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Commodities are now in a super cycle which is the start of the third cycle and it started 3 years ago so it has about 11 years to go to the peak. All commodities are involved and GGP is in the perfect position, better still if we found a large deposit of silver as its the only commodity that has not reached its ATH. If you look at all the Silver ratios like Gold, Oil, Copper, S&P 500 Silver should be at least 650 us oz which is based on its ATH of 50 usd oz with inflation taken into consideration. So gold, silver and copper have a long way to go. DM
best way forward for nem is to say to ggp what price for everything in the paterson and take responsibility for everything in other words wash our hands of everything and walk away. i say yes 1$ and 300 million usd bond to cover restitution of telfer. ggp would have to use nem/newcrest design and engineering practices and mining safety manuals to run telfer and finish havieron as ggp will not have such a document/manual, one cant do the repair of the tailing dam on the back of a *** packet. dm
Daz, GGP do not have to make an offer for Havieron, only match the highest bidder if there is one. For Telfer it is not the same unless NEM include Telfer in the same package so then we also have last refusal as they cannot split between the 2 projects. DM
I think that GGP has been negotiating with Newcrest for buying Telfer and 70% Havieron for sometime and now Newmont that is why SD has been improving his BOD and other bods before NEM came in the scene. The change in the debt facility was also negotiated before NEM TO of Newcrest. My feeling is the decision on Telfer/Havieron will come soon and should have been sooner if the ponds didn't start leaking and now the stop in production has thrown the spanner into the works so to speak. If the boundaries of the TO had been sorted but not signed then for sure GGP will want sureties on the additional cost of repairing the ponds and restarting the plant.
Don't forget NEM have to produce the FS and decision to mine which are contractual and would affect the TO price if not resolved.
The good news is my Storks came back to the nest after disappearing when GGP share price plummeted some 3 years ago so i presume the SP will now increase when they lay the eggs as they did before, fingers crossed. DM
Seems to be a trend that when POG goes down Bitcoin rises and this includes spikes in POG like when Iran was struck as well as bases in Iraq the other day. I think that when the markets crash Bitcoin will as well and gold will get those reduced funds as safe haven. DM
You need the Brits as well as gold miner shares. We are in a super mineral cycle which started in 2020 which will last to 2035 at top of the cycle. Average super cycle lasts on average 29years from the bottom to back to the bottom of the cycle. We are in the best position of the super cycle which is on the rise and as we go into production we will be increasing the gold amount to 300000 oz per year at the same time the POG and copper is also increasing as long as the energy is not increasing at the same rate. In the future we will be at the top rate of production and much higher POG which will provide funding for the development of the bulk caving project and going into higher production while we will be still on the upward curve of the super cycle, would be nice if the total production is more than 500000 oz/yr by year 2029, still hope to be here at that date Lord permitting. DM
Did you notice that SD during his last interview yesterday stated many times that WE have in Havieron infrastructure going forward and again twice WE have 8.5 million oz gold and don't forget WE have the copper, was he hinting something good is in the works? A very positive interview, we await a positive RSN very soon i hope being next week. DM
I wonder if its the BRICS new CENTRAL BANK. If BRICS want a new currency and to make it a reserve they need lots of gold and the BRICS countries do not want to hand over their gold reserves but are willing to hand over their dollar reserves to buy up gold. DM
Don't worry, look at HZM was 175p 7 months ago and now today its 0.4p, down and out as they did not get financing in time while GGP has all the finances ready to get the stuff out of the ground and to the mill. All companies like HZM are in the same boat IE OMI, CNR and hundreds more are going nowhere again due to finance. GGP is going mining and to the moon. DM
Hi Ben, gold backed crypto peeked at 3000 usd oz when Iran fired off the missiles and then fell back to around 2450 usd oz.
Crypto market doesn't close like the gold/silver market so i think we will have a similar peek for gold on Monday when the markets open, how it plays out depends on Israel response where oil/gold and silver end up next week. Off to fill some containers with fuel, crude oil will go to 500 usd a barrel if Iran closes off the Gulf. DM
I think the next RNS will be the new drilling plan for the year, hope its more in our 100% area`s than the JVs apart from what is contractual. The next RNS should be about the decline and the next MRE, FS and DTM in that order and the joker is NEM accepting GGPs offer for Havieron 70%, Telfer and their JVs as all have to be in one price.
I prefer royalty payment say 2/3% ex smelter on Telfer and Havieron or 1% on the lot to free up our costs to get Havieron into production and shipping ore to Telfer. DM
Gold in the ground that is known to be retrievable then the price will increase with the POG. Gold being produced will decrease for every oz produced as its a diminishing deposit, this is why exploration has to continue to replenish the deposit. Simple really. GGP have their plan for the future as they have increased the manpower and expertise the other day so the question is why and the simple answer is we are going MINING. To the moon DM.
Is our share being manipulated? Seems the 1p sells are blocking buys, just as much as a series of 200,000 sells to hold the SP down. I have never seen so much as it is at the moment. Maybe we hit the low and they know its only going one way and that's up. DM