Member Info for mercedesman

GGP RNS Dec 10th

“ · Initial Mineral Resource estimate: Initial Inferred Mineral Resource estimate of 52Mt @ 2.0g/t Au, 0.31% Cu or 2.5g/t AuEq for 3.4Moz Au, 160Kt Cu or 4.2Moz AuEq1,2. Mineralisation remains open outside of the resource shell with potential to grow the resource over time.
”

Sure the country is different, but thats pretty much where the differences end.

Both in JV’s
Both “free cary”
Both fully funded
Both near operating mines
Both retain 25-30%
Both striking high grade intercepts

Difference is GGP sat for a year at £50m mcap before going on a 20x rampage after drilling proved up the resource and added confidence.

Which is the exact stage OMI is about to embark on now.

GGP: currently 4.3m oz
30% stake = 1.3m oz
Mcap average = £1bn
-£500m because they have a processing plant already built (that we dont)

so we can roughly say that 1m oz is worth £500m mcap, or adjusted for our 25% stake £416m

so at 5m oz (we own 1.25m oz) we get £520m mcap, or roughly £2.70

at 10m oz (we own 2.5m oz) we get 1.020bn mcap, or £5.40

you lot need to add NAV, hence your numbers are too low.

now factor in the fact that OMI 's deposit is much shallower and dense, therefore most likely cheaper to mine, and you really start to see the opportunity here.

yours sincerely, a 4 year GGP investor.

someone must be buying BIG off book, feels leaky to me! : )

yeh right, if it can do 9% on just 270k volume, imagine what its going to do on 7m volume!

Wow, flying out of the gates 28.15 +5.8%

Stop it, im already struggling to sleep with the excitement!

Why? Ive stated that i have no interest with LSE since some of the LTH’s turned on me. If you dont want my support, no problem.

OMI tweeting they have 450m x 280m and open in all directions.

Monochrome, my understanding is they are drilling “down” and “up”, not width.

They need to test the vertical extent both ways from hole 72, these next 4 should give us a good idea of where it starts from the top, and im hoping as it gets deeper it also widens.

We may see slightly reduced grades but wider intercepts as they go deeper, so instead of 70m @ 3.5g/t, we could get 120m at 2g/t (a superb intercept)

If we get wider intersects AND continuation of high grade...... well then the party really will go off with a bang.

50p for starters, I think we’ll be multiples of that once results are out and volume picks up.

I'll take that.

Well Well

nope, and nope, ive been trading ARB, MODE, and NAKD to subdue the boredom, but £300 here, and £500 there is nothing compared to what OMI will do for my PF when it pops.

hope, so, im so freaking bored this week, but that's the challenge in trading, not finding the right stock, but waiting for it to actually do what you know its going to do.

i watched 3 films back to back today to drown out the emptiness

Tick Tock, not long now. And it'll be worth the wait.

MM's trying to put buyers off with a 4.5p spread, must be short on stock, squeeeeeze them b.it.che.s!

didnt use my £2k allowance yesterday, am trying to decide if i should get £4k today at 27 or wait for tomorrow, but i'd imagine that we'll get a rally into close tomorrow for possible news monday......so mayby top up today before 4.30

Yours Rob?

Incoming

News this Monday.

I'd expect news to come this Monday, or next, last orders!