Member Info for MF11

Hotcopper is possibly the best forum for Aussie based gold stocks.

During my daily trawl around the internet researching GGP and other things gold I came across this site which may be of interest to some.

Ceo.ca

/Gold - provides a mass f up to date research on gold.
/ggp.l - information on GGP - appears to be nothing new and some of the data they have is sourced from this site but may be of interest.

Are you surprised, many people here have much invested!

All the best MF
CEO CA GGP.L

Apologies, but Academy as I pointed out earlier she is stating 3.57Moz gold, it is not an upgrade in any shape or form.

No, it totals 3.57 Moz (add up the 5 graded intervals for Gold)

If you add all grades 3.57 to High Grades 2.07 then you get the 5.5 M

I think he is saying 3.56 Moz in total, of which only 2.07 is higher grade.

Somewhat different to the figures from Numis, Hamman, and what we have calculated here!

For anyone who's interested.

AngryGeologist - BlogSpot - Com / 2020/06/havieron-greatland-gold.html

http://angrygeologist.blogspot.com/2020/06/havieron-greatland-gold.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+AngryGeologist+(Angry+Geologist)&m=1

TGF - Yes it is an understandable mistake to make with the quality of your calculations and the made up numbers you use!

Who said GGP were a better investment than BMN?

Read my previous posts, they say enough, and you have responded in true BB form.

I will continue to read the BB as I am invested, but not to post. Have a good day.

But then again with the arrogance and unwelcoming nature of this BB perhaps it should be expected.

Such a shame, because there seems to be a large number of posters with a vast amount of knowledge about an extremely sound company to invest in.

Great analysis and 7 recommends to boot.

Perhaps if you took your blinkers off and actually did some research you may realise that there is more than 1 good company on the AIM market to invest in.

I am pretty sure it is ALL of them.

No - They would not have increased their holding. The GGP share price went up yesterday, and therefore the value of their holding. This would impact the percentage of the fund that can be attributed to GGP.
That said it was reported at the end of May that they hold just over 22 Million shares, and I believe it is now approx 28 Million (but I think these were added on the 1st June).

Sounds good, the only other observation at present is that the Copper values are the same as the Gold values, and therefore not displaying the correct values.

@Fun. - Yes thanks and very much appreciated.

TMT - Yes, fully aware and I have my own spreadsheets for my calculations.

However, I am not as skilled as Fun., to put anything out on the net for everybody's use, and wanted to point out that his utility could not be used as is for most calculations.

thanks

MF

Impressive> It values the resource, but unless I'm missing something, the cost of mining is not taken into consideration (and that will need to be removed before calculation of the share price).
Additionally if it calculating at 100% ownership, so cannot be used to calculate for Havieron.

I'd just leave it there before you embarrass yourself anymore!

and that maybe somewhere close to how GH sees providing the best return for shareholders. Minimizing expenditure, maximizing income.

These were the comments 1Plus1 sent to the website with regards to the article. The comments were visible on the article until recently, but have been somewhat mysteriously removed.

I posted the following comment on to The Armchair Trader website and the site deleted the comment!

Hello Vanya, I read your article with interest as an investor in Greatland Gold. As an "award-winning financial journalist", presumably you would be amenable to revising your article to take account of factual inaccuracies in your original piece? For example:
1) "it is already considering selling its stake to Newcrest". This is not correct. There has been no public release or comment by the Greatland management that it is considering selling its stake to Newcrest, nor has Newcrest suggested that it will buy out Greatland's stake.
2) "Telfer itself doesn’t refine its gold on the site but only roughly processes its raw material into a far cheaper substance, a gold-copper concentrate". This is not correct. Telfer produces gold doré which is refined by the Perth Mint. The value received will be spot price, less a small margin for the refiner. A secondary output is the concentrate, which is exported.
3) "Newcrest recently conducted two drills on the site and was sufficiently enthusiastic about the results to initiate two more and then another two exploratory drills.". This is not correct. Newcrest has been publishing results twice every quarter, and presently has eight drill rigs operating on site continuously.
4) "to build a deep mine the ore needs to exceed 2.5g of gold per tonne of raw material". This is not correct. Current block-cave mining techniques can profitably mine much lower grades. For example, Newcrest's Cadia East underground mine with mineral resource 700m to 1,500m below the surface, with blended average resource around 0.40g/t Au and 0.26% Cu, operated with AISC ov 5) "It is telling that Newcrest itself explored the site in late 1990s and early 2000s but didn’t proceed with any projects". If you read the actual Newcrest reports, which it doesn't sound like you have, you'll see that Newcrest drills failed to go deep enough and penetrate basement. The Newcrest report recommended revisiting the Havieron site, but it appears this was forgotten about with the passage of time. Modern drilling technology has overcome this issue.
6) "The mine is still relatively far away from any export infrastructure and the end product will be the relatively cheap gold-copper concentrate". The Havieron site is just 40km from Telfer infrastructure, which has it's own landing strip - product can be very easily exported. As previously mentioned, the article erroneously overlooks the gold doré produced by Telfer and sold to the Perth Mint - the value received will be within just a percent or two of spot values.