Member Info for GGPThruandtru

Hahaha, this is gonna turn into another “how is a percentage calculated” discussion :-)))))))

Won’t be a 2:1 consolidation. That would be pointless. Closer to 10:1 I’d say…if SD wants it and thinks it worth it, I’ll happily agree.

Beat me to it Red!! Totally agree, we should bear in mind that SD is mainly a finance man so should know the best ways forward for both raising capital and indeed consolidation!! Happy to leave my trust and shares in SD.

Excellent RNS. Great work from Shaun again. This is where he keeps delivering regardless of share price. Building for the future. Capable hands from our main man!!

$404 AUD equates to $272 USD
$202 AUD equates to $136 USD

That’s the current attributable value of our ounces from the note and still open in all directions with new areas still to come, it’s very low. The 5% might not be worthwhile to us and Shaun but the rest sure as hell will be…still gonna be a bumpy ride. Buckle up, sit back and enjoy the story guys…could be a classic. It will all come down to Shaun and the teams personal goals and ambitions. How much do they want to grow the company before they get bored or move on? Time will tell :-)

Too many moving parts to put a time on it and too many variables. What they are doing is valuing Havieron and GGP as they progress hence the low current valuation for each Oz of gold produced. As more info becomes available and we get closer to production, the value of each Oz will rise in line with the less risk and the more certainty of mining. A$404 and A$202 valuations currently equal a value of A$3.8bn. Change the value of the ounces and you change the overall NPV of Havieron.

Very in-depth and interesting broker note from Sprott today. 17p might seem low but…last paragraph page 1…

“Initiate with BUY rating and 17p PT
Our modelled 9Mtpa SLOS operation producing 668koz pa payable AuEq cornerstones our A$3.8bn NAV (A$404/oz inventory). We add our 6Moz caveable material at half this valuation, and net of G&A and net cash, initiating with a BUY rating and 1xNAV5%-1850 17p PT diluted for options. Key price drivers are drilling / MRE / 4Q22 BFS / debt funding, all ahead of 2024 production.”

So they seem to be pricing each ounce at only A$404 for the initial phase and the second “extra” 6moz phase at half that which is A$202 per ounce. They also expect us to eventually get to nearly 800koz per annum (thumbs up emoji) - bear in mind also the above is in Aussie Dollars, so that is bloody cheap for an ounce of gold, almost crazy prices.

The info given in this note is excellent compared to others but seem to be ultra conservative in terms of profit per ounce, probably due to their risk status, hence, massive scope for increase in SP when we get to first ore and the “true value” of each of our ounces is defined.

The chapter in Shaun Day is brilliant too. Almost like something he would write himself. Can’t get much bigger of a compliment than that paragraph :-0

That’s my take on it anyway. Any expansion on this by people with more knowledge appreciated, but it seems pretty self-explanatory, so don’t think I’m reading it wrong.

Nothing much has changed since last note, this is the main bit of the note:

“What we are expecting: - As an explorer and developer with no revenues, we do not expect any material financial updates for Greatland. Instead, the company’s shares should be driven by ongoing exploration results from its Havieron project in Western Australia, which is subject to a JV with Newcrest, and progress towards the completion of the feasibility study that is evaluating the development of an underground mine at the project in Q4 2022. A 90,000m resource drilling programme is underway at Havieron and Newcrest should publish an updated resource and reserve for the project as part of its annual update. Greatland published a third-party-reviewed update of its own in March with a gold-equivalent resource of 6.5Moz and a gold-equivalent reserve of 2.9Moz, and so focus will be on how closely Newcrest’s number matches this. There should also be an update on the ongoing discussions between Newcrest and Greatland in relation to the acquisition of an additional 5% of the project by Newcrest.“

Reason for Berenberg downgrade:

“? Model changes: - We have made no changes to our operating expectations, but have updated our valuation to take account of changes to our commodity price assumptions and the prevailing in situ valuations for the Australian mid-tier gold miners.”

I knew when i pressed the link it was gonna be a song…so glad you chose G’n’R and not Take That!!!! (thumbs up emoji-sunglasses emoji)

Hmmm…are you sure about that troublesome? Elephants are becoming extinct for a reason :-(

The problem is humans, we make everything a product :-(

Certain jurisdictions*

Armed robbery in Ghana - they got away with 350k worth of gold - crazy!! Probably a security inside job. (Another reason I stay away from vetting jurisdictions) :-0

https://www.lse.co.uk/rns/GRL/restoration-of-trading-sjwzi5i0j95h3oe.html

Let’s not forget SD’s options at 25p…sure he’d be delighted with a 20p takeover :-0

Greatland Gold
Antipa Minerals
Cobra Resources
Arkle Resources
De Grey Mining

Wow…load of posts for nothing really. The new chat is not like telegram. You don’t have to join to read. Use the best of both however much you want (thumbs up emoji) - another blue day :-)

Ok, the posts are showing now. Apologies. Good luck with it Bottle and the rest ??

Bottle…can we not at least read the chat without registering? If that’s possible to do, I think you should do it. Not everyone wants to sign up new accounts.

Rio Tinto start drilling in the Sipa JV near Winu.

https://hotcopper.com.au/threads/ann-drill-program-commences-at-paterson-north.6802750/

Hey!!! That’s my favourite line Bamps! Ya thieving barsteward…and it wouldn’t have taken balls at all, just smarts. Newcrest would have saved themselves the $2bn needed to decommission Telfer…they would have bitten Shaun’s hand off for the dollar… ;-)