Member Info for magictrades

It'll be important to ground truth those geophysical interpretations early on. I found it interesting they are interpreting the BIF's as repeated and folded. I've read about and even seen folded BIF's on a local scale. Google folded banded iron formations and you'll see some incredible rocks aha. But folded over KM's in scale...sometimes its hard to visualise the scale of geological structures.

If I can find the time I might be able to pull something together. I did start a thread dedicated to EG o here but it got quickly buried by other posts. I'll dig it out and add any thoughts as they come there at least

The recent gold webinar I posted about is excellent viewing to understand the various economic and political drivers behind a bull market in gold. If there is a rampant gold bull market, similar to ones prior like 1977-1980, then making price predictions on any gold mining stock is difficult. Least of all GGP which has a whole manner of other scenario's to contend with, not least who owns Havieron/Telfer or the possibility of takeovers as we often see in the mining sector.

We have all seen other sectors make extraordinary price gains, reaching astronomical valuations. Companies being bought at record high prices, high p/e ratio's and story stocks going on huge price runs. What this shows is if there is enough appetite and enough liquidity entering the market, stocks can run up way past their valuations. Personally, I think gold and other precious metals will have their turn soon. The most important thing is to have a clear plan for taking profits and managing risk. Do that, and those involved can walk away much wealthier than when they started.

I was interested when Eric and Pierre briefly talked about their strategies. For example Pierre likes to buy companies that have already found the deposit and are in the process of then making it into a mine. Basically the 1st trough on his curve. He adds that jurisdiction is important stating "why add jurisdictional risk" when the sector itself already carries enough risk as it is. Greatland ticks both these boxes by the way.

Eric likes companies who have an asset or known resource, but haven't quite got enough capital to create a mine. A question i asked but didn't get answered was How do you avoid disasters like Horizonte Minerals or Sirius Minerals doing that approach?

Quick one from me. Highly recommend this webinar with the likes of Eric Sprott and Pierre Lasonde. Some really good information on the macroeconomic backdrop and of course some price predictions at the end on the gold price. Of course very bullish on gold and silver for the next 12 months and beyond

https://youtu.be/Zw_WIfbvxuM

Thanks for the link back to the RNS. I remember reading it when it came out but good to remind myself of its details. If we assume the stratigraphy is the right way up (not overturned), the "sulphidic altered BIF unit" containing 1178ppm Cu is deeper than the gold anomalism. There could well be other BIF intervals deeper and even above the anomalous gold zone but in the absence of that information, i'll assume the BIF's are older. The alteration mentioned is quite typical of orogenic deposits. Hematite alteration is clear evidence of rather oxidising conditions.

As its written, it suggests gold is hosted across the basalts, syenite and the BIF rather than confined to one unit. Not sure on the relationship between the syenite and the other units. Majority of the gold sounds like its vein hosted which I described in my original post as what we'd expect. If those veins penetrate through each of the units, it suggests the mineralisation is epigenetic. They are, unsurprisingly, vague on a number of details including the sulphides in the BIF. If I were to guess the Cu anomaly is due to a mix of Cu hosted in Fe minerals like hematite or magnetite alongside pyrite and chalcopyrite.

Hi Bamps

Banded iron formations (BIF) are found throughout Australia's Archaean rocks and make up many of the greenstone belts stratigraphy and can form part of the stratigraphy for both orogenic gold and volcanic massive sulphide deposits. It's not impossible the BIF's themselves host gold. There's a good article here that explains that and highlights where that can happen.

https://investingnews.com/innspired/guyana-goldstrike-gold-deposits-make-for-attractive-exploration-targets/

In a couple of other journal papers, I've read about how banded iron formations are more common in the Eastern part of the Yilgarn with some being the primary host rock. In other areas, they can play a role in the ore forming process but not necessarily host the gold itself. You'd rather a BIF be present than not be present I think so the identification at Meadows is a positive sign. How significant will depend upon its timing relative to any Au bearing intervals as to whether it has any relevance to the mineralisation at all.

Previous results have indicated there is. With enough exploration in the region, i'm sure there'll be a few more good intercepts. The hardest thing is finding a deposit over 1-2 Moz like Gruyere or Tropicana. That's what everyone is after.

i’m starting a thread on ernest giles given its going to be a focus for exploration and in my opinion is the top target. i'm considering devoting some time to research the ernest giles region in more detail and maybe will produce another video. but for now, i thought i’d post some general information which might be useful.

ernest giles is located in the yilgarn craton, which differs geologically from the paterson and is the dominant host to gold in australia. i’ve heard before that ~70% of gold produced in australia comes from the yilgarn although i can’t find a source on that. in 2013, the yilgarn produced even more gold than the witwatersrand in s africa. this is just to highlight as far as jurisdictions go, you can’t really get better than the yilgarn.

firstly, the yilgarn craton is extremely old, forming between ~3.7 and 2.6 ga (billion years ago). it is split into different terranes by geologists/academics. ernest giles is located in the far eastern and most underexplored part of the craton, the yamarna terrane. the nearest deposits that have a resource or are in production are the gruyere deposit (gold road resources and goldfields jv), tropicana (anglogold) and several deposits in the laverton district (owned by barrick, anglogold ashanti). however, these are located pretty far away so the local geology to ernest giles could be very different. we’ll only know that once enough drill holes go in the ground given there is 0 outcrop and the entire thing is undercover.

the likely deposit type ernest giles falls into is called orogenic gold. this is sometimes referred to as lode gold or mesothermal gold. put simply, orogenic gold deposits form during mountain building events (orogenies) and are often associated with granites and mineralised quartz veins. these veins are emplaced up to 20km depth from the surface. orogenic gold deposits in the yilgarn are often hosted in granite-greenstone belts and are archaean in age. greenstone is just a common term for archaean age, metamorphosed basaltic igneous rocks that are located in narrow basins. several researchers have published ages on the mineralisation that fall between 2.68-2.63 ga, during the waning stages of the orogenic episode that affected the yilgarn. to avoid information overload, i'll save alteration, lithology and geochemical details for another time.

the best orogenic gold systems carry high average grades (>2g/t au) and form large mineralised veins and tightly spaced veins. some orogenic gold deposits such as sunrise dam can be very “nuggety” whilst others like obuasi contain shear zones that host gold mineralisation. common sulphide minerals include ****nopyrite, pyrite, pyrrhotite and more rarely chalcopyrite. gold may occur as visible gold or hosted in pyrite or ****nopyrite. drillholes at ernest giles are less likely to produce continuous, uninterrupted drill intercepts like havieron. instead, we may see intermittent high grade intercepts, representin

Great interview Liam. I enjoyed watching. I agree with his input on Telfer in particular. I always think its worth hearing from Callum about the regional exploration tenements too because very few people know the ground better than Callum. Despite not being involved at director level anymore, I would be surprised if Callum hasn't acted as a mini consultant to Greatland's team on these areas

Thank you everyone for all the congratulations. I really appreciate all the kind words and it's been lovely to share this update with everyone. I'll be contributing to the discussions more regularly on here when I feel like I can offer some input.

Hello all, it's been a long time since I have posted on here. It's been a very busy period for me but I thought I would provide some positive news for the end of the week. This Monday just gone, day before Shaun's Town Hall meeting, I was fortunate enough to pass my PhD viva. That means I successfully defended my thesis and can say I'm officially a Dr. It was a very intense QnA, I had some hard questions but I managed to get through it. I'm beyond relieved that its done and I can look forward to what comes next. At least now I have some more time on my hands to dedicate to the markets and keeping up with things, including here at GGP. Nevertheless, I thought it was worth posting this update for those who may have been interested.

I've been a lurker on here for a while. The posts by you Rivaldo are very good and its clear you are well researched. I was impressed by the numbers today and I too have confidence that Fonix will beat expectations this year. The company since their IPO in 2020 has performed strongly and has put in a nice base before breaking out of £2 and running up to 245p. I have noticed the last two weeks are amongst the weakest since their IPO and have recorded 7 consistent down days, which is a bit concerning. This is all in the run-up to their earnings which is a bit strange as normally stocks tend to increase before earnings, especially when the expectations are high. The last two days have been bad days for the market given the SVB situation which has hit the tech sector particularly badly. I cannot find any other reasons why the price has declined other than standard profit taking. My hope is that the long term trend resumes and the earnings drives the stock higher because in my opinion, Fonix satisfies many of the criteria that William O'Neil and Mark Minervini look for in growth stocks that go on to be superperformers

Normally at these sorts of deposits you'd focus primarily on the Gold and copper credits. However, with the right plant modifications you could extract the other metals such as Nickel and Zinc. I believe Newcrest may have done this to extract Molybdenum at one of their other assets. Some of the metals mentioned in the interview i.e bismuth are more pathfinder elements. Elements that help you find what you are looking for. At the processing stage, they would be classed as deleterious elements, stuff you don't want. Some of the metals might be anomalous but likely to be uneconomic due to their abundance in the rock volume. I'd put metals such as Zinc, Lead and Tungsten in this category although I could be wrong. However, much like Bismuth, these help identify the footprint of an orebody and are often diagnostic in the alteration types around these deposits.

Bamps has already provided a good synopsis of the processes below and I must confess i'm no metallurgist so not entirely sure on how you go about extracting some of these metals. Its something I hope to learn in the industry as I go, However, what I can bring to the table is some mineral knowledge. Here's a list of the potential minerals that carry the relevant metals from what I know.

Au: (Often hosted in the following sulphides)
Pyrite (FeS2)
Chalcopyrite (CuFeS2)
Native Gold - Haven't seen it reported or in the core photos available but might be some small amounts
Electrum - Ditto above - provides Silver content too

Cu:
Chalcopyrite - primary ore mineral for Cu
Bornite (Cu5FeS4)
Biotite (formula too long) - Mica mineral that can host Cu aswell

Ni: (Still need details on this as we know)
Pyrrhotite (Fe1-XS) - We know this is present at Havieron and hosts Ni
Pyrite - Can host Ni in its structure
Pentlandite ([Fe,Ni]9S8) - Not reported anywhere but is a major Nickel sulphide in other systems

Zn & Pb: (Unlikely to be abundant enough to be economic, both reported in the NewGenGold Conference booklet)
Sphalerite (ZnS)
Galena (PbS)

This is not a complete list of possibilities but are the most likely based on what I know/read. Winu shares a similar mineralogy too. Hopefully this helps :)

Great appointments. Starting to notice a theme here with many former Fortesque and N Star members coming to the party. Both well oiled machines so it seems as if Shaun and the board are looking to repeat the feats those two companies have managed in the last few decades. Easier said than done of course but better to recruit those that have done it than those that haven't

Essential viewing this interview in my opinion. Who better to hear from than Callum and the interview covers all manner of subjects including a nice, easy to follow run down of the geology & chemistry of Havieron and bismuth at the start. Also covers the situation over at Newcrest and the takeover scenarios as well as the other results received for our other projects. I'm very excited moving forwards and can't wait to see what the work programme throws up this year

Happy new year everyone! Personally, glad 2022 is over, it was a dreadful year for the markets and frankly the world over. However, hopefully the worst is over and 2023 will provide some optimism. Looking around, I see a lot of commentary on commodities doing well in 2023 and many investors rotating their money into the sector. Hopefully, some of that flows in this direction.

Looking ahead to 2023, the feasibility study is the obvious milestone everybody is waiting for. That and the MRE update should provide a much needed catalyst for SP movement and provide the necessary details and paperwork for other banks to get involved. I know for the more technical folk on here, details on the mine plan will be very much welcome. I haven't kept entirely up to date with what is outstanding so somebody correct my if i'm wrong but we have Scallywag results due which could come out in January? It will be interesting to see if they have improved and are closer to any mineralized centre.

For me, I'm most excited about any new drilling campaigns GGP undertake. Bromus, Ernest Giles and Rudall I suspect will all receive attention. Ernest Giles is the pick of the bunch for me and I can almost guaruntee i'll do a new video once they announce they have started. Likewise, I'll try and get a video out on the feasibility study news which will attempt to be a summary of the project to date.

2022 was not an easy year for holding stocks. Of course here at GGP, the sp decline has led to some angst. Hopefully 2023 will overturn some of that sp decline and be a much better year.

Magic

Just about the best RNS' the company has had since the PFS 2 years ago. The headline says it all "transformational". Boy has Shaun been busy behind the scenes. The talent being onboarded in addition to the amount of funding is absolutely phenomenal. I'm not sure what the record fund raiser is for AIM but Shaun has definitely put in a contender and in such short amount of time and crucially BEFORE the feasibility study. If you've attended any of the shareholder meetings in London you'll know he has been building towards this. It's one thing saying it, it's another thing doing it. Just ask the boards of 90% of other junior miners out there who talk, talk, talk but do sweet FA. With the amount of money put in at these levels, you would like to think the bottom is in and it'll be onwards and upwards from here. Who knows, the market is very weird. But there is no denying the trajectory the company is heading in with the confidence being shown by top level investors and directors. Exciting future and lets hope another hit in the Paterson comes along to sweeten the pie

Not post in a long while but have to make a few comments on the 5%. Firstly, I actually agree with Shaun and the GGP RNS being that the 5% not being taken up can be viewed positively seeing as we own 30% rather than as everyone expected 25% of Havieron. This is a good outcome for GGP. There's a debate to be had about where the funding will come from to deal with the exploration and debt but that's for another time. Bottom line is more of Havieron is a good thing and should be reflected as such in broker notes going forwards.

Having said that, Newcrest/Sandeep wtf are you doing? For football fans out there, Newcrest are running their show like Barcelona. Absolute shambles. No strategy. Their results are woeful and their stock is trading at lows not seen since 2018 (lower than the 2020 crash). Every measurable statistic - down. Now you might say that is the reason they opted not to buy the 5%. To keep more cash in the bank, use for dividends or elsewhere. Sandeep said something along those lines to an analyst in the QnA I believe.

However, that is not what the Newcrest update says. Instead they use the reasons of "not meeting their return threshold" and use the excuse that they spent $65m to get 70% but don't see the value in spending $60m to get the next 5%. The whole point of spending $65m was to find a Au deposit and now they have and it's delivering 6.5Moz+, growing and replaces a declining Telfer mine (which is a drag on the balance sheet) , Newcrest are prioritising other avenues. This logic would be like spending $60m on Lionel Messi to develop him. Then when he becomes the best player in the world, delivering guarunteed trophies, not signing him on further for an extra $60 because he doesn't meet the return handle? To pay out some shareholders a few more dividend even though their pennies on a dime compared to the 33% loss from April 22-present alone?

Not only that, when Shaun come knocking with $85m cash in hand to buy 5%, Newcrest turnt their nose up at it. So you don't want to buy 5% for $60m but don't want to sell for $85m? Maybe they wouldn't be allowed to accept $85m, as I have read below. I don't know. But that is a huge contradiction if ever I saw one. Personally, I think this is all a big corporate game of chess now and we'll have to wait and see how it plays out. But I feel with grandmaster Shaun at the helm, we should be okay

Dip's notes cover it. I believe the plan is to get the banks to fund Havieron. I believe in the shorter term, all of our exploration is fully funded which is a good position to be in. Longer term financing for Havieron is derisked thanks to the quality of the asset. The NCM debt will hopefully be more than covered by the 5% payment which will clear the path for the banks to get involved (in addition to the feasibility study). Lots of reasons to think Greatland can deliver this. So i'd argue the risk of a placing is low right now but obviously can't rule it out. Especially since I have never seen a company be completely transparent about placings