Member Info for kempey

Fingers crossed for you Stuart and all those who are down on your portfolio and find themselves making inroads to losses from GGP. I have doubled my money here but have a long way to go to cover losses ( on paper) on FRR, UKOG, AEX, Solo and a few more. Hence I will ride this to the end...hopefully 16p and beyond. A long way to go yet but it has the potential.

I feel I've been scalded over the years by a number of my investments especially FFR !! I am looking to GGP for my financial salvation!!

Often... 39m volume is not particularly significant. 100m plus would be significant. At the moment sells match buys reasonable well and that's why the price is holding up and may finish blue at COP.

Yes I am sure they will charge for processing at Telfer in addition to mining costs.

Trumpy..it would be wonderful if we took 30% of the profit NC made for doing nothing but I assume they will expect us to pay 30% of the OPEx. As I understand it they get 70% by proving up the resource in other words exploration/drilling costs. They are entitled if they so wish to buy another 5% at fair market value once the asset value is established. I have not read anywhere that we do not have to fund any further costs if they decide to go I to production. I may well be wrong though.

Jerry..point taken on using the fully diluted figure but do not understand your point about being no upside for the buyer. If I currently buy at 2.37p and the share is valued at 4p plus then there is upside. If the asset value in the ground is greater than 1m oz then up goes the share value greater than 4p. ...I probably mis understood the point you were making! I will re run my calculations again on the fully diluted figure. Has anyone seen the Numis report on GGP. If so who was the analyst if he/she is named.

My calculations before CAPEx and OPEx if 1m oz is the resource estimate is based on $1575* 1b is thus 25% of $1.575b which would be GGPshare if they allow NC to purchase the 5% at market value. So value of gold in the ground = $1.575b * 1.32 GB£v US$ = £1.193b÷100×25= £298,250,000 ÷3.6b shares = 8.2p a share per 1m oz in ground before extraction costs. If extraction costs are 50% then Numis Investment analyst's figures are correct at 4p. However if the asset is greater than 1m oz then it's a simple multiplication of the 4p bearing in mind that extraction costs diminish the greater the amount of mineral found per ton...if that makes sense. As Morningsun has implied in his calculations the figures for GGP's share of the Gold in ground (not mention the copper) is mind boggling if 5,10,15 or 20 m oz are established. No wonder Goldinvester is so excited!!

Thanks Jerry. Will have a closer look this afternoon at the maths but as you say the factors are so variable.

Stuart...is the 1p for 1m oz a guesstimate or a calculation based on value of gold at x against cost of production and is it based on 25% or total value to the project as opposed to GGP's share?

Mickey...I agree we should not underestimate Prims assessment after that meeting. They intend to buy more shares as I understand it and they wouldn't be doing that if there was any doubt about the asset size.

Morning Urban...being an experienced mining company who sell their capability of using different mining techniques for different situations I think they will not rush this. I do believe they will start the process of planning for the mine in parallel to completing the resource assessment. The job adverts are an example of this. We may start to see access roads to the Processing plant developed even though they are still drilling to assess asset size. Wouldn't surprise me to see 10-12 rigs in the next phase. I think the decision to mine has already been made...Pre feasibility, determining resource size and all the other aspects of preparing to mine will happen in tandem. I think we will see lots of peripheral evidence this year before an announcement is made.

I get the feeling they might progress this project faster than we thought.

Agree Paddy..they would not present Hav at a international conference on mining as a 'new discovery under 400m of cover' if they were not already sure of this being a substantial asset. This is almost de risked. They are also advertising numerous jobs in preparation for setting up the mining project. Given that Telfer was a diminishing asset this must be for for our JV.

Like any business you get your highs and your lows. Firetower may be a low but it is dwarfed by the high Hav is potentially offering. Early selling was music to the ears of the well researched who are now buying. All the drill data regarding Hav both fron NC and GGP indicates a tier 1 asset.

Excellent opportunity for MM'S to pick up shares. Will rise later. Firetower is a side show. Hav is the main objective this year.

sorry!! Repeated somehow!!

You would have to buy and sell in massive quantities to make any decent money. I haven't seen any large amounts being bought and sold. They may be selling having bought low many months ago. Interesting that sells out numbered buys today if the data can be believed and yet the share price rose!!

You would have to buy and sell in massive quantities to make any decent money. I haven't seen any large amounts being bought and sold. They may be selling having bought low many months ago. Interesting that sells out numbered buys today if the data can be believed and yet the share price rose!!

Morning sun.. no I stopped trading a few years ago and now invest on fundamentals especially in small companies with potential. This, on the info we have is a good investment with less risk than 6 months ago. It should be trading in the 3.50/ 3.75 now and will slowly rise over the next few weeks to that level imo. Positive news from NC will move this higher but we need a resource estimate to really move it on. I could be wrong as I was with FRR having invested a ridiculous amount. Again it had phenomenal potential and look where that is now!! At least this is in Australia and GGP are working with a world class company in NM. I think here we can trust both sets of directors.

so predictable. A rising share like this can make the MM's so much money.