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Shaun quote 11 August - "Although that 80,000 additional metres constitutes about 35% increase in the drilling at Havieron, one shouldn’t necessarily expect a direct correlation between the metres drilled and that advancement".
Culpepper @11.01am - I note what you say about a 50% increase in the MRE but this is what Shaun actually said in an interview 11 August: "* What can we expect to be in that updated resource?
- It will reflect the 80,000m drilled, people should understand that does take a lot of time to incorporate that and remember that program was only completed in June
- Although that 80,000 additional metres constitutes about 35% increase in the drilling at Havieron, one shouldn’t necessarily expect a direct correlation between the metres drilled and that advancement
- For a couple of reasons it’s never directly correlated but also remember a lot of this drilling is deeper so a lot more of those metres has just been getting down to the ore body
- Albeit in a positive sense I think when you reflect on the drilling we’ve undertaken and the intercepts that’s produced over the last 12, even 18 months I think there should also be some sense of optimism as well
- We think it will be a good update and we’ll share that once that work is done and we understand that in a more thorough way".
https://www.ggpchat.co.uk/viewtopic.php?t=765
The 50% comment comes from an increase in the tonnage from 2mtpa to 3mtpa. Two different things.
Next week ie w/c 6 November
TT - I exchanged emails with Shaun last week on when we might expect to see the annual financial statements. He said they will be released next week.
So an AGM pre Christmas is definitely a strong possibility.
MH01 - I should have added increased ounces per vertical metre following 80,000m growth drilling. Will do so next time
Midas - your post reminded me I have not posted the Future Catalysts message in a while, so here it is. Please add suggestions:
Updated list:
1. ASX listing - probably 2024
2. Feasibility study
3. Decision to mine
4. Updated MRE - Greatland's own one in December 2023 quarter as Newcrest couldn't be @rsed to do it in August!
5. More Reserves - these can be taken onto the balance sheet
6. Low AISC
7. Valuation of gold - Newcrest updated MRE 17 August 2022 used an economic assumption $1,300/oz for gold. It's now 50+% higher.
8. First gold - Earning cash 2025 (or late next year)
9. Free cash flow end 2025
10. If Newmont divest Telfer and 70% Haverion, and GGP buy them.
11. MRE of 2.9Moz @ 3.0g/t AuEq high-grade Reserve could lift to 9Moz according to Sprott on infill and roots - a few years down track but identified as very plausible.
12. Again according to Sprott's April report, Reserve increases could support elevated 6-9Mtpa for long-life Tier 1 asset.
13. And again from Sprott: Potential 6Moz caveable material adds optionality above this - a little further down stream but nevertheless a massive catalyst.
14. Use of Telfer mill for Havieron (and further downstream hopefully the Rio JV ore from Patterson South)
15. The existing Greatland team and support partners should not be under-estimated. That's probably how they got the Rio JV off the ground.
16. Drilling at EG 2024.
17. JV strikes - Juri and/or Rio
18. Scallywag strikes
19. Fully funded through to production - a reiteration
20. Jurisdiction - Australia is the best jurisdiction in the world right now to find more mineralisation - what has GGP got up its sleeve?
21. M&A activity - a value enhancing acquisition?
TT - if everyone filtered or reported Dobbs he/she would have no forum to express his/her disgusting views. I stopped posting here because of people like him/her and now prefer other forums. Disgusting behaviour - why don't LSE ban him/her again?
The next "news" could very well be the annual financial results for year ended 30 June 2023 which were released on 28 October last year. All those pining for news will get a very full update soon.
Fred Dobbs - as you should well know if you had bothered to do any research that quote is about Havieron, taken word for word from the RNS of 19 June 2023. No cats being let out of any bag. Moving on, nothing to see.
Loftmonkey - you say it best when you say nothing at all
Hi James. Your comments can be applied to Fred Dobbs, the perennial naysayer. Foraging this board with his negativity for far too long and I wonder how many PIs believed his rhetoric. Our turn is coming hopefully.
Hi Paddy - couldn't agree more. What a waste of an LSE website
Culpepper - read this RNS extract from 2 May 2023 re ASX listing:
"ASX Listing
Further to previous communications, Greatland is advancing its preparations for a cross-listing on the ASX which is targeted to occur during the September 2023 quarter subject to regulatory clearance (ASX Listing).
Greatland has a high quality base of UK shareholders that have supported the Company on its growth journey to date. Greatland remains committed to the UK market and will remain listed on the Alternative Investment Market (AIM) of the London Stock Exchange should it complete an ASX Listing.
As part of the ASX Listing, Greatland is evaluating a corporate reorganisation, so that the Greatland group would sit under a new parent company incorporated in Australia (Reorganisation). If progressed, the Reorganisation would be affected through a scheme of arrangement under the Companies Act 2006 (UK), and would be subject to approval by Greatland's shareholders and the UK courts. Applications would be made for the admission of the new parent company to trading on both the ASX and AIM."
https://www.lse.co.uk/rns/GGP/director-appointment-and-asx-listing-update-4efnihfeddfkir1.html
SAB - well said. Far too many backseat drivers on here these days - it's just a total turn off for me. Just let Shaun and the BOD get on with what they do best - exploration and development plus corporate activity.
Hi Dip - yes, it's there in the 3 pillars of Greatland's strategy loud and clear - "M&A activity"
VS - I too look forward to the likes of plode disappearing, an ex-plode if you will!
Hi Dip - your message at 12.49 reminded me that I have not posted the Future Catalysts message in a while, so here it is. Please add suggestions:
Updated list:
1. ASX listing
2. Feasibility study
3. Decision to mine
4. Updated MRE 11 August - or Greatland's own one
during August/September
5. More Reserves - these can be taken onto the balance sheet
6. Low AISC
7. Valuation of gold - Newcrest updated MRE 17 August 2022 used an economic assumption $1,300/oz for gold. It's now 50% higher but this is never mentioned by detractors.
8. First gold - Earning cash next year
9. Free cash flow 2025
10. If Newmont divest Telfer and 70% Haverion, and GGP buy them.
11. MRE of 2.9Moz @ 3.0g/t AuEq high-grade Reserve could lift to 9Moz according to Sprott on infill and roots - a little bit down track but within reach.
12. Again according to Sprott's April report, Reserve increases could support elevated 6-9Mtpa for long-life Tier 1 asset.
13. And again from Sprott: Potential 6Moz caveable material adds optionality above this - a little further down stream but nevertheless a massive catalyst.
14. Use of Telfer mill for Havieron (and further downstream the Rio JV ore from Patterson South)
15. The existing Greatland team and support partners should not be under-estimated. That's probably how they got the Rio JV off the ground.
16. Drilling at EG 2024.
17. JV strikes - Juri and/or Rio
18. Scallywag strikes
19. Fully funded through to production - a reiteration
20. Jurisdiction - Australia is the best jurisdiction in the world right now to find more mineralisation - what has GGP got up its sleeve?
21. M&A activity - a value enhancing acquisition?
Appeared wrongly against Chalice Mining company so removed. Waiting for correct version.
Would there be an "initiation" ceremony do you think?
Here's a thought - why don't the likes of loftmonkey and itsouthere etc arrange a get together. Suggestions for a local venue please where they can run down Greatland to their hearts content?