Member Info for ChartaRex

Careful Daveri007,
You'll end up on the naughty step, like me, if you don't slavishly follow & agree with the groovy gang :)
They don't like independent though on this BB :(
Regards
Rex

Why d'you ask?

Hi Viking,
GGP are well capitalised going forward (cash and loan facility) so I can't see any any need for share dilution or fund raising and they have a strong & supportive JV partner for both Haveiron and Juri.
Over the next 5 years I hope we'll be cash generative, producing from Haveiron (within 2 years) and possibly Juri slightly later if the numbers are good. All in, I think we'll be considerably bigger than we are now.

Regards
Rex

notrader,
You said:
The trouble is, you do make assumptions. In your SP estimate calculations, you assume a POG, you assume an AISC, you assume an exchange rate. You posted "I know this is getting bigger every day." No you don't. you are assuming that unreported drill results will continue "hitting additional gold with every drill they do" When you invested here, you assumed that the SP would rise from current levels at some time in the future. There are no possible published facts which would make that a proven fact.

POG is $1800+ right now - Google it!
AISC figure I've used is mid range (I've seen figures range from $330 to $1100+ quoted)
The Dollar is currently $1.40/£1 - Google it!
GGP have been reporting "growth" drilling results since the initial 4.2m oz - you should read the RNS's.

These are FACTS!
Regards
Rex

Antigua18,

Thank you for acknowledging I'm being balanced. To clear things up, I'm not trying to undermine Bamps - I'm merely saying the only numbers that count are the ones given out by GGP. I can see Bamps has put a lot of effort into what he's doing, but he doesn't work for GGP (as far as I know). Like the rest of us, he's a private investor with his own reasons for being here.

Regards
Rex

SoundofSilence,

Wow! that was a bit of a rant eh?
I've quite clearly stated my calculations and the sp is currently fair value. That is not a discussion point - the numbers don't lie. I believe GGP have a way to go, that is my belief & that is why I've invested.
Oh, one last thing, I'm not your "lad".
Regards
Rex

Blantyreboy,
Dodgy? Please explain.

Regards
Rex

Redirons,

Maybe I didn't make myself clear. I've been reading comments on several shares on this BB for years - there are some very insightful comments. I did NOT say GGP. Believe me, I wish I had seen GGP last year when some of you guys did! :(

Regards
Rex

Bamps et al,
I'm assuming nothing. The detail below is from GGP.

Taken from the 22 July 2021 RNS:

o Growth Drilling continues to confirm extensions to the high grade South East Crescent and the Northern Breccia mineralisation below and around the initial Inferred Mineral Resource estimate.

o HAD138 (Northern Breccia) reported 84.5m @ 2.0 g/t Au & 0.05 % Cu from 683m, Including 12.7m @ 6.0 g/t Au & 0.01 % Cu from 685.3m.

§ 2021 Growth Drilling is progressing into FY22

Bamps, for the record. I've only registered on this site in the last few weeks, though I've been reading comments here on multiple shares for several years. Additionally, and more importantly, I am absolutely NOT pouring scorn on your input & I apologise if that's how I'm coming across. However, the only people who can accurately predict the resource are on the ground at Haveiron and like you and everyone else, I hope this really is a monster. But I'll wait for the official numbers if you don't mind :)

Regards
Rex

Hi Texlan,

What I mean is that since the 4.2m oz that's been declared by GGP, they've been drilling constantly and hitting additional gold with every drill they do, as per the periodic RNS drilling updates.
That means the're adding additional ounces.

Hope that helps
Regards
Rex

Hi Bamps,
You say:
"On the assumption that there are 2 oviods"
"If the top oviod also increases"
"If eventually the ore reaches"

"Assumptions" and "ifs" - That's not a game I'm going to play.
We have 30% of 4.2moz equiv, it's open at depth & in 3 directions. We have the Juri JV, Goliath, Scallywag, Tazmania et al. That is what I know. Anything else is speculation until the numbers are released. None of it matters to me. I know this is getting bigger every day. How big? I know not, but time will tell.
Regards
Rex

Hi notrader,

I see that royalty payments are included - but taxes aren't. So there are still deductions to be made from the profit stated. Different mining companies use different metrics when calculating AISC. To find out the tax paid I'd have to delve into the annual accounts, but I really can't be bothered. I know there is plenty of value to come in due course so I'll play the waiting game. As everyone know, it's open at depth and in 3 directions. Time will reveal all. :)

Regards
Rex

Regards
Rex

Bamps,
Let's not compare curves! :0
Wish I'd seen GGP late last year, but you can't win 'em all. Still, I think we all know this has a lotta legs & I'm glad I'm in near the beginning of the journey.
Best of luck to all GGPers :)
Rex

I will not* sell

Bloody fingers! :(

Hi Bamps,
I don't think I am behind the curve on this.
I've stated my thinking (and calculations below!) on the current sp.
I've invested my ISA for 2021 in GGP at 19.4p, which is currently fair value & I'm happy with the price I paid.
And now I'll wait..........patiently..................for the resource upgrade at Haveiron, drilling at Juri, Goliath, Scallyway et al.
I will I sell until I get final numbers in over the next 4-5 years.
I'm ahead of the curve.

Regards
Rex

Yellowstuff & StarBright,
Thank you for your considered posts. I'm glad we agree on our calculations.
Zoros,
Your numbers look good to, but you need to assume taxes & royalties will need to be paid - if the Aussie government give us some sort of tax break in the first few years I certainly won't complain! :)

regards
Rex

Hi notrader,
I don't believe I have made 2 errors. Yes, I know its gold "equivalent", hence I didn't include the copper as an addition. As for the taxes/royalties, whilst their may be credits, tax deductables etc available, it's best to err on the side of caution when calculating valuations. I'd rather underestimate the sp and be delighted when it goes over, rather that be disappointed when it doesn't hit an unrealistic price target.

Regards
Rex

Hi Notrader,
Ok I'll give it a go!
We have 4.2m oz, of which 30% is GGP's. Therefore we have 1.26m oz
Gold is currently $1800 per oz (approx).
I'm using a LOW AISC of $500 per oz. (Telfer currently has an AISC of $1,160)
Therefore we have 1.26m oz x $1300 per oz.
Now we have a valuation of $1.638bn.
Converted to £ at $1.4/£1 gives a value of £1.170bn.
Less Australian taxes/mining royalties etc of 30% gives a valuation of £819m.
Divided by 3,957m shares gives a current value of 20.69p.

Admittedly when originally invested the price of gold was just over $1700, which is what I did my calcs on.
Before anyone starts shouting and screaming, until GGP provide solid numbers, it's all fluid, including the price of gold, the size of the ore body, the AISC and the $ exchange rate. In other words, nobody can accurately predict where this sp will end up. All I know is money will be made here, in time, and Newcrest aren't going hell for leather for no reason.
regards
Rex

Hi Bamps,
Don't take this personally, but broker estimates are just that - guesstimates! Their not worth the paper they're written on.
As I said before, I'm not knocking you, your posts are incredibly informative & interesting, but let's stick to facts.
Lenz,
Thank you for acknowledging the current fair valuation. I expect it will increase over the next 6-18 months as additional resources are booked. I expect to make a good profit here, in time.
Lebugue-addick,
Your facetious comment is irrelevant. I can wait as long as is necessary for value to appear. I'm fully stocked up - at fair value - unlike the 38p brigade.
As for everyone else, instead of wishing the sp up just to make yourself feel good, you should be quietly accumulating like crazy at this price!
Regards
Rex

Hi Lenz,
You may well be right, but until it's in an RNS it's speculation & wishful thinking. I've been investing in mining & oil stocks for years and I've seen/heard it all before. I now only invest on facts.

For the record, I've got my 2021 ISA fully invested here at an average of 19.4p. Based on the current resource we are fully valued - not what most want to hear on this board, but true. In time I expect to make a good profit in this company. So before anyone attacks me as a de-ramper, I'm most certainly not. I expect additional resouces to be added. How much? I do not know. When? Again, I do not know, but hopefully before Xmas 2021 and well into 2022.
Hope that explains my position.
Regards
Rex