Member Info for Lenz

Re my last message .. it should read 150,000 Oz ( not 125,000) to GGP @ $1000 an Oz .. is $1.5bn per year !!

Whoa .. 30m Oz over 30 years is 1m Oz a year, Telfer maximum was 700,000 Oz a year, if we even managed that and GGP kept their 25%, say 600,000 Oz a year then 125,000 to GGP @$1000 an Oz that’s probably $1bn. Per year after costs .. that would easily pay out a dividend of 4 to 5p a year ! . But reign in the horses guys this is a dream scenario !

Kevin it was tongue in cheek mate .. as he basically said after my post !

I bet he does .. ;-))

Indy... if you don’t appreciate what Paddy brings to this board then you are a mug !

No they won’t, as it would ruin their reputation with small explorers and they would not get any more JV’s

No need to be frightened to post, you deal
In facts not hearsay, it’s everyone else’s option whether to ignore or look into what information you provide, I am in the latter camp, so thank you for all you have done, I am sitting on my hands too and will do so until the MRE and I find out what GGP’s future plans are. Thanks again for all the work you put into keeping us informed.

There has to be better ways speedy !

GGP are using cash for the drilling on Scallywag !

Precisely ..I can only think that the mms are only willing to buy at a controlled price, hence the lack of upward movement. If people don’t sell they will have to move the price upwards ..

Yeah that is weird .. don’t understand why it is not rising ?

No problems .. just wanted people to see what someone else thought whether justified or not !

Here you go.

https://ggphelp.co.uk/?epkb_post_type_1=frequently-asked-questions

American markets taking a beating, no idea where this will go this week .. fingers crossed it’s up !

TMT ... I am not arguing his case I only put it out there as someone’s alternative view .. it doesn’t mean I agree with him in fact I don’t

It wasn’t my view and I have posted the rest of the article from the beginning .. I think it is possibly sour grapes from him !

This is not my view by the way and here is the first part of that article ..
Greatland Gold - potential to become a producer but current valuation bonkers? from Gary Newman...

Greatland Gold (GGP) is a company that I’ll happily admit to having been wrong about, as were many others, and a lot has changed since I last looked at it around the time that Newmont Mining had decided to terminate its involvement. At the time, I expected that Greatland would go the way of so many other small mining companies that promised a lot and then failed to deliver, given that Newmont had decided not to exercise an option to partake in a joint venture on its Ernest Giles gold project in Australia. At the time it was extremely early days with Havieron licence area, which is now the main focus of attention and which has turned the company around...

It had only recently purchased this licence from Pacific Trends Resources for A$25,000 and the issue of 65.49 million shares in Greatland – the vendors must be kicking themselves seeing what has happened since then, and this appears to be one of the rare cases where a junior miner picked up a licence very cheaply, which subsequently turned out to be far more valuable! Often with resource stocks timing is everything, and it does appear that Greatland had a stroke of luck with a bit of a renewed gold rush in Australia kicking off, plus being in fairly close proximity to Newcrest Mining’s Telfer gold-copper deposit, which is expected to produce up to 400,000oz during 2020, along with 15,000t of copper. When it comes to natural resources proximity often isn’t a very good indicator of success, but in this case drilling results at Havieron had been impressive in terms of grades, plus the type of mineralisation was consistent, and so much so that Newcrest ended up agreeing to a farm in.

Apologies for the length of this ....

What is interesting though, looking at the likely mine life of Telfer - unless gold prices stay very high and significant amounts of resources are converted to reserves - is that it would be looking for something to potentially replace that, and at around a time that fits in with the expected schedule for Havieron development, should everything go to plan with the feasibility studies and permitting etc, somewhere around 2024. So although the results so far do look interesting and I don’t doubt that there are potentially large amounts of gold at Havieron, I also think there is a fair bit of risk associated with commodity prices and the commercial development of the licence area – even assuming that the AISC comes in much lower than Telfer. So, whilst I wouldn’t question the geology and the potential, what I most certainly would question is the current valuation being placed on this company, given that the market cap hit the £1 billion mark last week! It has since dropped back to around £850 million at a share price of circa 22.5p, but even that means that over £400 million has been added to the market cap in just a couple of months, and I really can’t see any justification for that, especially when you consider what Greatland retains of Havieron and that the free carry from Newcrest will only take it as far as the feasibility stage. Granted, having a company like Newcrest onboard is a big bonus in terms of actually going ahead and getting to the production stage, but I see more risk here than is being priced in.

Havieron isn’t the only licence where Greatland has produced some good drilling results, but it is by far the most advanced and I’d argue that is where most of the market cap is being attributed. Maybe I’ll be proven wrong again with this one, but I personally think that the current valuation is completely bonkers, and even more so when you compare it to other gold miners, and large producers in particular.

This is obviously blatant price control, a blind man on a galloping horse could see it, why is this not regulated it is criminal !

The company with the most acreage around Telfer and Havieron is Antipa .. a few JV’s but I think a big target just for their acreage alone, especially if we have other strikes in the region!