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Something is definitely brewing with the largest director buys so far. Maybe they don’t want be seen to be doing business as usual during covid 19 which the covid update looks like they basically are so might be delaying some nice news.

Newcrest paying for the drilling so the 1 year cash runaway does not apply, just a ridiculous computer generated figure.

I heard they stopped drilling because Rio “accidentally” blew up havieron as well.

I’d be willing to bet arnie bought back in and made a new account. He probably got fed up of talking rubbish to try and get in at a cheaper price. He’s probably ramping this on his new account and backing all the people he was previously ****ing off.

If someone was taking over they’d take over the employees and the drilling would continue. Unless its someone just wanting to buy just the prospect but if it was newcrest they’d still be drilling.

Dude you can get mini fake magnums in Aldi. They are cheaper and then when you eat a bunch you don’t feel as bad because there smaller.

Why would they stop work for a takeover? It doesn’t make sense to stop. What else did he post I must have missed something?

I hope there is news of scallywag but I did worry after Rio blew up the natives caves and blamed it on permission from the Australian government that the government could unfairly extend the exclusion just to make it look like they looking out for them when the damage is done. Obviously this would be totally unfair on GGP and hope they do get news on lifting of restrictions for scallywag.

The USD could take a tumble with all the riots and there lack of control for Covid 19. That should push gold higher than brexit, the euro crisis, changes to Asian export demand and the global recession all put together. The usd dollar is a reserve currency because of there gold holdings but if the USD falls then people will go strait to buying gold.

Gold should have jumped on the caronavirus but because there was confusion over demand the jump only recovered it to where it was. The price of gold has gone up nicely since but we haven’t seen that jump yet which I’m sure we will. Also as I’ve said before a second wave won’t have that same concern over demand so it should only go up.

Also it’s an American site which is clearly fake. Drum sticks for $65.00?? Nearly the same price as the drums???

The Bear Grylls advert is back. This is clearly subliminal messaging trying to indicate a bear market. The advert goes to Children’S Jazz Drums Boys which has nothing to do with Bear Grylls??? Why would someone advertise this on LSE anyway? Someone wants you to sell so they can buy..

The first crash affected gold because people were unsure how covid would affect the desire for gold. As the price recovered stronger I don’t expect a second crash from another wave to have any downside for gold, in fact quite the opposite.

The money printed always finds its way back to the rich and the people that buy gold. More money for people to buy gold and the obvious rise from inflation should all set gold to new highs.

I wouldn’t have noticed this unless you mentioned it, I’m so used to scrolling strait down the page. The other day one of the picture adds was something about Bear Grylls. I didn’t click the add so I don’t know what it was about but I thought it was some sort of subliminal messaging aimed at another market crash so the banks could cash in on investing at the lowest prices. While these things used to hurt the banks I think they are learning to use them to there advantages. Maybe just me as a conspiracy theorist though.

Newcrest had director sells late last year which puts investors off whereas great land had director buys. I’d have bought some newcrest shares if it wasn’t for the sells and the fact that greatland is a much better investment.

Imagine if scallywag and the other targets were owned by another company with targets right next to the greatest gold discovery of a generation, would you invest in that company? Now imagine someone would pay you to have shares in that company because that’s how I see it. The analysts show the SP is lower than just the price of havieron and we have better targets with more potential than those other companies. I think some people see other companies as cheap and so they will invest but this company has better potential with such little risk.

I don’t see why the Australian government wouldn’t allow a takeover of newcrest, after all Rio tinto is an Australian company as well.

Anyone have any calculations they want to share? I am using this and getting 24moz? Is this similar to your calculations/estimates for the current area?

https://miningmaven.com/blog/1009-the-elephant-in-the-room-how-large-could-greatland-gold-and-newcrest-mining-s-havieron-project-be-ggp-ncm

Using calculations from the above old article and changing strike length to (350m X 600m X 600m), assuming/guesstimating average 2g/t au. Gets an estimated current explored area of 24moz Au and estimate value of our 30% at a £1.1b. See calculations for this below.

New strike length:
350 X 600 X 600 = 126,000,000 cubic metres

Specific gravity of three (which is broadly expected in the regional geology:
126,000,000x3=378,000,000 tonnes of ore

Estimated 2g/t average:
( (378,000,000 X 2 ) / 31.1 )

= 24308681.672

Or

24moz~ Au

Still using the conservative $200 taken from the table and not taking into account rising gold prices. We then calculate greatlands 30%.

( 24308681.672 X 200) X 0.3 )

= 1458520900.32

1.45b USD or £1,168,789,320.00 GBP

Estimated conservative £1.1b just for current extent of havieron Plus copper and areas still open. Plus rising gold price.

£1.1b+!! Yet GGP market cap is currently only £300m~. Even if average is 1g/t it would still equal £500m+ and we’d still be at around 12moz. This figure should still go up as more is explored.

The website states that GGP paid for the article so it’s likely they either produced the original calculations or at the very least proof read the article and were happy with the calculations being reasonably conservatively accurate.

Do your own research though and check both mine and there calculations before making any decisions.

It’s great that you focused on the Paterson as well. I put a small amount in antipa which is up more than my greatland shares although I expect greatland will by far outperform as they are close to the MRE where it will come to it’s true value. I think the winu discovery is significant and Rio buying all the land while keeping quiet on exactly what they’ve found certainly suggests something big. I’m hoping greatland JV with Rio on scallywag given the adjoining tenement. It should give more exposure to there investors and news but newcrest have done a great job and have the first right of refusal so who knows. Thanks again magic the video is really good!

Thanks magic I just finished watching and I will no doubt watch again in the morning when I’m sober. Im not an expert but I studied civil engineering which included geotech so I have a basic understanding although I work with structures now as I preferred that aspect of things. Unfortunately I can’t invest in civil engineering as the company I work for has contracts with everyone so I stick to investing in mining overseas to avoid any legal issues.

Thanks chester. That makes sense. I have done a lot of research but some stuff is just easier to ask. :)