Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pacific Trend Resources
MH
Thanks for the clarification Timmit, you had me very confused but very excited at the same time there! All the best.
MH
Where do you get that number from? We don't know the listing price for Truspine yet so how can you value PRIM's holding?
We should ask Gervaise to claim the pin on the map, which is an option when you click on it, as Greatland Gold's business.
MH
Nice post Hydrogen. I wish the Google satellite images were more up to date. It's great that the Google Map satellite has a pin for Havieron (as a petrol station), but it only shows it with an image from the time of when we had only 4 rigs. Would love to see it as it is now with all the activity.
https://www.google.com/maps/place/Havieron/@-21.7222894,122.6487865,1447m/data=!3m1!1e3!4m5!3m4!1s0x2b84c13f91085da3:0x2ce495e275b381cc!8m2!3d-21.7212753!4d122.6555403
MH
Quite ironically I am familiar with Ruffer Investment Company Ltd, in join #381 position with us, because they have a fund focused on gold and precious metal companies, maybe i'll drop them an email! lol
https://www.ruffer.co.uk/en/Funds/Specialist%20Funds/Gold
http://www.stockchallenge.co.uk/ftse.php
MH
Apologies for the typo, thread should be titled: FTSE AIM 100 not the other way round.
MH
i'm sure you'll get it next time JSI ;)
MH
https://twitter.com/GreatlandGold/status/1268458433784582145
Hi all,
Posting for those new to the story as I have periodically done before now. Have a watch of the below videos to gain an understanding of what is in progress here and what is to come. Also follow PaddyGall on Twitter if you don't already for extra analysis and conversation, as well as for comments on the weekly Satellite updates (Thank you as always PG).
March 2019 Farm-In signing https://www.youtube.com/watch?v=agy1J44JPYU
March 2019 Strategy https://www.youtube.com/watch?v=RVQ0R3gHjmY
July 2019 First Newcrest results https://www.youtube.com/watch?v=oXYYGANWXs0
July 2019 Identification of targets at Paterson Range East (PRE) https://www.youtube.com/watch?v=hvKZ4tfXu4E
September 2019 Second Newcrest results https://www.youtube.com/watch?v=yQeAajJOQxc
October 2019 Third Newcrest results https://www.youtube.com/watch?v=tcSOYQQ019k
October 2019 Outlining new targets at Scallywag in Paterson region https://www.youtube.com/watch?v=1tzBQu7U0rE
November 2019 New Targets at nearby Paterson Range East (PRE) https://www.youtube.com/watch?v=Mlr26pyeQLs
December 2019 No video but: “significant geochemical response” at the Goliath target in PRE
https://www.proactiveinvestors.co.uk/companies/news/908834/greatland-gold-unveils-positive-geochemical-survey-results-from-paterson-range-east-908834.html
December 2019 Fourth Newcrest results https://www.youtube.com/watch?v=sM-O0VvTRus&t=5s
January 2020 Fifth Newcrest Results https://www.youtube.com/watch?v=WitcQILs_Ec
March 2020 Sixth Newcrest Results and ‘Some of the best results ever seen’ https://www.youtube.com/watch?v=018d1gFWNTg
April 2020 Seventh Newcrest Results
https://www.proactiveinvestors.co.uk/companies/news/918470/greatland-gold-newcrest-has--big-plans-at-havieron--as-more-impressive-drill-results-are-reported-918470.html
May 2020 Interview with CEO on the potential low capital costs and the fantastic gold grades that make Haverion so exciting
https://www.youtube.com/watch?v=NLBEf9ij-aU
Interim drilling results to look forward to next week most likely! All the best, good luck all.
MH
Just hit 10p over there with a massive buy order. Definitely the right call by AC to hold onto PRIM's holding of GGP.
MH
I'm inclined to agree with you SB. True, GH said we are not miner, but he's also said he'll see shareholders through the route which leads to the best value for them: this remains to be seen and likely depends on the timescale that suits you individually, such a scenario you lay out would take a few more years. But such a company with 25% of the profits from a mine that looks to be as Hav looks and has the funds for further exploration could be a very attractive investment going forward.
Again all good here, let's have some patience, looking forward to the next results.
MH
Stephen Labrum and Janine Labrum - Assuming they are relatives of Rupert Labrum, the major holder - both have reduced their holdings in both cases, but not by much in Steven's case, and hard to see in Janine's case as her holding is now just noted as below 3%
Hi MF11
I don't think we have seen any formal arrangement or agreement in writing yet of the terms of any Toll Processing.
It is exactly those details set out about costs:
lower upfront capital costs (no new processing plant required)
ability to leverage all existing infrastructure at Telfer
reduced time to production and first cash flows
significantly higher net present value (NPV)
that has me excited about the future potential for SP if GGP was to become party to 30/25% of a profit making enterprise of the scale we could see at Telfer because of Havieron based on the comparisons of valuations of ozzie miners in that Mining Maven report.
MH
I keep thinking back to the Mining Maven piece from the end of last year which showed how Ozzie miners tend to be valued at 2-2.5x their NAV, page 9.
When you look at the figures used in the piece and compare them with the high grade zone valuation in the H&P report which deployed $380/oz (4.4 Moz @ 6.7 g/t Au and 130 kt @ 0.6% Cu, for an NPV of
US$1.67bn, with US$540.8m attributable to Greatland.) - then the total we could get to here when you also include the lower (but still well graded) breccia becomes even more interesting and adds to the challenge for GGP's management for choosing the best route for shareholder value - does this mean we should hold onto our 25% for some SERIOUS value? what's 2-2.5x the value of our share of Havieron down the line? It all depends on your priorities and your timelines now imo. Further thoughts welcome.
https://miningmaven.com/media/attachments/2019/11/19/ggp-report-for-web.pdf
MH
Very strong confidence in GH's voice. He's a man with a plan and sounds like he has a very good idea where this is going - it's great when you consider how much and how closely the GGP team has been working with Newcrest and I would also highlight what GH says about the likelihood GGP could secure funding for any share of capital costs required and his eagerness to avoid any dilution of shareholders.
MH
Hi Corradus,
They used the below:
Year 2022E, 2023E, Long Term
Gold (US$/oz) 1,700 1,700 1,700
Copper (US$/t) 6,000 6,000 7,000
90% recovery rate for Gold, 85% for Copper
They used a 5% NPV
Hope this helps with your calcs.
MH
The Right Product, The Right Time, The Right Partner, and the Ability To Deliver - sounding familiar?
MH
A quick Linkedin search shows the analyst featured in the article, Andrei Kroupnik, consults for Juniper Capital Partners. Link below, have a look at what they look at for for investment considerations.
https://www.junipcap.com/new-page
MH
Interesting in that when NUMIS came onboard there was some background provided by Alastair Ford of Proactive and even reasonable speculation around the reason for their onboarding such as raising funds/reaching institutions for any future capital needs of the project, but here this time there seems to be little provided by way of introduction for Hannam.
Roll on the next results, survey findings, and the Growth Programme.
GLA MH