Good point dealer, my last thought for the day is the BH results also go to show how special Haveroin is, this is very high grade, huge and close to Telfer.
Perhaps it is a complete anomaly, a freak high grade deposit, and like gold itself more valuable due to the scarcity of such high grade deposits.
Well I guess the sp never moves in a straight line, but what a annoying share, just when you feel it's heading in the right direction it does a U turn!
Haverion is still a monster and on that alone we should see many times our current sp. The other prospects are just a snack, so to devalue on the after dinner mint is a bit whack.
I seem to remember in an interview Callum Baxter saying Paterson ranges east had something like 20 similar haverion anomalies in it, and the Paterson region had around 50 of these anomalies. Maybe someone else could confirm this as I may have been dreaming :)
I think Haverion could be bigger and better grades. Reddirt said it's big and NC know it, they just want to know how big. They are still poking around trying to find the edge. Like trying to find the edge on a roll of sellotape:)
Think telfer cost around 1bn to build with all of its infrastructure, in less than 4 years that would be redundant, as would many of the people working there. Haveroin and perhaps other assets have, as per the NC presentation completely changed how Newcrest are looking at Telfer. At the very least it could be a processing plant for a very rich region, rented by various companies to run their material or just run material from Haverion and ggp s other assets.
You have to ask why Ggp paid for the valuation, they must be expecting some form of offer, but the actual facts aren't all in yet, BH results and continued drilling at HV. So currently 4p but with good results who knows.
After all the excitement of yesterday, seems quiet this morning, is everyone have a lie in ?
Am hoping for another blue day, we totally deserve it, we are still on the cusp of it, and seriously undervalued. 3-4p should be where we are at right now, but investors are a bit sceptical of the gold bull market we are in right now after many got burned in 2016. We will have to get there on good results not market sentiment.
I think one of the most positive things to take from today, must be that people are being made aware of GGP. Even if they dont invest today, they will perhaps keep an eye on us for the next round of drilling or next asset drill results and might invest then. But we are on peoples radar now, which is great.