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Now it becomes a question of what grade we apply to the ore. To provide a range of potential outcomes, let’s apply three scenarios (note that we divide by 31.1 because this is the number of grams in one troy ounce):

-LOW: 1 g/t ore, which results in roughly 3,900,000 ounces of gold ( (120,000,000 X 1) / 31.1 );

-MID: 1.5 g/t ore, which results in roughly 5,800,000 ounces of gold ( (120,000,000 X 1.5) / 31.1 ); and

-HIGH: 2 g/t ore, which results in roughly 7,700,000 ounces of gold ( (120,000,000 X 2 ) / 31.1 )

Now, we have to assign a valuation to each ounce contained within the Havieron. The table below, taken from our recent report on Greatland, demonstrates the value of a few of Australia’s largest gold miners, in US dollar per resource terms.

If we take a relatively conservative view and assume that each Havieron ounce is valued at $200, then the total value of Greatland’s 30% project interest (on the assumption that Newcrest takes a 70% stake) is as follows:

-LOW: $234 million (£178.7 million) ( (3,900,000 X 200) X 0.3 )

-MID: $348 million (£265.8 million) ( (5,800,000 X 200) X 0.3 )

-HIGH: $462 million (£352.8 million) ( (7,700,000 X 200) X 0.3 )

Always good at Greatland lol

For these results !

What a lovely bonus

PS- the SP would fly on a whiff of that to lol

Good expansion Jerry , newcrest could offer much that could be mutually beneficial , it’s seems the obvious thing to do.

We could get an RNS of sorts saying newcrest is assisting , not an impossibility , would make perfect sense to get done fast.

They added: “Whilst the shares have performed strongly, we believe that this is just the market beginning to catch up with the very positive drill results generated over the past 12 months. In our view, these results, and NCM’s level of ongoing commitment, are indicative of a project that is going to get developed, with ore being trucked to NCM’s 22Mtpa plant at Telfer.”

The analysts concluded: “We retain the view that GGP is one of the most exciting exploration projects globally at this point and note that, beyond Havieron, little value or attention has been paid to the company’s broader land holdings across the Paterson district that remain essentially untested.”

Who is Berg Schlemiel?

We are moving up now.

Nice one SK

That puts Havieron right into prospective . Thx Stu

Wonder how next weeks gonna go guys?

How about we are not miners , we are an exploration company who find discover and sell.

Next 2-5 years Stu , we will be at that this year my friend

Morning Stu, I can assure you a takeover is highly possible . Discounting is extremely naive , we are all sharing our research . Have a good day

Yeah right stead , Jog on .

Hi Spy , good we are on same page , It’s gotta be 30p plus , I reiterate we ain’t going the distance and newcrest will want rid of us as early as possible specially now Hav Looks way more than even GH dreamed of .

You just hit the nail on the head York , we are NEVER going the distance here .

“ GH has also hinted that he will not be around a lot longer. I doubt very much that his plans extend to being involved in a full mining enterprise. GGP do not have the depth of experience - or the appetite to become a full mining company. ”

Be out of this at your own risk imo

The one thing you never hear GH talking about is our share of the mining of Havieron and the reason is because he knows a buyout is coming soon, he’s always talking about the urgency of the Havieron project , no reason to talk about the other projects ( rarely mentions even Scally ) why ? Because he’s working on selling ggp dependent on HAVIERON aimho