For anyone feeling nervous - you shouldn't be .....19 Sep 2020 18:48
GGP is a gold exploration company, who own a prospect called Havieron. Having hit good gold mineralisation Newcrest Mining agreed a Joint Venture.
Newcrest because of their own needs have blitzed through 3 to 4 years development in just over 18 months and are committed to achieving a Maiden Resource Estimate before the end of 2020 and the licences to start a Decline towards the mineralisation in early 2021. Due to the use of public Satellite images this board is fully aware of each move by the 9 drilling rigs currently employed on site at Havieron (and the 2 that are prospect drilling at Scallywag), allowing us to follow the Step Outs as they happen, currently 8 drills seem fixed so we know this will be 'Infill Drilling' and Testing at Depth as the last report indicated it was still open at depth, the other Drill is peppering the NW area where there is much interest.
The potential gold in terms of the millions of ounces has grown and grown. We look to have an extraordinary large and very mineable Tier 1 resource ( over 8 million ounces recoverable at a commercially viable costs ). We are due further updates on outstanding drill cores by Newcrest by the end of October.
The last β10 out of 10β sets of drill core reports have been exceptional and the way that Newcrest are keeping everything focused 24 hours a day 7 days a week there is no sign that reports 11 or 12 will be any different. We now know that as of the 10th September 2020, NCM release, that the mining licence has been granted.
With a continual flow of mining jobs being advertised by Newcrest it is not difficult at determine that most of the Specialist Mining jobs are in preparation of a Havieron Mine.
There are strong indicators that Earth Moving contracts are or have been signed ready to begin the process of excavating a Decline towards the Havieron mineralisation.
Newcrest have a very strong determination to reach, mine and transport Havieron Ore to Telfer within the shortest possible timeframe.
The expected inclusion into the GDXJ happened on Friday and this fact will further solidify the future prospects of the share price. There is a good possibility that we will see further purchases by the GDXJ fund during the December balancing of the exchange.
So what is expected over the next 2 to 4 months is just more of the same, plus the now expanding MRE will define the project making it irresistible to Institutional Investors which is when the share price will move closer to 35 / 40p.
We know that Havieron is a very large find we just do not know how big, either in dimensions or total millions of ounces of Gold β Plus there is the Copper content within the mineralisation which is another added bonus and further strengthens any decision to Mine.
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