Member Info for PaddyGall

@sandgrounded - it doesn't need to be another gold company. There are loads of royalty streaming companies who would jump at the opportunity to have a nice percentage of Havieron to provide them with a steady income for the next 25/30/35 years so the ball is not 100% in NCM's court in that respect.

That's what Solgold did and it soured the relationship with their major partners so I don't think NCM would want that to happen in their own backyard.

ATB - Paddy

As Dip666 said, I think the independent valuer will only be able to use the same data to come to his valuation as both GGP & NCM use when they submit theirs. Remember s/he has to find in favour of either the GGP or NCM proposal, so s/he wouldn't be able to take any new data into account as that wouldn't have been available at the time.

Just my opinion but I can't see any benefit in delaying the 5% agreement if this were the case.

ATB - Paddy

Cheers reddirt - just had a check on the new application and it's right next door to the Pascale tenement that we took over from Province Resources last year.

The land grab continues - GLA Paddy

Nice article in Australian Mining about the "Goldilocks Zone" that can lead to mineral endowments in a region when the temperature is just right. We know this must be true for Havieron and giving the plumbing in the region with the NW trending diorite dykes and the NS trending dolerite dyke I'd say the probabilities of additional Havierons being found are reasonably high.

https://www.australianmining.com.au/news/goldilocks-zone-the-key-to-metal-discoveries/

GLA - Paddy

I think you'll find that GDXJ are the biggest shareholder of GGP stock at over 220million shares.

If you don't know that CJM then that says it all IMO.

cj - I'm not saying that GDXJ are but you asked from where and whom are they borrowing stock.

I'm just saying there are plenty of avenues available to them if they so desire.

https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/securities-lending/

Look at the prospectus of the GDXJ fund - plenty of shares available there if so desired.

Hi MFU - thanks for the build-up, so I'm nicely set up for a fall from grace now :-)

I've always been privately fantasising about obscene numbers of ounces getting declared but the reality is they can only announce the amount that is supported by the density of drilling that they have managed to achieve over the past 12 months.

There's also an understanding that NCM are a bit of an old dye-in-the-wool behemoth who will 100% error on the side of caution and under promise and over deliver (eventually). If Shaun & GGP were in full control of the MRE updates then the drilling density would probably decrease and we'd get multiple upgrades throughout the year.

Having said all that - personally I think a doubling of the current "inferred" category from 4.2Moz Eq to somewhere in the ball-park you mentioned is definitely a possibility but again it's only another staging post on the long and winding road.

GLA - Paddy

Remember folks - less than 2 weeks or 9 trading days until we see the MRE 2 in the flesh.

https://www.newcrest.com/investor-centre/key-dates

Newcrest Half Yearly presentation will be on the 17th in Oz so we will see it on the night of Wed the 16th.

Sandeep will be doing the usual video presentation and will have a Q&A session at the end - I wonder what the questions will focus on with the 5% negotiations deadline looming large too.

GLA - Paddy

Been quoted 15.7p to buy 500K on IG Markets - hold tight.....

Love to see it - anyone who's researched is 100% not selling a bean on this drop and it will only serve to squeeze things more & more in the coming days and weeks.

Do your worst boys & girls.....

@Khrysos - if the 5% is worth $280M right now then the 25% in 5 years time would be worth a hell of a lot more.

I'm not saying that NCM don't covet the remaining 25% but I don't think there's enough work been completed on the property for them to be able to come up with an offer that would be acceptable to SD and the BOD just yet.

We'll see what happens but if a bid for the whole 100% of Havieron were to come then I'd think it would be more likely after the FS at the end of the year IMO.

Hi Hydro - I realised that after I posted the tweet but TBF, I'm more than happy that it's from a completely new high grade zone and not a SE infill as you said.

A few more of those new zones in the Eastern breccia will make a lot more people sit up and take notice - fingers crossed.

Well they'll be worth a fair bit to either me or my kids Dan when we are still holding GGP shares and the dividends from the FCF have been steadily rolling in over the decades.

Generational opportunity here at GGP in my opinion - just need people to have an investment horizon long than the end of their noses.

GLA - Paddy

Haha @Doggy100 - bored at work and I couldn't resist.

https://twitter.com/paddygall1/status/1488967809828802565?s=20&t=9mwBHpWa3LnpVNiFbplXNQ

ATB - Paddy

I don't know what Shaun's plans are for the 5% windfall but personally I'd love for him to carry on and use bank finance for our share of the capex for the remainder of the FS and the construction of the starter mine. Then after paying back however much we have spent from the $50M loan to NCM in full - use the remainder to drill the bejasus out of Scallywag, Tabletop and start the ball rolling on Earnest Giles.

Also if NCM want to step up the exploration at Havieron we will be required to fund our 25% stake in that as well. I think this would give him all the options that he required going forward until FCF starts to pour into the coffers.

Just my opinion though - Paddy

Quality Podcast by Shaun Day - very happy camper here but it seems there's loads & loads of PI's who have decided to sell up after listening to that - you're havin' a laugh guys.

All eyes on MRE2 in less than 2 weeks time - bring it on boys, Paddy

Loving this podcast from Shaun.

Telfer style opportunity at Havieron and Telfer is a +20Moz deposit.
Other base metal opportunities at Havieron - Nickel anyone?????

Great stuff Shaun - keep the PR flowing.....

I hear what you are saying @antigua18, but we have what we have, regardless of whatever AC says. The intriguing thing is if it does run up into Atlas / Apollo then what we have will grow exponentially and we'll all be happy together.