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Thanks Mushy but I think there must be better forecasts out there!
Not a prediction but a post I made in June made me laugh again:
CountTheChickens
Posted in: GGP
Price: 12.68
RE: Just hold for 74p ( maybe revised up)14 Jun 2020 10:53
So many times on seeing your 74p I would think "How ridiculously high is that!"
I hope in not too many months time I will see your 74p and think "How ridiculously low is that!"
But then again in February I posted:
"I am not worried by the daily movements and i am confident that this will be past 6p in a few months, if not weeks, and will likely be in double digits with the maiden resource before the end of the year."
Although I suppose I actually got that right, the MRE was out before the end of the year and the share price is in double figures!
Well if you make a large enough number different forecasts or make them very vague your bound to have one right.
My very long post in April with a long list of dodgy assumptions and dubious calculations came up with this:
CountTheChickens
Posted in: GGP
Price: 7.625
No Opinion
RE: Havieron NPV 22 Apr 2020 16:02
. . . . . . . . . .
. . . . . . . . .
In ground value per share p 8p
with double length/width of mineralisation 31p
And with gold at $1700 per oz 41p
And with AISC at $200 (a la Cadia) 68p
There it is 37p.
Half way to paradise
Actually Mickey,
I am looking forward to 37p.
At that point we will be exactly half way to your famous 74p forecast!!
Thank you so much.
Quite bizarre why that should be reported by https://latam-mining.com as new current news.
Ok, lets nip this in the bud before it takes off and flies:
THIS IS OLD NEWS FROM JUNE 2017 THE TEXT IS NEARLY WORD FOR WORD IDENTICAL TO RNS EXTRACT BELOW:
Mon, 12th Jun 2017 07:00
RNS Number : 7415H
Greatland Gold PLC
12 June 2017
12 June 2017
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Greatland Gold plans to enter new market with Panorama Cobalt Project
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce it has made application for licences covering a large cobalt exploration property in the Pilbara Region of northern Western Australia.
Highlights
· Greatland has applied for two adjoining exploration licences, covering 130 square kilometres, in an area that Greatland considers to be highly prospective for cobalt (the "Panorama Cobalt Project");
· The Panorama Cobalt Project, located approximately 200 kilometres south east of Port Hedland, occupies a dominant and strategic position across what is potentially the largest coherent cobalt in streams anomaly in Western Australia;
· Stream sediment sampling data gathered by Anglo American Corporation in the early 1970s outlined a 25 kilometre long by 10 kilometre wide area of highly anomalous cobalt, but very little exploration work on the project has been carried out since;
· Greatland will provide further updates to investors as targets are refined and field operations commence.
Gervaise Heddle, Chief Executive Officer, commented: "Cobalt is a vital component in many of the new technologies that are set to reshape the future of the global energy market. Half of the current global supply of cobalt comes from the Democratic Republic of Congo (DRC) in Africa and cobalt projects with the ability to scale to meet future global demands are rare, particularly in safe jurisdictions such as Australia.
"We believe that the Panorama Cobalt Project is highly prospective for a large, near surface deposit in an area that has been almost completely ignored by mineral explorers for cobalt for the past forty years. I would like to offer my sincere thanks to Greatland's technical team for their excellent work in identifying, what we believe, could be a considerable opportunity."
https://www.lse.co.uk/rns/GGP/ggp-plans-to-enter-new-market-with-cobalt-project-2sqsx9gex2yhg7t.html
"The Feasibility Study is the final stage study prior to making a production decision."
https://kuchling.com/four-study-stages-concept-to-feasibility-which-should-we-do/
Has it not finished yet?
Ha :)
TMT "wish I'd done this on the weekend . . " ". . . I am sorry"
No need to be sorry, its a Friday. Life and your wellbeing is far more important than some of the dross that appears on this board.
You felt the need to post your story when you did and you have the support of so many on this board.
Please feel free to express your thoughts and feelings as you see fit at anytime.
With very kindest regards
CTC
Dear TMT,
I never thought that a post here would reduce me to tears. So sad to read your story and it puts everything else posted here into perspective.
I always look out for your posts, when scrolling up the page, before I reach the header, I can immediately spot one of yours from the layout, structure and carefully considered words. Despite your pain you were still able to write you story.
Thank you for all of your contributions and my heart goes out to you.
All the very best.
CTC
Thank you Bamps
ATB
Further to the estimate of 14.5Moz for the whole of Havieron
And ignoring the Cu
If you assume $945 per oz
Exchange rate $/£ 1.32
GGP 30%
Shares 4,206bn
The share price is 74p
Now where have I seen that figure before?
Thank you Mickey
Hi Bamps, Always look out for your posts.
Can I infer from your 17:08 post, that your first attempt at getting your head around the volume etc, that so far you have the following as not in the MRE:
10+m oz in the rest of ovoid.
+1m oz in the eastern breccias
100,000 oz in The NW ex
A total of 11.1+ Moz of Au yet to be reported .
So potentially so far a total Au resource of 3.4 +11.1 = 14.5+ M oz
Excluding those areas still open, gold in this MRE is 23% of your current estimate.
Would the Cu be a similar percentage or are the Cu grades dissimilar .
Thank you for all the work you do.
ATB
CTC
Lesliez
Not made up numbers, HUM & SOLG based on prices in Jun/Jun2019.
Bought into GGP over time in 2019 and 2020 and yes top sliced and bought back in.
Had I kept my original holding from 2019 it would be over £300k on today's price.
Some were posting in a way that to me implied that investors would be better off in these other gold miners, I was simply posting my personal experience of them.
My post was not directed toward you personally.
ATB
CTC
Quite a few posters have come on to this board attempting to compare GGP unfavourable with SOLG and HUM.
In 2019 I was invested in both SOLG and HUM but decided that GGP looked to be a better prospect and sold up.
Best decision I have ever made.
If I had invested into SOLG/HUM the amount I invested in GGP back then it would today have a value of about £30k.
However my investment in GGP is today £165k
What more needs to be said.
ATB
CTC
"Is there a link to a recording of the AGM?"
Yes
https://www.investormeetcompany.com/investor/meeting/annual-general-meeting-4
I think they can. Bob/Bobby does not think so much.
Speculation.
Is that not what we are doing here, investing in GGP?
We are all speculating that the gold that they say is in the ground can be dug up and sold at a profit.