Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If the Hav site gets massive, centre, NW, SW and then possibly SE who pays for all the extra drilling over and above the 80,000m? Do they drill 80,000m and then issue an MRE and increase it later or what?
Any body got any thoughts?
gla Matt
TMT we have loads of targets to drill! In the presentation in June it stated that SW targets would be drilled this year. Obviously the deal for doing the drilling has to be fair for both companies. I think with the characters involved they can achieve this for SW. It might be different for Patterson east. Going it alone drilling SW is too small minded - it is a bit like Dragons Den - a smaller % but of a bigger whole!
Do the oracles on the site believe there is any gold to the SE of the site?
imho, gla
Matt
SB - It looks like the mining licence is for a 50km radius of telfer so that includes sw and Hav. With the technology NCM has for drilling and assessment why wouldn't you use your mate to help you with the drilling.? They just need to come to a deal on the costs etc. No problem
imho, gla
Matt
The mining licence ties Hav and SW together under one licence. Does this automatically send the signal that NCM will be involved with SW - obvious but do NCM do the drilling there. It will be more efficient than others doing it.
gla
Matt
This is what it reads on the GGP website
'Strike extension drilling 220m to the north-west of previous intersections has intersected significant mineralisation (1m @ 2.4 g/t Au and 0.08% Cu from 557.6m, HAD066), indicating the potential to expand the high-grade crescent zone'
Shouldn't it be 84.1m!!
gla
Matt
If you were working closely with a company for mutual benefit surely you would get them to drill SW for you. So I see NCM and GGP will come to an arrangement on how to do this. NCM have all the best tools for this and CB and the NCM geologists would have been pawing over the data for months. It is all a matter of trust and being fair with each other. An RNS soon saying NCM will drill say 5-10 holes at SW with some financial arrangement!
imho, gla
Matt
I worry as to how large an AIM company can grow, or is allowed to grow, in terms of Market Cap. I tend to judge what the share price will be at certain MCs. So for £1bn Market Cap the share price will be approx 27p assuming the current number of shares. That is a large MC where the company is not producing any cash flow! I am not saying that is good or bad, but that is what it is . Alot of AIM and small cap funds and II only invest in companies that have a solid cashflow.
I have looked at the MC of the top 100 Aim companies as can be seen here
https://www.sharecast.com/index/FTSE_AIM_100
I was pleasantly reassured that the highest MC in this list is £4.8bn and the lowest apart from Stobart, £136m. If you put GGP in this list there are currently 40 Aim companies with a higher MC than GGP's. So this gives some perspective as to what companies can do.
For your interest I first invested in GGP in 2010 and my records show that the sp then was 2.4p! I lost interest in shares and then got the bug again a few years ago.
I have 6m shares at 1.4p average and completely overwhelmed with how this company can change my life.
Sensible comment by SOS earlier about the timescale of true value in the company. I hope we hear news regarding Scally soon but something left field could come first with GH pulling another rabbit out of the hat!
Thanks to all for the board discussion and the contributors - great reading.
imho, gla Matt
I have not managed to fully keep up with the thread but in essence am I right to think someone has suggested they have stopped drilling. Am I right that Sandeep said that they would be doing 80km of drilling from 1st July.
So is it possible they are giving the drilling team and machinery a rest and then starting again 1st July with the 80km.
Perhaps they are doing a months drilling at Scally!
Any thoughts?
gla Matt
The Artemis report has a good photo on page 19. As you look at it I believe you are looking towards the East and it is approx 6km between the white lines.
Would it be possible by the clever digital/tech people to mark on the photo where the main drilling areas are, the step outs etc
It would be amazing to bring the area to life in photo form
gla
Matt
The technical date and presentations available on this forum are truly amazing - so thank you to the contributors. This high standard will I am sure attract others with knowledge and wisdom to share.
Something i have just noticed from a simple viewpoint is Winu is on this SE/NW line -see below
https://greatlandgold.com/wp-content/uploads/2019/04/PatCompMap-14-04-19.jpg
gla Matt
Our beloved leader has said very little this year, a bit of drilling in Tasmania, commenting on NC work and that is about it! He must be up to something because he cannot interfere with NCs drilling. Come on Gervais lets have some action!
gla Matt
It is interesting to read the details on smallcap/Aim investment funds as to the type of Aim /small cap companies that they will invest in. The majority of companies they like are ones which have cash or generating cash - this presumably reduces their risk. Very few if any mining companies are in these funds due to this. If GGP see Hav through to mining with NC and get a £x per ounce of gold then they will be cash generative and alot more attractive to IIs
imho, gla, Matt