Member Info for Droverman

Depends on the contract as to who pays for filling the pipeline to the refinery metering station. I think it will be MATD so no sales while filling. I wonder how many barrels of oil it will take to fill, for sure management will take that into consideration. Lateral thinker. DM

Wyloo is an invester, Forrest will not be interested in losing money trading, Wyloo is their family investment portfolio. Lateral thinker. DM

Dont forget Newmont who have 10% of the company, if Telfer and Havieron go to Tier 1 assets then if i was Newmont i would bid for GGP. Just think for a moment, they got 475 million USD plus 20% from GGP and 100 million USD to get from Havieron. Now they have 10% and let GGP fix all the problems. Unearth WD pit maybe 15 years full production, WDD maybe 20 years production, Main dome underground and pit, maybe 5 years and then Havieron, for me 20 million Oz and open at depth = > 40 years (SD has hinted many times Havieron is a 20 million Oz deposit). When all is running tip top then GGP meets Newmont criteria as a Tier 1 asset. Plus they know the projects, let alone EG plus others. As a quicky gain > 20 billion quid for me at 8000 USD/Oz 2027. Lateral Thinker. DM

I think SD is drilling like mad to increase the value of GGP as quickly as possible to prevent a cheap TO. We have to be above 8 quid and more than 20 years life in both Telfer and Havieron and hopefuly a big deposit find in EG and other places, For me an eye watering amount would be a 100% premium on the 8 quid, then i would think about it. SD, keep the drill bits humming in WD pit and WDU, thats where the big money is and the icing is Havieron and EG the cherry on top. I worry about a cheap TO and institutions dont care as they will have shares in the TO company so win win. Lateral thinker. DM

As i said before, replying to an idiot makes 2 idiots.

Browns sell off was for the bulion banks who were cought short big time, also Swizerland sold 1050 tons, Canada sold all its gold, Australia/New Zealand also sold most as well as Holland. The FED told them to do it as they could not sell the gold in Fort Knox ECT as they dont own it.

Bullion banks are in a similar position today and City Bank is short 800,000 Silver, owed to JPM. JPM controls the Silver trade, acting as the middle man between the miners and the smelters. Something big is coming down the line and nothing to stop it. Lateral Thinker. DM

The way i look at it is that in the New Year Havieron development will start based on the FS, by then we should have arround 900 million Oz dollars in the bank. With POG over 4000 USD/Oz we should be able to develop Havieron directly from free cash flow. I just cant see us spending more than 30 million USD a month, there is only one decline and that will determine the rate of underground development, then there is the surface and vent developments. I should think GGP will still be adding to our pile of loot in the bank while developing Telfer at the same time. Also the cash in the bank should be yielding 3.5% which should produce arround 30 million Oz dollars a year. So with luck, by the time Havieron goes into production with WD pit and WDU we should still have a minimum 800 million Oz dollars in the bank ready to spend on EG by then, if they have found the mother load. Of course, FCF from Telfer/Havieron will develop EG and other areas so i expect a nibble for SH arround Christmas 2030 and for my 85 th birthday presents. Lateral thinker. DM (If i am still arround by then that is, if not, i will be digging up Havieron from below the deposit 2000 meters down hole with 1Kg nuggets in my pan)

When you reply to a known idiot, that makes 2 idiots. USA Senetor Kenardy. Lateral thinker. DM

When you compare the POG rise in 1980 we are only in the foot hills at the moment. For comparison the POG needs to be heading to 11000 usd/oz and then to beat 1980 peak rise we have to be looking at Everist 15000 and increasing. The only problem is there is little gold left above ground, its all in storage in vaults or in deeper storage like Havieron. USA needs 11000 usd/oz to cover forign debt which stands at 2.3 trillion dollars. At 11000 usd /oz USA can retire that debt be revalueing there gold reserves (If they have any left?) and then issue new gold backed long term bonds, that will crash the other bond yield and lower mortgage rates and save the housing and comercial property markets and SAVE the BANKS. Lateral thinker. DM

Its OCTOBER, ITS a WEEKEND, Its the yearly IMF meeting, OCTOBER is when markets CRASH and MONDAY is after IMF GENERAL MEETING. MONDAYS is when we hear about their SHENANIGANS and getting STUFFED. Be WARNED. Lateral thinker. DM

Bid/Ask spread in increasing for a change. Lateral thinker. DM

Hi H2, something else is going on, not just fiat debasement as not reduced by 50% this year. There is a Silver squeese going on, lots of silver flowing back to LBMA over the weekend as they have increased premiums well above normal, some said the vault was empty on Thursday and they were flying in the Silver by plane, never been done before, always by ship. I wonder when gold will be in the same position, flying the stuff around the world to plug up holes in the vaults. Never to China as they will keep it. Lateral thinker. DM

PJ, central banks will buy at any price as they are selling USA bonds to buy the gold, that is the main difference between now and the last 2 or 3 bull runs. Also, as never before, big banks are now reccomending dropping 60/40 portfolio to 60/20/20, the last 20 is gold products. Appartently there is 40 trillion free cash floating arround in America, just think if 1% of that flows into gold, let alone 200 trillion USD in world free cash flow. Free cash flow is deposits, bonds, treasuries ETC, stuff they can move very quickly into gold. Skys the limit i would say, and some say this gold/silver bull run will run for at least another 8 years. Look at Silver, longest period it was above 40 usd/oz was 16 days, now its been over 40 days above 40 USD/Oz and continuing as we write. Lateral thinker. DM

Higher the POG the lower % wise to have an larger increase in the POG. IE 1000 to 2000 is 100%, 4000 to 5000 is 25% ETC.

Take in the long term Cup and Handle from 1980 (Lip to Bottom of Cup). the calculation gives 9300 USD/Oz and after that, is the new lift up which nobody knows where it will go. IE Naturally, geo politics, great reset, July 4th 2026, and the part i dont want to know. Lateral thinker. DM

As long as China ecconomy does not collapse in the meantime, alot of stuff going on there that is not reported in the main press, and dont forget JULY 4th 2026, i think the world financial system will be changed from that date. USA birthday and Trump will want his golden cake and eat it. Miles Franklin also is now mentioning it, maybe read my post from a few months ago. Lateral thinker DM. PS, alot of gold is flowing back to America as well as Silver.

I would acept a billion quid or more for our Tungsten deposit, would pay for Havieron Capex and more. Oh plus a royalty payment 2.5% net.

This month and rest of this year is going to be very interesting, "we live in interesting times" as they say. Lateral thinker. DM

Been going on since Clinton let China into the WTO and then the WEF and gobalists took over world trade and then the Net Zero lot started and this is the end result. Cant blame Trumps 1st term as he was given a crap cabinet by Obama and then the swamp impeachment ruined his presidency and we got Biden. Our Tories screwed up and the result we got our WEF controlled Starmer who is mixed up with this with his Internation law, UN and other stuff, makes you weep that the world is in such a shxt state.

The above is the main reason why Gold/Silver are replacing countries treasuries instead of dead Pounds, Yen, EURO and Dollars and everything else inbetween.

Dont forget OCTOBER is the month when most crashes occurred and still 19 days to go.

Rant over, sorry about that, hold for gold/Silver and the great GGP. Lateral thinker. DM

I would like to see that any gold produced over 80000 oz a quarter should be held in GGP treasury and let it build up for big emergencies. No different from you or me stcking a few gold coins in a safe place. Very fluid to change into cash when needed. I prefer no debt and a few hundred million tn the bank, like 1 quarter production after all costs and CAPEX covered. Any problem with the main plant should be resolved within 3 months, so having cash/gold as back up is important as we only have one process plant for all our projects.

Lateral thinker. DM

Or its all there so no need to coment. Lateral thinker. DM

Have to be careful that Ned Kelly doesnt nick it Summit.

Why not pay gold for dividens, in the old days the miners payed everything in gold, salary, vendors, suppliers and for machinery ETC. Into the 1930s i think. Lateral thinkers. DM