Member Info for Droverman

SD has always stated that he was a dividends man once the CAPEX has been made for the near future. With the POG increasing and CAPEX cost is low and gold at say 4000 USD/Oz he has to pay a special Divi first and then a planned Divi. No use having hundreds of millions stuck in a bank waiting on what??????? Do the maths if POG was 4000 USD/Oz and rising. USA 250 anniversary is next year, July 4th, i think Trump has something spectacular planned, HUGE, Mount Rushmore stuff, like saving America by going back on some kind of Gold Standard and pay off the debt. Wonder which side he would want his mug on, would deserve it for sure and at the same time keep the House and Senate after mid teams election next year. DM

Agree with that Rotherby, mine is getting more complicated with one family in the UK with the government looking down the sofa for change and my other family live in the Baltics where they are looking for money for defence. Russia is not so far away. Worked all over the world, thought to settle in Brazil but that's another family, but sorted a long time ago. Had some thoughts about setting up a trust in 2020 but that went down the drain with the value of GGP going down, but things are improving somewhat with my nose at water level, just have to find the ladder to get myself out of the pool and back onto the sun lounger and take a different view on our present situation with GGP. Diving board next, hope the high one very soon before diving into the golden pool looking for those golden Brits to dry off with my golden GGP shares certificates. Ciao DM

Sorry, that should read women are not so daft. DM

Charlie Monger stated that balanced portfolios are for mugs, if you have the knowledge, pick 3 high flyers and go all in, only way to get ahead in building a high value portfolio, then you can spread it a bit. For me its depending on age, unless you are stupid like me at 78 years old, the lots in GGP, think i have aged another 10 years since 2021. A young mans game, do not think young women are so daft. Anyway a little tipple of the golden stuff makes things brighter and we have a brighter future now thanks to our team at the top and hope Bizwas/ NEM goes to you know where. DM

Not today by past performance, bullion dealers normally sell on a Friday to force down the POG by 50 bucks or so and buy 1st thing Monday morning, rinse and repeat. Check the charts, been going on for years. The main thing is the highs are getting higher and more important the lows are also getting higher every week from December last year. Gold has out performed every sector of the financial markets since last year, including property, land and crypto, may it continue into the future. Both GS and JPM are stating 3300/3500 USD/Oz this year, very conservative for me, 3500/4000 for me and i think i am conservative on my valuation. When it goes it goes at 100 bucks a day. DM

Callahan's that's is, should be a different thread. DM

Should give it away for free, but we maintain the copper credits. That's the way to do it.DM

July 1st is when Basel 111 is fully implemented, as i understand the financial institutions have to have all paper gold covered by physical gold ie oz for oz or 1 for 1 ratio. This is why so much gold is returning back to USA and eventually to Bank of England who has been playing the paper market for years including Silver. Interesting times we live in. DM

At consolidation, was a TH meeting some time ago.DM

SD stated many times that he does not want a SP more than 70p after consolidation so i think 5:1 at 15p SP around May should do it, leave us with 2.64 billion shares, also good for a split later on when POG reaches 5000 usd/oz. DM

Hi Have Telfer, a new plant at Havieron would take about 5 years to construct and commission. This includes permits, design, before construction ETC. How do you define mine capacity, that is the problem, if you design for 3 MT a year and then want to increase to 6 MT a year? What if they find new deposits like at Black hills or closer in the meantime, maybe better to build a new stand alone train at Telfer with many options to the type of ore and grade to put through it. For me that's the better option. DM

Full production from Havieron will not take place until 2028. Havieron full production will be 2.8 million tone a year = 7600 tons/day, Telfer on train production = 28,000 t/day so Havieron run will last about 100 days through the mill. They will need 1 years ore on site prior to start putting it through the mill. We will need at least 6 months production on site at Havieron to keep the crusher going and then loading to Telfer. I think by this time production from WDD high grade will be next through the same train so that will need another heap on site for mill run, maybe same as Havieron, 100 days a year as both set ups should be similar as both high grade. Can you imagine the amount of gold/copper coming out of Telfer and Havieron. DM

For me, MATD should sell the oil side to the Chinese for 1.5 billion BPS as they don't have a clue how to manage it, find it, and develop new oil fields, give 1.3 billion in DIVI to LTSSH and the rest for renewables as a new company. Still 16000 bps in the red on this share. Quid a share would be nice. DM

Another way to reduce dollar value is to say no more gold in Fort Knox, that will do it very quickly as there will be no confidence left in the mighty US dollar. puff its gone. DM

Quick way is to revalue gold, just like that as they say, question is "How much" only time will tell. DM

For me the higher the PE is better as well as the SP, if we get a SP of suggested 17p then we do not have to consolidate to get into the AXE as we will be far higher than the entry requirements. Secondary, the higher the SP means less manipulation and less day traders so the SP will become more stable, and of course, any LTH who has to sell some will have less shares to sell for the value he requires. Good for all and waiting on DIVI, will come sooner than you think if gold is reset to much higher values than you think. For me minimum 8000 to 25000 usd/oz. DM

SD has on many times stated that any consolidation must leave the SP less than 100p so he must do it very soon or the consolidation will be done at 5:1 which for me is a good end result with just over 2 billion shares in issue. I don't like consolidations as i have mentioned before and the reasons why. DM

OH, don't forget the Nickle in Havieron, Twiggy just loves Nickle. DM

Hi Ben, i remember one drill result, i think A34 had huge amounts of silver, like >1300 grams per ton (See my post from long time ago) and then they said core was smeared and no further comments? In the near to medium term future the main metal discussed will be silver/copper, rare earths and cobalt/other stuff, all of them are within our tenements around Telfer and of course don't forget the Gold. What we don't know is what's under EG, Newmont might have an idea as they did more drilling than GGP and now are waiting on GGP to drill out EG spending money, before taking a JV with us. Penney for thoughts. DM

At the end of the day, Telfer has to pay for Havieron and Telfer expansions, we only need a minimum 350,000 oz gold plus copper each year until West Dome deeps come on line and then Havieron. We will need cutbacks to the pits plus to find nearby deposits that are close to surface that can be rushed into production. What we do not need is to start dipping into the loans as the interest payments will be high and only to increase with inflation/stagflation which is coming down the line. Need POG to be 3500 usdoz this year, giving us 2000 usd/oz profit, that will cover the CAPEX for WDD and Havieron, think POG increase will come this year JPM/GS stated as much. DM