Member Info for Lenz

Is this part even an issue ??

Havieron looks like it is going to be a major discovery, though it is basically under 400m of cover and could be expensive to develop,”

Yeah you might be right enough .. apologies

Gold is actually up +90 just now @ 1658.5

After hours close 3.9 p

Until Newcrest buy the additional 5% at market prices GGP will own 30% after all the farm in .. 30% of $2000 is $600 . So that doubles your calculations !

Tig, it was just something I thought about and you are probably right, if it reaches those prices then demand will be there I suppose !

Hypothetically .. please bear with me .. IF Greatland share price actually hit 50p or £1 a share how difficult do you think it would be to sell 1m shares, and if everybody wanted to do it around the same time surely the share price would drop dramatically .. just something to chew over in these trying times !

I used to cough to hide my farts .... now I fart to hide my coughs ??

Just bought another 50,000 @ 3.47p too good at these prices but running out of spare cash to buy anymore, bp dividend on a Friday will go straight in here !

Finally the market has woken up to GG ??

Mushroom kid that should have been laughing emojis but the site doesn’t like them

Mushroom kid .....??????

Maybe but I still believe Saudi oil is cheaper to get to end products or as crude than what the Russians can do it for .. the Saudis would have looked at that before doing the price cut ! Russia will suffer badly especially as the Saudi’s are now selling it cheaper to the European markets and big companies are buying it up .. bp, shell etc. So Russian oil is suffering big time !

And more ..,

A world oil price in the range of $55 to $60 per barrel is less than the cost of Russian Arctic oil production, European and Brazilian biofuel production, US and Canadian shale and tight oil production, and Brazilian presalt oil production. Sustained price levels below the cost of production can deter exploration and production and shift production potential for years to come.

This doesn’t tie in with this ...
The Saudi state company said its after-tax breakeven costs for producing fields were below $10 per barrel, compared with just over $20 per barrel for the UAE, more than $40 per barrel for Russia, and almost $50 per barrel for Nigeria.

Synch even ??

Added another 100k @ 4.25p

Interesting figures here if anyone has the mind to work out what we can expect .. I am no expert but I am sure someone on here can get an approximation

https://www.quora.com/In-an-average-mine-how-much-ore-must-be-processed-to-produce-an-ounce-of-gold

Mickey1122 are you the same Micket that was heavy into GKP