Member Info for GGPThruandtru

Link works. All the middle ground (4 huge couloured segments) is all Antipa owned.

https://greatlandgold.com/wp-content/uploads/2020/07/PatCompMap_v6_18-07-20.jpg

Hopefully that works. Antipas ground is huge. There has been gold and other minerals found in 2/4 areas already and antipa has a personal resource of well over 4moz already from only two JVs. They have 3 JVs with Rio/Newcrest/IGO. All big boys and their current valuation per Oz of gold is under $30. The average in Australia is closer to $200 per Oz. If you want land acreage in the Paterson, they’re the only ones to go for. HUGE ownership!

Hopefully the link to the picture above works but if not just go to a GGP Paterson page and see how much land they own.

Antipa Minerals (ASX) - greatest play available in the Paterson for a reason. Their landholdings there are IMMENSE. Check out the ownership maps and check out the JVs. It’s been pushed on here before for a reason. Currently I’d say even more undervalued than GGP.

Also, I see lots of talk about “cash” for this 5% from Newcrest. I think people will be disappointed coz I’m sure Shaun said it was going to be like a “cashless” transaction. (I’m sure Timber or Dip can confirm this with the notes from the interview regarding the 5%) What I expect and hope for with the 5% is that Shaun will add funding to it and give it all straight back to Newcrest for our percentage of the capex. At which point we will be paid up till initial production. I don’t expect any cash to come into our coffers.

Blah blah blah blah…

Sorry, didn’t really know how else to start the message.

Time…time is a factor of life that we can’t control. Sometimes it works with us, sometimes it works against us…

There are many of us here waiting patiently for that magical castle in the sky…we are around, we are lurking, we are sniffing the gold as we see it rising from the depths of the earth…and frack me…it’s the proper depths of the earth. Aussies don’t like deep stuff…it’s like that conversation you wanna have with your other half, but…………the world doesn’t like…deep!!

As a collective, we have been here through the highs and the current lows, BUT…you know what? The gold ACTUALLY exists! Many an explorer have come and gone over the last 2/5/8/10/15/20 years…depending how old you are and how much you actually give a frack about the so called gold exploration world…coz, I’ll tell you now, before GGP…I didn’t give two hoots…frack two…I didn’t give infinity plus one hoots…BUT…since GGP hit HAD005…I have over the last three years learnt a hella, hella, hella lot about miners.

My derrière got handed to me on a plate “with sauce”, as in, royally shafted, as in guillotined with a blunt blade…from the duldrums of non existence to the heights of the fabled 38p…(we all should of sold, and bought lower, but we trusted the process!) - Do you know what? Only the supposed smart Alec’s and confident traders sold at the heights. I was not one of them…why? Why didn’t I take the small modicum of retirement GGP offered me?

Because GGP is special, oh so special, there is so many of “us” that feel attached to GGP and defend it with every being of our purile existence! New or old investors…”WE” as a collective have no idea how this will “turn out”…but in terms of possibilities…this is like backing a pack of wolves against a brown bear…we “should” win…and I have faith in the leader of the pack to see us through.

Yes, I have “lost” a fortune but I trust the process and I trust the so called “people” to see us through…Viva La revolution…viva la GGP…kisses beaches…

Don’t think we have to worry too much about Newcrest digging deeper and finding gold at Telfer. If it’s there it will be as deep, if not deeper than Havieron as they’ve picked all the low lying fruit already.

What Newcrest will be hoping for is a shallow ore body, like that of which neighbours Antipa seem to have found. That could be got to fairly quickly and dug up much quicker than deep ore bodies. However, it is still 45kms away so road/travellators and other infrastructure would still be needed.

It’s gonna get very interesting in and around the Paterson over the next 18months. Antipa seem to want to try and go it alone, but that could be a mistake. JV with GGP and we build roads and infrastructure together to toll process at Telfer. In this climate with increasing costs and lack of personnel, building another stand-alone mine in the Paterson could prove too costly all round.

So many possible paths and so many possible endings. It’s like a “choose your own adventure” book! (And we’re still only on like page 005 ;-)

Incentives are way better, like SD has now at 25p. Get there and then give the next incentive shares at 50p etc….way better for us and far more professional way of doing it. Directors NOT selling their incentive shares is just as powerful as buying some.

Guys, I don’t think we should worry too much about our directors buying shares. That’s more for small explorers that need PR. Shaun wants to turn us into a proper mining outfit. When was the last time a Newcrest/Rio director bought on the open market? Doesn’t happen too often at the big boys. Just let them get on with the job at hand.

Even if it was true and there was a capital raise coming, what’s the problem with a 20% spike and then say a 10% discount placing? Better than a 10% discount placing from our lows (eye roll emoji) - two more days of +20% and then they can raise as much as they want (rofl emoji)

Can’t see there ever being a bidding war for Havieron as Newcrest own the processing plant. It would require would be bidders to build their own plant, hence easily outbid by Newcrest. The only takeover I could possibly see is one of the proper big guns making a bid for Newcrest as a whole.

Best bit from the new Sprott valuation after the 5%

“The implied asset valuation – and being very specific here – of the existing reserve (ie, ‘only’ existing reserves) comes in at US$1.2bn, implying US$300m / £250m, lifting to £300m with cash against ~£450m market cap of Greatland. Why we see this as a great result is that this valuation is on the existing 2.0Moz @ 3.7g/t (at spot) 4Q21 reserves.“

From only the first 2moz - let that sink in…

News won’t land till after 11pm, probably after 11:30pm.

Shaun has made a couple of cracking moves recently and so I expect (wish/hope :-)) that if it is the 5% that’s done and dusted, then this means the extra funding is done too. We really kinda need both together I think.

Interesting…another video?!?!?

Totally agree with you on that point Spade, but Newcrest’s proper share price gain due to Hav won’t happen until production, so until then they don’t really care. Hence, Shaun & Co have stepped up and shown their worth as a team without the need for help from Newcrest. For now, Havieron is just another tenement on their massive portfolio.

As much as I agree that Freddie is nearly always pessimistic and bordering on getting boring :-( I’d take a step back in banding everyone that bought at the highs all in the same bracket. Bear in mind, that if you did your research on GGP during our highs, there was still a very good case to buy. So, take it easy on the people as a whole that bought on the high. There’s a lot out there that aren’t moaning about it.

Remember guys…
Havieron for Newcrest is about 5-10% of their business…if that.
Havieron to Greatland is about 90-95% of their business…

They are never gonna see Havieron in the same light as we do, and they will never plug it as much as we do. Perspective.

Drill results are always good as they lay the path for the future. We care about them, they don’t. Looking for extensions tm night in any direction they want :-)

Haha. I give up. Knew it was gonna be like the percentage discussion. Spoon, don’t forget you can also get 0001, 0002 etc

CJ. That only works if there is a wrong/right answer. If all options are equal it doesn’t work.

It’s 10,000x10,000 = 100,000,000 just like the odds of two 6s being 6x6 = 36

CJ. That’s like saying the odds of hitting one number on a die is 5/1 and not 6/1. Doesn’t work that way.

Yep…6 x 6 = 36 … it’s not a case of the odds after already rolling one 6. The odds for two PIN numbers are therefore 10,000x10,000 (thumbs up)

I’ll be devils advocate and help out…what are the odds of getting a pair of sixes with 2 die?

Shame it’s on a weekend as it could of gotten real interesting…:-0