Member Info for PaddyGall

If Newcrest stick to the same schedule as last year then we should see the results this week, is would say though that there are 13 weeks between the December and March quarterlies so if they decide to go exactly halfway then there's a possibility that we will see the results on Monday/Tuesday next week .

Just be aware and don't freak out if we don't see anything from Newcrest this week as there is no fixed date for interim results.

GLA Paddy

Those are part of the sewage handling facility for the exploration camp. They are part of the evaporation field I think off the top of my head.

I have the document somewhere that shows the layout of the plant but I'm out and about on the phone only today.

ATB Paddy

Vacancy on the Newcrest website for an "Underground Mining Engineer"

https://www.newcrest.com/careers/current-opportunities?job=979747

"In this critical fixed-term contract, you will support the establishment of the Havieron Project for underground mine development from the later stages of the box-cut construction through to the commencement of the exploration decline."

They are manning up for the push from the box-cut and into the decline development.

Can't wait to see those trucks bringing the ore up the decline from the ore-body, exciting times.

Back to ramping again then Spy :-))) you must be bored lol.

All joking aside you have hit the nail on the head - people are probably more wary as they have a lot more to protect than they did this time last year, I personally have felt that massively on the drop from 37p to where we are today but I believe more than ever where the end game will be for GGP.

Scallywag is not over by a long chalk either IMO - multiple pathfinder elements from the drilling and all the downhole information they have gained will be added to all the surveying and modelling data they have assembled over the past 2 years.

I'm more excited than ever by the prospects we have in front of us and while the general markets may be giving us a kicking at the moment, I take solace from interviews like Sandeep did last week and the weekly updates we can see from the satellite images - Newcrest aren't bothered about the daily fluctuations in the gold / copper price and neither should we - eyes firmly on the end game and the big prize IMO.

ATB - Paddy

It explains the procedures in here.

https://www.thetakeoverpanel.org.uk/the-code/download-code

I like this paragraph in there

"Profit forecasts, quantified financial benefits statements and asset valuations must be made to specified standards and must be reported on by professional advisers."

What would be the asset valuations put on GGP's assets in the event of a takeover bid???

ATB - Paddy

Don't get me wrong folks - I'm not in the slightest bit worried, in fact everyone, everywhere is predicting that all the current market reactions will be bullish for gold as the year progresses and especially towards the end of the summer when we will be looking forward to a pretty seminal moment for the development of our little company as Newcrest will deliver the PFS.

I was just commenting on the lack of posts this morning and the general malaise that seemed to be percolating through - great to hear that many of you are still looking in and keeping a watching brief as we approach the news rich period over the 2nd/3rd quarters this year.

GLA - Paddy

I seem to sense a bit of nervousness on the part of holders this morning, could be a bit of a tin hat day across the board today.

GLA holders - Paddy

Agreed 100% Kevin, that's mostly the reason I don't post as much as I used to. I'm still fully invested here and waiting for it all to play out but people need to do their own research. All the info is there in black & white, it just takes a little effort to read and decipher it.

If people were a little more diligent then we wouldn't have all the wailing and gnashing of teeth during the periods like we are going through now - I've been through this cycle multiple times where the market takes the p1ss and then suddenly we are off and running again.

The catalysts for the share price could be multiple this summer and the current value is more than underpinned by Havieron so I'm more than happy to wait and see what the eventual outcome will be.

ATB - Paddy

It's a reasonably easy calculation to work out a figure for the value of the Havieron deposit using the same metric that Newcrest used in their MRE report and then use the most current volume calculations supplied by Hannam in their recent broker update.

The NSR that Newcrest use is inherently conservative considering that they use $1,400/oz Au & $3.6/lb Cu values. The NSR also allows for all deductions for mining, processing, transport and tolling charges to be included so should be reasonably safe to use.

The only unknown would be the level of NSR for the breccia in the bulk mining estimate - I have allowed for A$25. I think that would be about right as the grade would obviously be less and the transport, mining & processing costs would be higher but offsetting that would be the block cave costs per unit should be less than the costs for the SLC mining of the HGZ.

So we know the HGZ from the MRE is 54Mt @ A$50/t
Hannam have estimated 474Mt for the breccia and lets say A$25/t

That comes to A$14,550,000,000
GGP's 30% share is A$4,365,000,000 or £2,444,400,000 which works out to about 58p/share

I would also stress that this is on current drilling and Hannam/Newcrest have specifically excluded the NW sulphide zone and we know that Newcrest are not doing 65km of growth drilling up to June 30th for the fun of it, and we are still open in pretty much all directions and at depth.

I believe that there is plenty of scope for the share price to rise in the coming months - the sentiment in gold and silver will turn (look at copper since the start of the year), Newcrest will continue to outperform against the metrics that they have set for the development of Havieron and if they find another HGZ on the 12 blocks of the JV as they hinted at then all bets are off.

I agree that AIM shares are not guaranteed and are certainly not for the faint-hearted but IMO, Greatland is as good an investment as you could possibly get on the AIM exchange, but please, please DYOR and only invest what you would be comfortable with losing because there are no guarantees.

Looking forward to 14/14 - hopefully next week - Paddy

Sorry Bamps - crossed posts....

@Shorn - that was just for the proven up section of the crescent zone as per the MRE. It was shown as 54 million tons. Bamps has divided that by the 6 Mtpa if the SLC technique is used.

If you look at Bamps posts further down he also has done a yearly calculation for the lower grade breccia zone which would be block caved - up to 2053 I think.

ATB - Paddy

and copper

I know the Paterson is where it is at for us at the moment but here's a timely reminder of how out Panorama tenement is also located smack bang in the middle of another of WA's ultra hot exploration areas.

https://www.theassay.com/feature-story/there-are-fortunes-to-be-made-in-the-pilbaras-latest-gold-rush/

The future's bright - the future's GOLD.

Hi Bamps - where on the NCM website did you see that info. Could you provide a link to the page please.

Thanks - Paddy

Absolutely gonna be 14/14 - there's no way that Sandeep is going on the record with comments like "every time with drill a hole we hit gold" and then produce a dud interim report.

The more interesting part for me is to see if we get any more hints about the other targets on the Havieron license that they spoke of briefly in the December quarterly.

Bring it on - Paddy

https://bmo.qumucloud.com/registrationlookup?url=https%3A//bmo.qumucloud.com/view/2021-gmm-newcrestmining&pguid=mWU1QvUUF5S#/

The Q&A is available to re-watch again just now.

Have a shuftie at the Newcrest website tonight. Seems that Havieron has officially been upgraded to a Newcrest asset.

https://www.newcrest.com/our-assets/havieron

GLA - Paddy

@Darby - it's an option that can't be ruled out but only time will tell. I still think that taking it to production would be the real game changer and would give SD the ammunition that he would need to take GGP to the next level especially if we are looking at 25% profits from 5/6 million tonnes pa in the first few years.

ATB - Paddy

He said the PFS could mean they will use SLC initially on the crescent zone instead of stoping - that would mean 5-6 Mtpa initially instead of 2 Mtpa.

Imagine 5/6 Mt of high grade sulphide zone material into Telfer in the first year and they must be seriously considering that method in the PFS otherwise why even mention it.

Excited again - who's looking forward to the next drill results now, ATB Paddy