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Surely a company like PRIM and Claytons history they would know more than they seem to showing?
Clayton must have contacts and you would think he knows alot more than most but doesn’t seem to be the case!?
I love that someone has marked Havieron on google maps as a petrol station!
Havieron
Telfer WA 6762, Australia
https://goo.gl/maps/Z7zczQ8wykLhQmF9A
Funny how a week ago this hole north seemed amazing:
https://twitter.com/priminvestments/status/1242391011621580800?s=21
Really puts it into perspective. The most recent hole S you can’t even get in this picture.
Spot on paddy as always.
Looking at the 2D IP from the recent survey, it looks like the previous drill holes by Newcrest were just 100m or so short. Get that drill turning GH.
https://greatlandgold.com/wp-content/uploads/2019/10/Scallywag-Kraken-target_xsection.jpg
If anyone wanted more information on the drill history prior check paddy’s Twitter, it’s a fountain of knowledge.
Thanks spades, great post.
Just for clarity Goliath is in Paterson range east. Everyone is hung up on that, probably just because of the name, but the main target at scallywag is Kraken which is “ A high intensity ‘bulls-eye’ magnetic anomaly with the same amplitude, character and depth extent as observed at Havieron”
This is the one to look out for this year imo, good luck all, keep holding.
Hi all, I’m in for the long haul and have been in for sometime now but what could are the down sides of this share? It’s clear there’s a mine and is looking very big then we’ve got all our other projects.
The only thing I can think of is short term dilution otherwise this is a no brainier surely. GH won’t sell us out cheap, don’t make sense for him to do it.!
Can anyone provide a realistic view point of what could go wrong here which would drive the sp lower? Thanks
If Havieron’s resource came in at 3Moz and each ounce was valued at US$200, the deposit’s total value
would be $600m. Greatland’s 30pc share (assuming for the moment that Newcrest takes a 70pc position
in the project) would, in turn, be worth US$180m (approximately £140m). This is a remarkable premium to
the business’s market cap, which, as at the time of writing (November 2019), sat at approximately £55.7m.
If we apply a more bullish scenario, in which Havieron contains 5Moz of gold equivalent valued also at $200/
oz – then the deposit’s total value would be $1bn, and Greatland’s share would total c.US$300m (£230m).
The upside potential here is clear