Member Info for magictrades

The past couple weeks has been quite active on the share to say the least. I noticed alot on here and on a FB group that we have a few new investors. I also noticed that some who may have recently bought may be a little "worried" about the drop today and yesterday. So to calm your fears I wanted to put out this post to fill in some information gaps that some may have and to reaffirm your investment choices possibly

First things first, when I bought at around 9p, the next day it dropped to 7.5p. So my entry at the time was at the high and I was a bit frustrated. However I recognized that the reason I bought was because of the fundamentals and that when I pressed accept quote at 9p I believed it was a good price and one I could make money on. Fast forward to now and we're sitting at over 20p and I couldn't be happier. Others on here have done even better and have shares way below even the 3p mark. This price drop is very similar to the situation that happened to me and because I sat patiently, I have and many others have been rewarded. Although I can't guaruntee it, I think the same can happen to you. And here's why

We have a project that is working towards a MRE (Mineral Resource Estimate) by Q42020 or Q12021. Newcrest, the biggest Ozzie gold miner, are our partners spending all the money delivering this. They have made constant noise about how good the grades and tonnage is and that it has potential for a tier 1 mine. Mix that in with rising gold prices or at least forecasted ones and you have an encouraging investment case. The geology is very favourable to Telfer type mineralization. For more info check out my presentations on YT or GGPhelp website. We have the foundations of a geological model, a major miner as a joint venture partner and continuing drill results leading to a MRE. That's just for Havieron

We also have the Scallywag targets. Greatland have started work on that area which shows promising geophysical responses and some similar to the Havieron signal. Some of these targets are larger than Havieron by area. We will have results and news about these targets alongside the constant news from Newcrest about Havieron. So essentially we have a running news feed all the way through to at least early next year. This will provide ample opportunities for a catalyst to boost the SP. What we want is a solid base to build from. We need retracements in the SP to do that. What I wanna see is us hold 20p. If we do that, with the pending broker note updates and drill results, this will provide a firm support for us to continue on our next impulse to the upside. Hopefully these thoughts help

Thanks
Magic

Thanks RedJordy, good to see some other GGP investors here. I wanted a nickel play and HZM's projects stood out for me

Hi guys, just a post to introduce myself as i've took the leap after monitoring HZM for a little while. Both the projects look excellent and within a market that favours metals at the moment and into the future with the demand for both Nickel and Cobalt predicted to increase. Another bonus is that both projects especially Vermelho are within the Carajas district, a very famous and rich mining district. Looking forward to interacting on here

Thanks
Magic

Hi Zoros - Artemis seem to have a firm grip on the area, I like their website a lot. It's a shame but they never responded to my email questions. I don't have an IG account so can't get access to their shares but they appear to have some similar geophysics. Early exploration company so all the drilling is yet to come so will need funding. Patience would be key and some luck haha

Hi Bamps21 - Yeah mineralization seems to tail off beyond that point. Might be due to a change in lithology that is unfavourable to gold ppt. I don't know the thickness of units but I think it could be the bottom of the Yennena Group sediments, a granite or possibly the Rudall metamorphics but I would think that would be much deeper

Hi guys thanks for the kind welcome back. Been a bit busy and my PC decided to misbehave so had to reset. That knocked out my email but I just checked and I don't have anything aside from marketing nonsence - but apologies if anything got lost.

So in a lot of my previous posts (and I know Hydrogen shares the same viewpoint) i've been quite bullish on the idea the fluids are coming off the granites. In my view, because the granites are quite extensive throughout the Paterson, the mineralization has the potential to be quite extensive across the region. I think this is why it's seen as such a prospective area by many miners. The nearology plays aren't a coincidence and although they are piggy-backing off Havieron, I think somebody else will find something.

Been absent from the board alot recently but glad to see another update. I thought i'd put my thoughts up for what it's worth and then play catch up on the other chats going on here.

Once again, some fantastic results across both the Northern and Southern sites with good grades and importantly good widths maintained. It's great to see the Northern Breccia produce a continuation of massive sulphide mineralization albeit less extensive than in the main zone. When looking at the figures we can see that the interpretation has lined up with many here in that the crescent shape does join up to produce a very clear ovate shape.

The tone of the RNS is very encouraging, remphasising the desire to have an MRE by H42020 and seeming as if they are on track to achieve that. This is supported further with the 2nd RNS for a mining lease approved. When you look at the main figure of the plan view, it's easy to see how much work has been conducted and with 9 rigs still in operation and a 100 man camp there, that map is only going to continue to be populated with new holes and intercepts. What I'm enjoying looking at is how the intercepts are throughout the oval shaped area and not just clustered in one spot. We've come a long way in a short space of time, take a look at past RNS' to see how that figure has developed.

Now onto the technical side of things. One thing Newcrest have added is some extra geology. The latter paragraphs and appendix mention the host rocks in a vague manner but simply state they are metasediments in the Yeneena Supergroup. This is well known to us and I would go one step further and have stated previously its the Puntapunta formation. They have added that mineralization is within some intrusives aswell which may match up with the post mineral dyke (appears to be dolerite) on fig 8 which has some intercepts marked. Lastly they have given the alteration assemblage and confirmed the mineral assemblage as pyyrhotite-chalcopyrite-pyrite. This all matches earlier mineral reports by Newcrest in 2008/09 and prior.

Piecing this all together, the evidence is strongly in favour of intrusion related gold and that the system is magmatic-hydrothermal. The alteration has been named as such and Skarns are deposits associated with intrusions that react with carbonates or metacarbonates (which we have in our area). Pyrrhotite is normally associated with magmatic related deposits. We know we have plenty of granites in the region and faults for hydrothermal fluids to ascend. This post is already very long but for me I have a model favouring a magmatic-hydrothermal system spawning from the local granite which enabled metals to be leached and deposited within an anticlinal structure within the Puntapunta.

Thanks
Magic

Hey everyone

first post on this board but been monitoring GRL for a bit of time and have a small position. I'm in agreement with the posts here in that the EP should get through fine and in general the government is Ghanain government supports mining operations especially the gold commodity. With the approval, we should be on track for the board's estimate of 1st pour in Q4 2020. That's what we all want to see :)

Isn't Winu quite a journey to the North? From memory it's a fair few Km's from the GGP licence area?

I'll have to find it first as I only just learned they upgraded us to 17.8p as a price target. Initial thoughts are that they have underestimated the spec grav of the rocks and that GGP or NCM have shown them from recent drillcore that the density is greater. It bodes well for MRE calculations since SG is a component. It either means more metal contents, denser/heavier mineral assemblage or greater compaction. My hunch is the former since at depth compaction will be high anyway :)

Been away from the board a little but this is a good summary Chester - nice job

Legends - i'm in the process of getting an account with em so that's good

I'm sure i've seen this posted before and i've forgotten the answer but which broker do people use to get these ASX miners?

Ideally you'd still want a diamond hole to confirm the full stratigraphy and what's at depth. However, from memory yes the scally sites are under less permian cover so it's possible early holes won't need to go to such depths. I can't remember what the cover on scally is off the top of my head though

I've pinged an email to Artemis to try and establish a communication line. I think given their early exploration status they may be more open to comms about the Paterson than ggp.

Yes Paddy I did see that. All very good for trying to support regional targets and the idea that the Paterson could be a more metal endowed than first thought

Can't believe I missed this! Very interesting stuff from Artemis. This adds further weight to our theory of ore formation at Havieron. The identification of granite at depth is an important find for the model I envisaged in my videos and supported by others such as Hydrogen on here. Although its only an interpretation, the seismic interpretation alongside knowledge of the local geology seems to show a structural configuration similar to Telfer. By that I mean - on the map you will see some pink lines with arrows - these mark out supposed antiforms and synforms. If these folds affect all the rock units we can call them anticline and syncline. If that is the case - if the oldest rocks are in the core of the fold (anticline) - it appears Havieron sits right on a synformal anticline (sorry for the jargon).

Lots of faults a plotted on the map = lots of potential fluid pathways. You can see based on this map how complex the structural configuration in this area might be. The key takeaway is that Artemis believe that they have a deep granite, structural features and of course gold mineralization similar to Havieron in their area. In essence they strongly support the idea proposed here over the past few months. For us their map - like Paddy says - shows the Havieron fault draped around our targets at Scally and their "magnetic rock units" underneath its contact. So Scally looks like a prime area for targeting mineral deposits.

Obviously any time a CEO or any company director chooses to sell shares it will be perceived as negative. I'd obviously rather see him not sell and buy more. However, he has in fact made quite a few purchases over the course of the year alongside Mr Baxter. He has exercised options, driven share price value up hugely and provided lots of value so far so quite frankly if he wants that £338,000 to treat himself, ffs let him have it XD

Been absent for a while on the board. Really good thread this one with some well thought out estimates. 7-8moz would be fantastic for the MRE. I'd love it if it could round up to 10moz, that would be quite the headline figure

Delighted to see this RNS this morning. Statement of intent from the JV

So thankful I didn't place a stop the other day, I was tempted to but would have been gutted if it triggered and I'd have to buy in at higher than I have. Lots of fear creeping back into the market these past couple days fuelled by the 2nd wave news etc. It's affecting all companies by an large. Nothing has changed with regards to our company, fundamentals are the same. Nobody likes days like today but they happen. I'd be more concerned if we had an announcement of meaning that caused this but all we've had is a change of broker notice.

Nice GH replied. Side note - When is the AGM typically held? Is it December? I'd like to attend given the chance