Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
https://greatlandgold.com/wp-content/uploads/2022/05/GGP-Investor-Presentation-May-22-vF.pdf
Makes great reading.
Yes, only only 18 mentions of Havieron lookalike targets. It definitely appears that Havieron is becoming the new buzzword in the gold mining sector. It would not be if Havieron was not going to become the new Kalgoolie.
@Bamps21 - Yes, the depth capacity for the Sandvik DE880 seems to be 3174 metres.
https://irp.cdn-website.com/54b6d875/files/uploaded/SANDVIK%20DE880%20MULTI-PURPOSE%20SURFACE%20DRILL.pdf
Another new job advert. Looking to explore down to 3Km.
How big is this going to get?
https://www.seek.com.au/exploration-driller-jobs
Deep hole Diamond Drillers with directional experience required for ASAP start!
atMitchell Services LTD
Featured
This is a Full Time job
Location: Port Hedland, Karratha & PilbaraPort Hedland, Karratha & Pilbara
classification: Mining, Resources & EnergyMining, Resources & Energy
subClassification: Mining - Exploration & Geoscience
Mining - Exploration & Geoscience
Offering high base day rates with competitive meter bonuses!
Offering permanent full-time positions with a leading client in Australia.
Deep-hole diamond drilling project. Drilling between 2500m-3000m.
Based in Telfar Havieron, manage your crew whilst performing deep-hole drilling on our Sandvik DE880 and LF160 rigs.
https://www.chandlermacleod.com/job/core-shed-leading-hand-wanted
We are currently seeking an experienced Core Shed Leading Hand for a role with Newcrest to work at their Havieron Exploration Site, to start immediately for the right candidate on a 12 month assignment, with the potential to extend.
Role includes - Responsible for developing and maintaining professional relationships with various onsite team members and contractors to ensure timely delivery of Exploration targets and production of samples.
Obviously a lot more exploration and growth to come
@LuxP - Yes, it is because their reporting system is corrupt and they are counting both of the US & UK funds twice (probably because both funds have the same name and they have not catered for that in their Business Reporting tool).
Yes same old narrative. New posters coming in when the SP and falling and stating that there is little or no upside in this. No calculations to back it up just a clear attempt to spread doom and gloom.
What a load of blx.
@Droverman - Vaneck have not increased their holding by that large amount.
They hold 211,674,411 in their US Fund and 21,730,330 in their UK Fund.
Figures taken from their website this morning.
https://seekingalpha.com/article/4500135-newcrest-mining-ignore-the-weak-q2-results
Quite a few mentions of Havieron, and its importance in transforming Newcrest moving forward.
@Benrumpson1 - I would suggest, you and many others (including me initially) are looking to price the FMV for the 5% based on Fair value for Gold Out of the ground (close to spot price less development costs and AISC). This is clearly not going to happen and you need to start looking at GIG (Gold in Ground) prices in the sector.
These will be a fraction of the current spot price, and will differ for Inferred, Indicated and Proven. How bigger fraction is down to Shaun as his team to agree.
We are all hoping that Shaun can negotiate a decent deal with a higher value than the norm for the sector. However, these are unlikely to be record breaking prices (why would NCM agree to that), so I believe you need to lower your expectations.
For those that have missed it amongst all the shenanigans caused by the disrupters.
Paddy is tweeting about further step outs at Havieron -
These new step-out holes are sure a long way from the current known orebody.
The tail of HAD153 is over 230m SE, HAD154 is roughly 500m SE & HAD155 is roughly 420m to the North.
This dolerite dyke testing could multiple Havieron by multiples...
https://twitter.com/paddygall1
@petejh - You are one condescending prick.
Using the figures you choose from broker notes to call people out for unrealistic figures to suit your own agenda, whilst ignoring others that don't..
You are happy to call people muppets and unrealistic using the below quote -
"They're literally telling you that their 25p target price is based on their DCF from February 2021, with modifications since then, but which STILL BASES IT'S VALUATION on a 20+moz resource, a 25 year life of mine and rates of production up to 20mtpa."
Using those figures would generate GGP approaching $200M per year (Income less AISC) for 25 years (it's all there staring you in the face).
Yet you believe all of this is included in the 25p target price, it is not.
You really need to look in the mirror, who is the muppet?
It was covered In Jerry's post yesterday at 10:30. Thread name also "Yesterday".
"SD is not at all bothered by the JPM short. He comes from the Rick Rule school (and mine too) that shorts are no big deal, as they will eventually be buyers. He thinks the short is directly linked to the 5% negotiations, which I am not sure is right. But if it is it should be closed after the 5% is done."
@StarBright - You are totally missing the point or being deliberately misleading (personally I believe the latter).
The current fund value is $5.1 Billion of which GGP had a weighting of 0.76% (value of $39,132,956) according to latest GDXJ extract.
The rebalanced fund value is based at $5.1 Billion of which GGP has a new weighting of 0.85% (0.85% of $5.1Billion is approx $43,000,000).
A difference of nearly $4Million, they will need to increase their holding of GGP by this amount due to the rebalance.