Member Info for Gingertom1

As has been said already there should be no confusion. The permit is for 4 years not the time we will take to drill.
Once the drill is available and on-site they will no doubt follow the usual pattern of a few quick drills to test the depth and the "hot spots". Then analyze those results before steaming in with more drilling.
Once we have secured the drilling equipment - which my be the hardest part looking at the Patterson region - the drilling will be rapid indeed. Then of course a further delay as the results are formally assayed. We may know details earlier of course from onsite observations but only the official assay office details can be used in an RNS.

Time line.....
Permit approved - 4 weeks
Drill obtained - say 4 weeks
Drilling starts - week 9?

First results within a month after that.

So this is far quicker than people expect and certainly the 4 years worry is a big red herring.

Newcrest might even lend us a drill cos we only need a small one. Not like its Havieron at 1000mtrs.
They may have them sitting idle, who knows.

GLA GT

Well said Tincan - we should remember the casualties on this journey.

As a pre Newman holder I am one of the grateful many for all the contributions from the knowledgeable posters here.
Having a few moments free I thought I would look at the projected development processes of mines and the Lassonde Curve we all know exists to explain the steps and the timescale. I had a vague memory from previous posts but wanted to consolidate and refresh.

I have attached a link which if allowed explains how normal mines take to the first $$/££ being made.
From discovery to ££ the likely time is in excess of 5 - 8 years and we are going to close this in less than 3 and appear to be half way there already. Many will already know this but for the less experienced it may remind them that the end game for Havieron is closer than we ever thought it would be. That will do me as a starter for 10 anyway.

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

Obviously waiting for news of Red Setter is exasperating but patience will be rewarded.
Cottesloe will be longer term I believe but the icing on a very big cake.
One imagines that resources are very thinly stretched in the Patterson region and drilling and surveying equipment is at a very high premium and probably unavailable for a considerable period. Good to see a reversal today going North and lets hope that continues.
Unbelievable potential being so close to Telfer etc so holding on to these potential golden tickets.
GLA GT

I think the last 20 buys I saw added up to about £30 yes £30 not £30k.
Lots of tiny buys to make it look better through a non-commission website.

100 shares or 50 shares at a time. Sad effort by someone to overstate the situation.

Lets hope tomorrow is not premature April Fools day.

LTH in profit overall but patience is wearing thin for us all.

GLA
GT

I saw this years ago on the window of an outdoor/camping shop on Tottenham Court Road just before Christmas.

"Now is the winter of our discounted tents"

One of the finest slogans I have seen.

GLA
GT

Pleased to say that we have 24 times less shares in issue that GGP so you do the math (as USA would say)
News awaited with bated breath.
Newcrest are watching as well I am sure.
They have just redeemed a massive loan ahead of time so they have a few pennies to look around the shop window and we are right next to the door so hope springs eternal.

Added some at this price and will sit on my hands now.
GLA
GT1

Hi - as a long term GGP investor I cannot believe that Newcrest are not all over this for the possible win win for them as well as Wishbone. The massive potential needs proving up and it seems that shallow drills will give quick results when started - although delays in the results will be expected as the assay offices are backed up for months with the workload from all over the region.
We have funding for the drills needed but patience will be needed.
Money being accumulated for next years ISA allocation.
GLA
GT

I , like many others, were stung by the Newmont/Ernest Giles fiasco. However hung on thanks to the good analysis offered by the Heroes of this board.
Its too easy to forget the wider assets that GGP own 100%
Tasmania has enormous value in the assets there and Ernest Giles is another potential winner and I wonder if Newmont regret their pulling out too early.
So its great to know that this story has only just begun..... HAV is the immediate future with Newcrest. JURI Jv is phase two and by the time both of those are in production Scally and Ruddle etc will be rolling along the production line.

Absolutely the best investment for a long and wealthy future. Warren Buffett quote now more valid than ever.
"A way of moving wealth from the impatient to the patient"

Hold for Gold - and every other PM you can name.
Stay safe GT

GGPThroughandthrough I agree that Binky is a nice name but of course for exactitude Death must be typed DEATH - I am sure Terry Pratchett would be amused to see Binky on a share forum.
His Discworld fantasy is so much better than the fiction we sometimes have to put up with here. RIP.
GT

No!

Very sensible medium term investment by Wishbone. Silver if expected to treble in price within a twelve month period according to the "experts" as the supply is very limited and all in the hands of JPMorgan who have been accumulating since the Bear Stearns debacle in 2008. However much you believe in that theory it is obvious that Green Energy solutions need silver as do mobile phones and anything electrical. Also of course its used in many medical applications.
Hopefully nice and shallow deposits with lower than average costs to mine.
JV may be the best way forward as always.

Very bullish about finding more high quality reserves around Telfer to supplement the Havieron success.
They must know about us so its all about the initial drilling that we need to do.
Hopefully shallow successes will enable us to answer his knock on our door.
So close to Telfer it could almost be wheelbarrowed to the processing plant.

15 to 20 minutes in is about right.
https://bmo.qumucloud.com/view/2021-gmm-newcrestmining#/

Hold for gold as they say.

There is nothing suspicious about these. They are the non-commission trades from the retail market.
Tiny investments by those who enjoy a flutter but don't want to pay commission.
They get poor prices but can buy and sell minute numbers of shares. It will happen daily and has for some months now,

One of the deciding factors when I bought into Wishbone was , among others, the sensible number of shares issued. 158m is a much more enticing number when one thinks of the potential that we might be sitting on.
So many Aim miners have billions of shares at a very low value - mainly after repeated issues to raise funds (never offering them to PI's of course). As yet we are in a better position I hope having a potentially superb asset and a loyal following from what I can gather. If we get anything like the "Patterson average" results from the survey it may well attract attention from the Majors in a short space of time. As has been mentioned delays seem to abound at present with the amount of surveys and drilling going on so continued patience will be needed. Lets hope the targets are wide and deep but under a shallow layer of top soil!
GLA DYOR

I am sure it has been said many times in the past but if we get a good result from the survey - and its shallow - I wonder how closely NewCrest will look at us for a JV.
Being so close to their processing plant which needs fresh quality ore it may suit them to have ore locally as well as 53k further away . 13k is no distance at all in Aussie terms.
I guess that is the main hope for us all. Patience will be required in large amounts before that . Drilling will have to prove the find first.
Fingers crossed and of course always DYOR first .
GLA GT

https://www.ig.com/uk/trading-strategies/top-10-uk-penny-stock-for-investors-200123#wishbone-gold

Just finished listening to this excellent analysis of the precious metals market, how its manipulated and how it will eventually turn from its current small fluctuations to a massive rise in the demand for physical silver.
Thanks to Hopefully gold on GGP Bulletin Board.
Enlightening read for me as a holder in this potentially multi-bagging investment.

https://youtu.be/lw21PLPnewk

Best present ever a bottle of Scallywag speyside scotch from a fellow investor!

Will open when we get the good news

Merry Xmas and thank you to all the contributors over the months and years

Agreed SpadesAspade the markets are open 24/7 in essence but I know some Americans who sleep at night.
Most people make decisions when they are awake and alert , although to be honest that may be an incorrect statement if today is an example.
Just saying they might only be awake during the day and be pleasantly surprised when the open their laptops and phones.
Apologies if I have raised your ire. I promise I will try not do it again.