Member Info for miker444

David Lenigas is not involved as we all well know, he is at Artemis who have the license next door to us, it is in his interests to talk up GGP due to the location and proximity of his license. That's all.

well play with this until actual assay results but this will only be on hold until then if they do drop it now.

recommence. So start up again by end of March, that's early in WA due to it being their summer and high temps but looks like they want to resume as early as is comfortable to continue proving up, GH got the bit between his teeth.
We only needed 1 more hole to confirm large mineralisation due to holes 1 & 5 being so good, this confirms and then some, visible mineralisation in all holes and to end of holes, 6 & 9 look especially good.This is excellent news.

It may well be Iron Pyrites but if its from HAD005 then we know we recorded 275m @4.77g/t or 5.75g/t equivalent (copper incl) so it really doesn't matter or affect the results.

Totally agree copperman, not sure you are allowed to release price sensitive news in AGM's without first releasing an RNS, if that news would have an impact on the sp.

Previous reports have stated that work usually resumes late March as that is 6 months offset in Aus and the equivalent of UK Sept weather pro rata of course as OZ is generally warmer than UK in all Seasons, so approx 4 month break.

atb

Hi news, yes he stated that they have only scratched the surface or words to that effect.

of mineralisation. The Gravity model is separate and in addition to the Magnetic model, told people this morning to re - read the RNS regarding additional mineralsation / 2 bodies to what we already have.

"Extends further than prevously expected to depths in excess of 1200m it goes on " extends from 400m to 1200m" and then states " elliptical shaped body 800m below surface to 1400m belw surfaceand may continue beyond 1400m( we have only gone 822m so far by drilling) and it states the body is fom / starts at 800m and goes to 1400m.

So the 800m to 1400m and beyond is totally in addition to the depths we have ever gone to so additional to what was in previous RNS's and indeed additional to the 275m @5.75 g/t equivalent.

This is in addition, going below the tested 800m baseline to 1200m. GH states 'Significantly Larger'.

Read RNS again.

If it stands out in such a definite shape then it would suggest high grade / concentration otherwise low grade dispersal would not give a 'solid' enough picture.
It does suggest 10m oz's could be a conservative figure (gold that is), add in copper for good measure, difficult to trade this on a daily basis imo.

Could increase accepted tonnage from 650,000,000 tonnes to over 1 bn tonnes therefore increasing 'payload' pro rata, remember Telfer mine at 1400 metre below surface for just 1.4g./t.

Fun, absolutely in the ground of course, but imagine a JV, If we got 20% interest/ownership deal with Rio and a cash sum as well then we would reap the current $1200 oz less $800 ish operating / production costs, so 20% circa of $400 for every oz mined.
We would be within touching distance of a $bn company, add in the copper and it is a game changer.

Jus to add, the world renowned Kalgoorlie Super Pit averages 1.4g/t.

Due to it being classed high grade, i.e Telfer have to mine nearly 5 tonnes to get 5.77grammes as opposed to GGP mining 1 tonne then I would expect $45 -$50 bottom figure, this is still very attractive to a major. I do think we have excess of 10m oz's and then some.

atb

Personally think Tiburn's calcs are conservative at 2g/t average, with 5.77g/t over 275m and 2.93g/t over 121m with quite a few 20m - 30m intersections at double figure g/t I expect we are well over a 10m oz find. With mineralisation at end of hole I also believe the total tonnage will increase also.
Eitherway its all opinion at this stage but with all the excitement and national news GH will be able to command a decent $ per oz in the ground as it has been classed high grade (+5g/t). He will not give it away too cheaply and thas where Clive Latchum's wisdom and experience comes in.

atb

lost out to Artemis in securing the license by just a couple of hours or so and must have been really peeved by that, however, they can have their cake and eat it if they JV with us, afterall the scramble for the license was done after we released the HAD001 results of bonanza 139 g/t but more importantly the large intersection of 121m @2.93 g/t.

Hi mickey / Olwi, it really is all about Greatland, its as though we have drafted it ourselves. Surely a JV is on the cards now, if not talks already underway now we have Clive Latchum on board.

atb

Usually good sign

RealLawsey, the figures do add up even more than 20p on Tiburn's NPV copper post, just 6% of the £18bn is £1bn which gives 32p a share not 20p.
So add in the gold the figures do seem unreal but then so did SOLG. It happens, very rarely but it does happen.
Nice to see you back Coach777.