Member Info for jonrolf

The Stage 1 expenditure commitment of US$10mln under the Farm-in agreement with Greatland Gold has been met and Newcrest has provided notice that it
wishes to proceed to Stage 2.

Hi Paddy .. great work as usual ..

https://drive.google.com/file/d/1lMCjDmo9ZxkXHjUSCVeasb-76SB8ZlWF/view?usp=sharing

looks pretty clear to me that Greatland Gold now have an address ( if not office ) at Newcrest HQ in Melbourne .. surely that is a significant step towards Greatland being consumed by Newcrest ..

thanks Paddy,
your work is exceptional and very much appreciated,
as I am well and truly 'all in' on this,
very much hoping for a fruitful outcome
atb Jon

think we need to keep our feet on the ground and be realistic that the holes on the extremities are likely to be dusters confirming there is no extension of the ore body .. if these holes are returning further mineralisation then surely they would keep going out until mineralisation is not found, thereby confirming the edge .. would love to be wrong though ..

measuring over the red zones looks like
300m across east to west
200m across north to south
1000m deep
200 x 300 x 1000 = 60m cubic metres
60m cu m x 2.5 ( cubic m > tonnes ) = 150m tonnes
150m tonnes x ave 1g per tonne = 150m g
150m g = 5.3m oz
anything better the ave 1g tonne takes us toward 10m oz
and 10m oz = Tier 1

for anyone wanting to know about the drilling technique, initial logging and security .. it is all detailed in the NC Quarterly report ( pages 10 and 11 ) ..

https://www.newcrest.com.au/media/quarterly_reports/Quarterly_Exploration_Report_-_June_2019.pdf

the core diameters are PQ @ 86mm dia, HQ @ 63mm dia and NQ @ 47mm dia

I would imagine that it could take as long as 8 hours to do a 6m core run at a depth of 1200m .. so perhaps only 18m of core sample a day ( at depth ) ..

that is ave 1 min each to run the 6m core barrel and 6m drill rods down the hole x 200 drill rods is 200 mins,
allow say 60 mins to core 6m,
then 200mins to remove the drill rods and core barrel is another 200 mins,
then the hole casing needs to be advanced 6m which is quite quick at say 30mins

and thats assuming there are no problems, which generally on a good day, there are not

looks like they are drilling 'open hole' ( they call it 'mud rotary drilling') to the base of the cover ( est 3 x 24 hr days to 400m deep ) .. then 'core drilling' the ore body

so envisage they are drilling 100mm dia open hole to base of cover, installing 100mm hole casing ( to keep the hole from collapsing ), then core drilling in PQ ( 86mm dia ) until that hole casing becomes difficult to advance, so reducing to HQ ( 63mm dia ) and core drilling until that casing becomes difficult to advance, and finally reducing to NQ ( 47mm dia ) and core drilling until that becomes difficult to advance, that is where the hole probably stops .. if they want to drill deeper then they would probably have to start in a bigger diameter which means the whole thing takes even longer

if the hole is stable ( not likely to collapse, or rock part fall in ) then the hole may be able to be progressed without advancing the casing

there is a quicker technique called 'wire line' core drilling where the drill barrel is lowered on a wire rather than on drill rods .. but this is not mentioned in the report .. and a 1200m wire line would be a nightmare to control .. and if the wire broke then the hole is lost ..

based on my 12 years UK Rotary Drilling ( observation ) experience ..
but never seen anything like these depths

wonder what the MM's would have done to the SP if the 5.5m buys were sells ..
maybe they will nudge it up come opening time tomorrow ..
someone must be confident ..

steady buying .. and yet the offer goes down from 1.79 to 1.77 :-(

how can someone sell the same 4.85m shares twice ..
once just before 9.00 .. then again just before 9.30 ..
must be a sell then a buy back .. but both marked as sells ..

plus of course ..

Significant Shareholders
(notifiable interest 3.0% or above)
Stephen Beetham 133,333,333 (4.0%)

well if 70% of the shares are owned by Institutional Investors why aren't there more TR1's floating around ..

think you will find the list below more reflects the current list of significant investors ..

AIM Securities Not In Public Hands
Starvest plc 85,000,000 2.6%
Sunvest Corp Ltd 12,000,000 0.4%
Borrelli 13,000,000 0.4%
Heddle 25,750,000 0.8%
Baxter 77,572,951 2.3%
Total 213,322,951 6.5%

https://greatlandgold.com/company/

unless Farm In Stage 2 is a formality .. that should read ..

Newcrest planning Stage 2 ..

Further work is planned to evaluate exploration opportunities that extend the known mineralisation. Initial drilling
conducted by Newcrest has confirmed higher grade mineralisation, broadened mineralised extents defined by prior
drilling and extended the depth of observed mineralisation of the Havieron prospect. The results of drilling to date
indicate the limits of mineralisation have not been closed off. Drilling programs at Havieron are ongoing, with additional
drill rig(s) scheduled to commence in the Q1 FY20.

from Newcrest Quarterly Exploration Report ( bottom of page 11 )

not sure when Newcrest Financial Year is .. but even if Q1 FY20 is Jan - Mar 2020 then surely thats to close to the end of Farm In Stage 1 to be planning rig(s) on site .. unless Farm In Stage is a formality ..

have you swapped over to the 'beta.lse' site .. mine works ok .. gl

the stat I used was from

https://www.sharesmagazine.co.uk/shares/share/GGP/trades

www dot sharesmagazine dot co dot uk forward slash ( fs ) shares fs share fs GGP fs trades

however using the GGP Share Trades link at the top of this page
and clicking on the 'More Trades' it suggests 10m sells and 13m buys
( based on trades of 1m shares or more )

just looked and in the last week there have been 8 sells of 1m shares or more and 6 buys of 1m shares or more .. I do not think this suggests a large holder is selling .. sit tight, be patient and I am confident rewards await us .. gla

Surely when any exploratory drilling operations begin or are taking place on a tenement owned arguably 100% by GGP ( day 1 ) > 95% ( when 5m spent by NC / end of year 1 ) then GGP should be sharing this information with its shareholders. I appreciate that NC are the big boys but as above GGP are currently the majority 95% project owners and NC only 5% owners, therefore no reason why GGP should not be announcing regular updates. Finally with the drilling season understood to be March/April to September/October then NC need to be getting on with drilling pdq as they only have 6 months or so remaining to do the thick end of 5m worth of drilling. And again yes, I appreciate the lesser value laboratory / assays can be carried out October to March.

answer the question mibo ... why are you here ... why do you post so often ... and always negative and demeaning

58 ... Toad ... Mibo ... Special666 ... and any other happy souls ... I have building my investment in GGP for more than a year now ... and having gone 'all in' late last year on hype and speculation my pension is now over �100k down from peak ... and yes, perhaps I was being greedy and blind ... I read the BB daily but do not feel I can add to the general exchange of info / opinion ... however your constant negativity day after day, and gloating over those that are underwater is becoming so unbearably tedious ... what do you get from the comments you post ... please give it a rest

thanks INFINITYT, payment appeared in my account this morning, just a wait and see what happens with the NAV > SP !