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In my HL account, Churchill Mining Plc was at 1.8p for ages and ages. Then, it went to 2p, 2.2, 2.4 and today 2.6p.
At HL, there is no online auto trade.

So, with the CHL NEX RNS stating that a decision is due, there is sp life?

Ho Ho, my 520 shares as a Xmas punt may yet provide a treat at McDonalds.

Super Majors are usually only interested in DISTRICT SCALE - I will try to find the link later but this is generally known especially of BHP and from this history of M & A.

We have to wait and see if the City is interested in stand alone open-pit or again, in the next big field nearby which is pointing to promise closer to Telfer ie feed come from Telfer [theory or hypothesis].

All will be revealed shortly via RNS?

For the historical record:

All the hay about no oil, fractures not enough etc, Horse Hill faded after the excellent CNN Video.

However, thanks to the eyes at Horse Hill [described as investors] and the regular of oil being shipped to BP terminal, it finally sunk in at the BBC that the oil from Horse Hill was fetching money etc.

So, thank goodness that they then went full blast on many of their channels to telly cast a short clip and interview Steve Sanderson, CEO of UKOG plc.

Our special thanks to our Founder of UKOG plc - credit is due to him and Tidswell.

Thur 7 Feb 2019 [Ref: BBC - UKOG plc telly cast of 6 Feb 2019]
At least, the ordinary Britisher is buying UKOG plc at a reasonable price at this juncture of around 1.30-1.35p [High 11p].

Ho Ho. Tried to buy, HL: No live quote.

Just tested dummy live price at Buy 50,000 and Sell. Sell is higher than buy at HL at 8:29am, Thur 7 Feb 2019. Is stock drying up?

Basicali
I had better record for the future @ bulleye notation.
The Solgold drilling shows it [history now] and hence why there may be further world class intersections to come [theory]?

Thank goodness in mining they do not start at the edges as they do with oil in the cases I have seen. Hence, investors get spooked in oil field outer perimeters as a start-up.

Hole 6-9 - Open on 3 sides and extends on the other as per the post from Twitter. Hopefully, more to come

Lastly, I may be summising here but from the secular: if one does not get near enough to the model, then it is not encumbent to review the work. Perhaps, that is the City code? However, if one is within Britiain*s Rich List eg Stephen Beetham in the Sunday Times 220 from recall, then one can become a client and hence the figures may be made known etc. Just a passing comment. I remembered seeing Beetham*s name sometime ago in the said Rich List as Stephen Beetham and family and his wealth did not only consist of property but other personal wealth as well? Not editing. Rushing for a drink. Need to change my glasses as well.

Basicali @00:22 & 00:08 6 Feb 2019 [Thur, 7 Feb 2019]

Thank you. Yes, I am cognisant that the £500m is the extrapolation of the drilling needed to prove the system at Havieron.

At the figures of 400m depth, 2g/t grade = Mkt Cap circ £150m with a note on 160m radius @00:08 - Thank you, I was also cognisant that in calculations, one has to take the more conservative base grade. I personally had it pencilled in at £100m prior to the Hole 6-9 results [before the credits].

Thank you for pointing out that the definition of the system must be proved and that the EDGES must be reached to show the END of the resource deposit, hence it may provide nothing or low grades which shows it peters out etc.

FINANCE:
As an aside, I have already posted the last figures for finance was £6m = A$10m. Another co is drilling near Ernest Giles currently and it will only take up 20% of their finance allocation. They want to drill some 3 prospects ?
Also, the drillers may take part shares again or there could be further corporate action on this?

Thank you Bascali for reviewing my work.

DYOR. IMHO.

Our special thanks goes to Basicali who has been so very helpful and unselfish to refine the figures and provide a review. The Sprotts report - even at the FCA, the first thing they want to know via a telephone call is what does the broker report say. Broker report means written by a licenced & qualified person and not fag pkt figures.

Just so that everyone knows.

Basicali @23:42

Re-quote your post: £500m =15.5p for Havieron alone [based on the Sprott report and update for the news results [6-9]
Scallwag-"monster" per Physio. Yes, the sampling suggests/initial indications.
Blackhills-"highly prospective."
"20 anomalies."

Comment:
As I had said last night = "DISTRICT SCALE" caveated by potential.

Also, assiebattler said it can be TRUCKED to Telfer ie Havieron [GGP] ore to Telfer. That will save tremendous cost without have a mill on Havieron etc.

Wed, 6 Feb 2019

Basicali @23:19 & 24, Wed 5 Feb 2019

So, from your refined figures from the actual results of GGP today [Hole 6-9 latest], the City already knows the figures, hence, why Doc said City sources said the figures were done by "proper" people ie qualified and hold an FCA licence to work the figures namely Sprotts. By City, it may be the mining analysts etc including Liberum*s Knight, Dr Long etc.

So, at £500m per your figures ascetained from the Sprott extrapolation and inferred via the actual to-date Hole6-9 results for Havieron, the City appears to already know that this may be Solgold Mark II? Solgold is at £660m mkt cap at 36p?

So, at 1p the market cap would be £25m mark [desired by some or 1.5p =£37m mark.

Today, the sp of GGP was 1.8p = £57m mark.

So, at £500m [BEFORE we go to depths like Solgold type of scenario], we are already talking of a major mkt cap.
Solgold at £660m mark at 36p - MRE 2Bt tonnes at some 0.6% Cu.
If we go to depth, then we are talking some double the figures for GGP from the Sprott extrapolation.

Recommend with thanks.

Even more stunning to come is the NEXT DRILL AND HOW DEEP it will go. Sprotts only did until 1,000m. The old figure which Tom Tom.. did goes to 1,400m which is the OLD figure.

Today, Gervaise Heddle, CEO of GGP told Miningnews.net that he believes that mineralisation goes to DEPTH.
Since GGP are doing the wireline, they might already know the result/s??

So, from the Sprott figures from their report, one can work it out even if it goes to some 2,500m by taking 1,000 + 1,000m + 500m to give the new AU EQUIVALENT FIGURE & by extension ,the extrapolation of THE GGP MKT.

Simple visualisation from the Sprott figures will say or suggest that the mkt cap of GGP will be in pretty high figures which is commonly known.

Just checked my post from Mining.com - 367.1m @2.1g/t EQUIVALENT * 89m at 3.6g/t EQUIVALENT.

The Mining.com article posted today on this forum [see my feed], it takes in the urcopper and cobalt and produces the AU EQUIVALENT which has brought the grades up ie further. However, from the RNS, I think the equivalent was not given then. So, one can see the grades for Hole 6-9 more clearly given it is AU EQUIVALENT.

Sprotts gives Au Equivalent, so one can use the above figures to slide down their table accordingly.

Please check. DYOR.

So, Stephen Beetham [6.2% holder of GGP prior to today*s info he bought more] 10p will be just near the £255m market cap mark, which is only = 800m extent at 2gt equivalent [lowest of the grade definition].

To simplify from the workings of Sprotts who must have a full licence to do the cals [not back of envelope type]
s
GGP*s market cap should be at 800m extent [where Havieron has got to] at 3gt [Au equivalent] , the market cap should or could be £ 310.3 million. If it is 2gt equivalent, then, at 800m, market cap of GGP should or could be £232.7 million.

For between 3-4gt, one can see the next figure.

However, at 1.8p, the market cap is £58.11m today, Wed 6 Feb 2019
Did someone not mention that the share price had gone toooooooooo far?
At £58m, after the Hole 6-9 assay results?
Well, Sprotts is the licenced holder for cals?

Please ask and check as I am not the originator of the tweet and as I said I did not have the full Sprott report.

What everyone wanted to know - On Twitter, they got the snapshot of the above:

"GGP Market CAP implication from Sprott report for HAVIERON alone. Assuming 80m radius [I*d say DOUBLE] and £50/oz gold in ground value."

"MARKET CAP EXTRAPOLATION FROM SPROTT REPORT"-
Au/Eq 2gt 3gt 4gt 5gt
"Depth extent 400m £77.55m £116.35m £155.150m £193.950m
600m £116m £174.5m £232.7m £290.9m
800m £155m £232.7m £310.3m £378.8m
1,000m £193.9m £290.9m £387.7m £484.8m

Comment:
The reason why the tweeter said "DOUBLE" is because the Sprott report [note] was done just before the Hole 6-9 assay results for Havieron with an assumption of 80m radius. Hole 9 went to 350m. If not sure, please ask TAKEAIM100.

Link: https://twitter.com/TakeAIM100/status/1091083143937970179 [Extract from 31 Jan 2019]

Another poster on Twitter retweet the above: "So Pi*s can work out GGP*s potential at Havieron AFTER THE 2RNS."

Note: GGP at 1.80 [1.85 and 1.86p bid/offer] on Wed, 6 Feb 2019 has a market cap of £58.11 million. No wonder why Doc said that from his City sources that GGP may be worth more when he posted [GGP was well over 2p+ from recall] as proper people had worked it out. Aaaah.

Please check. DYOR. Note that this is 3rd party info.

No news for some time - Ho Ho Ho.

How could Gervaise Heddle, CEO of GGP told Miningnews.net [Subscription based] that "mineralisation CONTINUES at depth" UNLESS he has the wireline results which is definitive rather than subjective? This article is dated today.

If it continues at depth, is it 1,400m as was the old news or more?

More Ho Ho Ho if it goes FURTHER like Solgold*s. Whoa, think of the nice metres more or rather loads more?

Just thinking aloud.

Click the Companies House link that StillWaiting provided. Click the icon Filing.
What*s with the Deferred Shares of some £4.6m which will not qualify for dividend? Who owns these?

All that I can read for free is that Gervaise believes that mineralisation CONTINUES AT DEPTH.