Member Info for Droverman

When the DTM is defined and the next MRE is calculated then we have a resource that will be monetized as value in the ground so if the MRE is 10 million oz and GGP share is 30% X say 300 usd oz we are looking at a value one billion USD so about 18p SP and that value will increase with POG increases or decreases. The next increases will be the MRE and then production. DM

Hi ChartaRex, i do the same but the other side of the trade as i have the horses so its turd crypto for me. All crypto are Ponzi scheme except for Bitcoin different set up but as i don't understand anything about them i stick with GGP, gold and silver in that order. Roll on the DTM for the next tick up unless we find another HAV in the meantime. DM

Hi Speedy, some say that there is now more paper gold and silver than what has been physically produced over the last 2000 years so i look at HAV being better than my deposit in a bank and until HAV starts producing my deposit is increasing and compounding every day as the deposit increases in size and the POG/Copper increases at the same time, cant be in a better position than we are in at the moment. With crypto and bitcoin going to the dogs and i think ready to blow up if Binance also fails then the lot will fail except bitcoin which i think will survive but at a much lower value where it will remain as the cost of mining will be too high to make a profit. I think Central Banks have forced them into this position exactly as they have done with gold and silver over the past 40 odd years. They don't like losing control of Fiat until they have something to replace it with and that means their own crypto so they can continue to control us but more so. DM

I think that 3000 usd an oz is conservative in 20 years time, what was the price of gold 20 years ago, i think around 230 usd oz so over the last 20 years it has increased 7 times, so taking the POG at the moment times 7 = 11500 usd oz which will be easily reached if we go on or part of a gold standard. Jim Rickard is now thinking 25000 usd oz at least for gold standard up from 10000 usd due to the increase in USA debt over the last 2 years. DM

Hi Guys all it takes is for one bullion bank to not deliver on a contract either gold or silver and you will see gold increase 100 usd per day at least. Silver deliveries to mints have stopped at this time as the banks have no excess outside delivering bars mainly to India and other Asian countries. Gold increasing at 100 bucks a day will see all miners and companies like GGP who are close to production go to the stratosphere and as Speedie says its coming sooner than you think. Its anticipated on the collapse that silver and gold will sell down before shooting up. The other thought is a new world currency based in some part to gold is being prepared for when the banks go bust including the central banks as the Bank of England nearly did last week. Any new reserve currency will need gold at least 15000 usd ox some say up to 80000 usd oz all depends on who you believe. What ever happens GGP and NCM will do very well out of it and so will we. Credit Swiss and a German bank are on their last legs and if they go then the whole lot comes down, Need some gold and silver coins and i find difficult to buy and if you can the premiums are excessive but when the shxt hits the fan you will not find any to buy at any price. DM

Agree Zoros, Fortescue Metals stated not so long ago that they wanted to diversify into other metals so they could be hedging their bets by buying into GGP and as you said just perfect for them if NCM decided not to mine HAV and maybe as Twiggy/Wyloo have taken a position in GGP and now NCM are now also in a good position either to mine HAV and use Telfer or sell the lot to Fortescue so either way its good for GGP to holds steady. DM

All the editors at Southbank research we asked where would you invest in this inflation times and recession, of the 9 editors 8 said gold and one specialist on mining said Gold and one junior miner called Greatland gold as its massively undervalued and sitting on a once in a generation deposit, so fill your boots guys and hold for gold. DM

Hi TT was wondering if there is a leak on the voting, if its positive i would expect a rise in SP as we are seeing and if the vote was going negative then we would see a big drop as the shorters move in big time, Just hope its a big positive of more than 80% for yes. DM

Hi Agueroo and SAS, i presume that comment from Furgie was before the big money boys entered the race and invested huge amounts of Arab money, i hope for the same for GGP stadium at HAV buy its underground and will last a lot longer than City he he he. DM Been a Manu supported for the same 70 years.

Hi Seav, SD stated that the 60 million for 5% was very conservative and was done to ensure he was closer to the mean value of the 5% than NCM was. DM

NCM annual report still does not indicate any holding in GGP shares, holds Solgold, Antipa. The report mentions a list of all the subsidiaries of NCM, which is many, but would still have to mention all holdings in the main report as assets. Took a lot of reading to find this out. DM

Well done Aldo, now you need to vote on 5 resolutions for Friday GM points 1 and 2 are critical, the other 3 are normal stuff, read the RNS and you will see its important which way you vote, DM

Hi Ben, in 1985 we were in a similar position when the pound was nearly 1 to1, i was working in Saudi at the time working with an American company, one guy who had a very large USD living allowance ask me what to do with them, i said buy sterling. A few months later on a Sunday night the FED and bigwigs around the world devalued the dollar and revalued other world currencies to stop the world going into recession. A strong dollar is not good for anybody including the USA. The only difference then to now is for the last 3 years or so there has been a world war 111 currency war going on and we are all stuck in the middle of it. Gold is the redeemer and i was watching Wallstreet silver interviewing Willum Middlekoop and he was asked the question which is the best mining share to put money in based on the present financial problems now and near future. He said there are 2, 1st main one was Greatland Gold as they are vastly under valued and have a huge beautiful ore body with loads of gold and dont forget the copper, the 2nd share was SOLG. So there we go, say yes to all the resolutions is the only way to go. Middlekoop has GGP in his own account as well as in his company Commodity discovery fund. DM

Wrong side of the border for Putin though i believe he would like to come to my side of the border to take on Nato not the European Union as they are fragmented and have no idea what to do. As Putins cronies said in the media he can be in Paris in 4 days, bit strange when he couldn't make it to Kiev in 6 months.
Russia going on the gold standard is one thing i would agree with and very quickly see 5000 usd an oz as a minimum. Did you know that 45 signed an executive order to take the dollar onto a gold standard which would have increased gold to 15000 usd oz if he had returned to office. DM

Hi Bellers, don't think Sandeep has the balls to pull out of HAV or delay it after spending so much money and promoting both HAV and Telfer as the next big thing, no major pulls out of a tier 1 mine at the start of production and 20 to 50 years of mining operation. All we need is another discovery and all it takes is a half HAV in size to do it as SD has said many times and must be close as is the only reason why the new board members have joined. DM

Hi Wastred, sorry i could not reply as i was off to visit the Russian border to see what's going on and is why i took on your statement and why people need to wake up as to the reasons why we are in this situation and why in the short/medium term will affect GGP share price and my holding, I live 100 miles from the Russian border and basically a T72 tank can be in my back yard within 3 hours, maybe they know i am here as i fly the St Georges flag on my pole. Geo Politics are the main discussion here as well as the price of gold and silver and how to use it in an emergency. Oh by the way Biden has a J as well and is more likely to go there than the other J. DM

You have no idea Wastred, most independent Yanks wished they never voted for the senile guy in at the moment who takes orders from 44s bunker. World would be a better place if the Orange man had got back in and in many ways. DM

So have i Potof, all resolutions. We pay the BOD to manage the company so let them manage it. If punters don't like what they do vote them out of office, but do not forget you might not get what you wish for, could get a Biden run of directors who do not put up the fences to keep the thieves out. DM

Agree Matty, consolidation will drive away the small punters and for sure it hides nefarious dealings of the BOD who are just along for the ride as i have found many times with my dog shares LSAI, GKP, RMM ETC just let the shares run and we will be very well rewarded, DM

Hi Hammy, tolling cost by contract is cost plus 10% for the length of the mine life. A very good deal done by GH. DM