE and SW.
Anyone who can't see how this resource is going to grow and grow - either doesn't want to see the plainly obvious or doesn't care.
Patience is all that is required here IMO - let Newcrest get on with it and in the fullness of time we will reap the rewards.
GLA - Paddy
Hi Paddy
Just a reminder , that plan is an almagation of levels.
The white NE extension is the Eastern breccias at depth.
The SE crescent is only this wide higher up and you can see the Decline heading for this area.
The NE breccias in the centre are about 400m down into the ore
The NW crescent is wider at the top
ATB:))
Well done Paddy, and to Bottle. That is an excellent summary
I like the way you guys think, but can anyone remember what depth they went down to for the initial MRE, then how much deeper have those other drills gone ?
Paddy.
Amazing work.
Thats it in a nutshell. No ifs and buts and over time will continue giving for the foreseeable future.
I challenge the friends of GGP to really hammer the message home when Newcrest finally come up with the MRE later this year and its not too long to wait, now.
Hold on to those golden tickets and investors are surely going to add at these current lowly prices where/if they can.
Well done Paddy and all the other expert contributors.
As you say, everyone should know by now, surely, what Havieron is going to be! What's more it's pretty much been expected for years now!
As GH stated in June, 2018, with HAD001,"Geologists in their 40 year career could go for 40 years and not see numbers like that!"
As GH stated in December 2018, ""We are very pleased to see significant visible mineralisation in all holes of the current drilling campaign. We believe that these observations, when combined with recently reported assay results and the results from new geophysical modelling, provide further evidence to support our view that Havieron has the potential to represent a very large mineralised system."
David Lenigas described Havieron as a "once in a generation resource, maybe two generations."
Sandeep Biswas in March 2021, "Now, with this Havieron discovery, every drill hole we put in there finds more gold"
As SD stated in February, "Make no mistake, this is a world class asset, and the opportunity to manage a world class asset is rare in anyone's career. So for me this is a brilliant opportunity, and coupled with the fact we are doing it alongside a joint venture partner in Newcrest, shareholders should have a lot of confidence that we have the right team in place both here at Greatland Gold and at Newcrest to develop this asset to a very high standard and bringing great value for shareholders."
As Hannam & Partners stated in their last note:
"Outside of the current resource shell, mineralisation still remains open in
multiple directions with four target regions identified: (1) Breccia Zone and
South East Crescent, (2) Northern Breccia, (3) North West Breccia and (4) the
Eastern Breccia. With a significant part of the mineralisation footprint still not
covered by the maiden resource, we still see significant potential for the
resource to grow upon completion of further planned drilling. The 2021 drill
campaign at Havieron will focus on both infill and step out drilling and thus the
resource is highly likely to grow significantly in our view."
As GH has said MANY times over the past few years, "...the markets don't get it"!
Hi TT. Excelent post and a reminder of what the people that matter think of our prospects. Just one correction to your post, you ended with "the market does not get it" i say add a "yet" on the end. ATB Speedy
Many Thanks Paddy (and Bottle and Bamps) - great unselfless work again!!
Rubbish Bully - it is unselfless because they share the very research (that takes them hours no doubt) with everyone else on the Board. Wouldn’t hurt you to say thank you for that?
This is what what GH said in an interview on Proactive's Andrew Scott as long ago as December, 2019.
“I think, Andrew, the market doesn’t really appreciate what’s happening at Havieron, the speed that things are happening. I also don’t think they appreciate the scale of the system. We come out with results and then more results and more good results and the markets almost shrugging its shoulders. But these results are cumulative, they are all adding to the tons, they are all adding to the ounces. You know they are all adding ultimately to the value of this deposit and the ability of this deposit to potentially generate very significant cash flows for our shareholders in the future and the market, in my opinion, is just missing that at the moment".
That comment is still as relative today after all the further excellent drill results. How long the market can continue to 'shrug it's shoulders' I don't know but I don't think it can do so for much longer.
I’m fed up with arguing about standards and ethics on this Board - I will let this go now and will just hope that the Board does not descend to those demonstrating the lowest levels (Bully and Daveri007 for example)
Spats and squabbles on here again.
Lots of filters added today.
I think of the filter button as a form of pain free colonic irrigation.
In other news I continue to be very appreciative of Paddy, Bamps inter alia and the info you bring. I think of your contributions as a kindly stroke of our furrowed brows.
GLA
Maybe not unselfish then mate but we all benefit from the work so a thank you isn't amiss , I definitely appreciate both of their very unique efforts on GGP.
Paddy provides so much research most of us miss somehow, Bottle really helps new investors out with the GGPhelp web site, admins the telegram groups and puts in so much effort on other content creation. They have really helped keep spirits up over the last few months.
I add my appreciation and thanks to both :-)
I agree and admit I did get a bit shirty today, I put it down to the share price it affects us all, yes I know it's the future that counts and will bring huge returns for investors. But daily drip drip is like Chinese water torture, well done all those that can sit back and not be affected in anyway by this constant sp control !
Paddy, this is great and thank you so much for sharing. I learn so much from this board and I am grateful to so many that contribute constructively as it has given me the strength and understanding to hold for several years and be well on track to allow my 3 children to go to university. Please ignore all the negative posting and for those that are attacking others I hope that whatever is causing them to act in this manner is resolved soon as they cannot be happy. I have really enjoyed reading this board over the years but recently it is draining. Good luck to all and can’t wait for September!
Brilliant imagery. Thanks PaddyBottle for putting that together. A really great overview of where GGP are at and what is coming.
Every Broker we appoint risks a fundraise. More gold = higher share price. More shares = lower share price.
The ramping is back today like it has been since Jan, along with the excuses as to why we are falling (market in general is falling etc)
I asked questions and was told to shut up or that I was trying to drive the SP lower. This is going to become very painful until we know why this broker was appointed. Asking questions as a Shareholder is perfectly legitimate. I now want to know what is going on, and like I have been saying, the market has been telling us something that this board has not.
P.S.
Queue personal attacks.
So why ask the board your questions then. Why don't you ask GGP direct and tell us what they tell you. Cut out the middle man completely and stops you moaning.
The only personal attack I have is that I wish you would use the right word - I assume you meant to use the word Cue
Sliotar. I disagree and whilst the majority of posts are to instil confidence or seek re assurance there are one or two posters who look at the Financials as much as the Geology, after all as many have stated we have millions of ounces, Pog is only going up as such I think we can move on from the Geology and yes discuss GGP's financials, ongoing strategy but as always this is not what Retail Investors want to read but Institutions certainly do!
Apologies. Spell had other ideas.
What part of what I said do you disagree with?
We have 30% of millions of ounces. And any hint of a fundraise dilutes not only that 30% but the entire SP of GGP. That's all I am saying, and that is what the market has been pricing in.