Reply from Greatland - Assessing the 5% FMV13 Jan 2022 11:56
Investors might be interested to see the exchange of emails I had with Greatland in the last few days:
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Hi Mike,
Thank you for your email.
As you correctly point out, the timing of the fair market valuation process falls at a time when several unknown factors still exist about Havieron. In fact this would be the case for years to come as there would be a constant amount of unknowns.
Greatland will use all known information parameters, coupled with our understanding and analysis about the future potential of Havieron, validated by independent experts, where possible to put forward our assessment of fair valuation during this process.
Regards
Greatland Gold plc
Investor Relations
E: info@greatlandgold.com
W: https://greatlandgold.com/investor-relations/
13 January 2022
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Hi Greatland
Do you anticipate having sufficient drilling data and other information to be able to fully assess the 5% fair market value for Havieron by mid February 2022? There have been delays in the assay labs which means some of the recent drilling updates for Havieron are yet to be reported.
The MRE of course only took account of drill results up to October 2020 and the PFS cut off was 28 January 2021. A substantial amount of drilling has been done since and you have recently reported around 220,000 metres from 66 holes since the JV drilling commenced. A further 10 drill holes have been completed and are awaiting assay.
On top of that a further 90,000 metres of Growth Drilling is targeted to 30 June 2022. If that drilling is still ongoing how will you take the undrilled quantity into account for assessing the 5%?
Any information you can share would be greatly appreciated.
Best wishes for 2022.
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