The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
In the RNS dated 3 Sept they said
'Greatland has also completed drilling at Meadows to assess the large, untested 5km x 1.5km anomaly defined by Newmont's Deep Sensing Geochemistry ("DSG") work and supported by Greatland's MMI sampling. The Company expects to receive these results in approximately four weeks.'
So this is the 1st Oct.
As nothing significant has come out of EG yet I would not be surprised if these results are poor!
I hope I am wrong. They must know by now though!
imho, gla
Matt
I think this is going to be NM's legacy to the mining industry and I do not think he wants to give up control - there his ego to take into account - he will want to keep the Solgold name alive. So I feel it has to be some combined deal
imho
Matt
I have listened to NMs talk and he is very confident. Fascinating how this will play out. He gives the impression that he wants to take it to production but also says that Cornerstone are not a problem as they are unlikely to be able to afford their commitment, then makes a point that Newcrest cannot block anything. I suppose he has to get Cascabel to feasabiltiy stage and then see which companies want to be involved.
He mentions using the gold tenements to pay for the mining at Cascabel but I am not sure how feasible that is as he needs 3bn. I think he will need a major mining company or companies to come on board.
I would like to think there is a lot going on in the background - but not sure?
imho, gla
Matt
Massive coal field, in production, China in power station partnership, great calorific value product, government support and less than £5m! They need to be promoting this to death!
Come on Rufus!
gla
Matt
As in other mines do you think the whole Solgold assets will become a joint venture between BHP, Rio, Solgold and perhaps another? As NM has said this is going to be a mining district with multiple players. I would say that BHP has shown some commitment by taking up 6%.
Fascinating how it is all going to develop I feel.
imho,gla
Matt
So the rock samples were not influenced by visible gold
That is very important
'Rock chip samples with visible gold were collected from the Saddle Reefs area and these samples were reported previously (21 June and 21 July). It must be stressed that none of the rock chip samples reported in this announcement contained visible gold so as not to unduely bias the laboratory assay results. These samples were predominantly iron rich goassanous textured rocks with varying amounts of iron stained quartz.'
gla
Matt
Thanks for your comments on this.
The point I am trying to make is with limited funds, with the drilling results they have do they give up now on Empress, Carnegie and Wishbone or do they waste more money drilling for ppb. We hope Meadows is the motherload but I do not have much faith as NM would have recognised it. Do your research and see from past drilling nothing has been very impressive on EG. I mentioned this 18months ago and was told it is a massive area.
Remember we have this up to date MMI sampling and DSG techniques and this has not been able to pinpoint the motherload so far with where they have drilled.
I hope if Meadows is unsuccessful they forget EG and not waste more valuable resources on it, BUT concentrate on where they know gold is, BH and Haveiron, and Firetower.
I think GH has lost some credibility on this but I expect he will come good.
This is only my opinion - it has no effect on the sp - what do I know?!
I only comment on how I see it.
imho, gla
Matt
in places where there is no gold or nickel or copper. You would start the drilling where there is best chance to show the market you have a resource. What is the point of drilling but not deep enough!? So its hit basement - so what, are you going to drill again?
So GH can spin this however he likes but I feel EG is a timewaster and money eater - it has never come up with decent resource amounts!
Lets hope BH and Havieron do the biz otherwise this share is going to suffer
imho
gla
Matt