Member Info for news

Results."- Miningnews.net 6 Feb 2019
https://www.miningnews/discovery/news/1355795/greatland-drops-despite-excellent-results

Comment:
By now, it much be occuring to the mining people at top publications that something must be wrong as to how excellent results could have such an outcome?

By the way, GGP is doing wireline and they may have to give us an idea how far they are going down to at the next drill and how many drills etc. It is not norm that one morning we are told that drilling has started. Also, the provisional drills during the year - rather nice to know why and where these are going to.

Another co is currently drilling near Ernest Giles and they said that GGP tested EG successfully. The drill on more than 2 places from recall will only take up 20% of their fund allocation so drilling is not so very, very high after all.

If anyone can get the detailed article, can you kindly post for us. Thanks.

Tiler59

I have posted a summary of my view on GGP which is very conservative ie the test drill will prove the discovery ie Scallwag, Blackhills etc.

Meanwhile, the results for Hole 6-9 is plain for all to see from what I have just posted from Twitter. Can*t argue as it is fact.

I tend to try to only go for Tier 1 potential project or really defined as "World Class"and I am not interested in small or mid-sized discoveries.

I try to learn everything about the project, people running it etc. Most of all, my safety is to know the industry news. I have just posted on Kamoa. Goldman Sachs gives severe supply crunch in 2020 and so does KPMG say so too [to check put this info into the search engine].

Why so? From all the industry news, discoveries are not many ie Tier 1 etc, grades are falling and who would have believed that Anglo is having a copper project with 0.5% grade?

Same for gold, hence why majors like Newmont have done the merger to save costs etc.

So, it was asked where are the next big 10 mines coming from next? If one looks up the current 10 biggest mines, one NEVER see that it is surface, open pit with a few metres. The really BIG majors go for big TONNAGE and size of the licence. Hence, why Rio said that for Oyu Tolgoi, the value is in the undedground 80% which is not difficult to see why. One can check Rio*s site as its on their website.

As I have said last night, I cannot forecast grades, depths for Havieron, Scallywag, Blackhills and the 20 other anomalies + Paterson East which are all within the licence area.

When I was in Solgold, the co said that Junin next door*s apex fed INTO Solgold*s Cascabel. Junin was nearly a 1b tonnage deposit with average grades of copper from recall.

So, does Paterson East feed into Havieron or Havieron feed into Paterson East or Scallywag ETC[bigger than Havieron and mainly copper?].

Suffice to say, Sprott*s note suggests that GGP*s Havieron follows Telfer geology. If so, as posted prior to Hole 5, then all to play for.

For me, I am not interested in a 10 MOZ deposit as per Sprott note for Havieron [please check as I only read the summary].

I am interested in 30-40moz. Hence, why I say it may take years to play out.

So, it is just the entry price that will be the criteria for me. I dont over-expose as I am experienced enough to know the share price falls seen in GGP have been done to other co*s share price. So, if ever it goes to 1.5p or 1p as some wish for, let me say that every man & his dog will jump to try to buy. But what sort of disaster will cause the sp to go from 2.45-8p to 1p? Shares dont fall that drastically on no reason ie Efficient Mkt Theory given the strong results thus far and article from Mining Journal. CAUTION: Always expect the unexpected eg Solgold - Ha Ha-what a shock for those who said it was going bust when Maxit paid 6p when the price was pushed to 1p with the fake news [history now]. Posted why it was never on for going bust las

Onshore UK Oil.

What a day with the BBC reporting on Heorse Hill, Gatwick with video and interview with Steve Sanderson, CEO.
Could we have even imagined a day like this?

Re-cap:
1) There*s no oil at Horse Hill, maybe a small p cup.
2) Professor said the fractures are not sufficient etc.
3) Back-lash for DL, Founder who financed the original drill when approached whilst others refused to finance it.
4) Months if not years of constant doom, gloom.

The sky has opened and clouds have blown away with BBC saying Horse Hill will produce 500 tonnes of oil per day [sweet light crude or better than Brent?] and will produce for the NEXT 20 YEARS!

So, historic for all those who wanted British oil. There is justice after all.

Wed, 6 Feb 2019

Just checked the official London Stock Exchange for GGP: 1.8p Bid and Offer 1.85 & 1.86.
Wed, 6 Feb 2019. Let*s see tomorrow.

"Basic visualisation of results for the....RNS announcing this drill campaign stated the AIM was to TEST the EXTENT and DIRECTION of the High Grade ZONE of gold and copper mineralisation. MISSION ACCOMPLISHED." - 2hrs ago, 6.2.19. https://twitter.com/mattbidds/status/1093092488812863490 [See the griding chart and grades]

ollyb06: Re-quoted the above: "...many pi*s are MISSING here from the r e s u lts - OPEN ON 3 SIDES and EXTENDED on the OTHER and mineralisation to the END of most holes, so DEEPER as well. What not to like?- 3hrs ago.
https;//twitter.com/ollyb06/status/1093151956925849600

For the historical records for Hole 6-9 assay resuts, Havieron released on Tue, 5 Feb 2019

"Friedland confident Congo copper mine will be world*s 2nd largest."- Mining.com, 2 hrs ago, Wed 6 Feb 2019.

Quote: "For Paul Gait, Analyst at Sanford C. Bernstein, the drill hole at.. Kamoa North were nothing short of extraordinary. In a note released to investors, the figures show HIGHER COPPER GRADES t h a n the 0.5 to 0.6% detected at Anglo American*s Quellavecco project in Peru OR Teck Resources QB2 project in Chile."

Comment:
This is industry news as was the Encounter results. So, one can see that even for majors like Anglo, the grade is 0.5% Cu copper wherelse it is norm to want 1%Cu for a Tier 1 project which is the standard that majors usually want.
One can also see the grades for gold or change gold to copper equivalent.

It appears that in a Western jurisdiction like Western Australia, Havieron [GGP] near Telfer sits in a comfortable position given the grade and length of intersection.

Good place to be in eh???

Please check.

"Greatland Gold raises £2.65m to accelerate Havieron and..."- Proactive Investors, 27 July 2018

Quote:
"GGP has raised £2.65m of new strategic..Greatland will increase its CASH BALANCE TO O V E R £6 million [A$10 million].

Comment:
The above is the latest figures as known. From the Encounter [ASX] link I gave, they drilled several holes and raised some A$2.39m from recall.

So, with A$10m which is even more well capitalised than Antipa [ASX] who also drilled recently, surely, the money cant have ALL gone so quickly given the average spend does NOT go into A$10m at one go? Besides, both Encounter and Antipa*s drillers did not do a part share deal as in GGP*s case.

So, who is to say there is not going to be another part share deal with the driller?

Also, no one has said that they have received calls for a placing?

Please check. DYOR.

Aussiebattler on CEO.CA. GGP talked about TRUCKING from Havieron to Telfer which is down the road. CEO.CA GGP is down due to either servicing of overload per the site.

Now that an Aussie in mining is with us, can we now more? Thanks.

"Stock down -2.13% over the last month: Greatland Gold [GGP.L]"-Martin Business Telegraph, 15 mins ago at 10.26am, Wed 6 Feb 2018. [Put this title into the search engine to read]

"GGP*s William%R presently stands at -89.87. William%R oscillates from -80 to -100 would indicate AN OVERSOLD SITUATION."

"14 day ADX is 42.15. An ADX OVER 25 would suggest a STRONG TREND."

"14 day RSI 39.12, 7 day 28.21 and 3 day 15.88. A reading of under 30 is oversold or undervalued."

Please check.

GGP Swingbot: 20DMA BULLISH & Long term: UP.
https://lse.swingbot.com/equities/GGP:LSE

GGP Barchart
Trend Spotter BUY
20-50 Day Oscillator Buy
Bollinger Bands Hold
Medium Term Indicators Buy
https://www.barchart.com/stocks/quotes/GGP.LS/opinion

Just checking the charts.
6 Feb 2019 [Wed]

The advertised price: 1.77p to Sell and 1.8p to Buy at HL [not live price so can quote].
However, check, live price and it shows it is not 1.77p but very much higher at Normal Mkt Size to Sell. However, NO live quote at all to BUY.

Wed, 6 Feb 2019 @15:22
This is the norm so please check the live price.

Quote: "Heddle said the gold and copper assays had revealed a NEW PEAK of copper grade ..of 12.4%." - Mining Journal as above.

P.S So, Greatland Gold at Havieron, Paterson, Western Australia appears to be the NO 1 OF THE CHASING PACK at Paterson with the Hole 1-5 and 6-9 assay results [latter 367.1@2g/t equiv and 89m at 3.66g/t equiv.

So far, Rio at Paterson has shown 180m but no further updates which they think were 1% copper from recall? Please check. That was said to be world class?

DYOR.

"Encounter finds gold ANOMALISM in drilling near TELFER mine."- Proactive Investors, 12 Sep 2018
[To read put this title into the search engine - 2 page pdf]

Quote:
"The IP anomaly lies beneath a DRILL HOLE that intersected 39metres at 1/gt gold from 333metres and 0.6g/t from 396m."

"This intersection assayed 3metres at 39g/t gold from 9metres. ["Near surface gold in a similar geological SETTING similar to that of the HIGH GRADE REEFS AT TELFER."

"Several drill holes contained GOLD ANOMALISM in the R A N G E of *****0.1 - 0.5g/t gold****."

Comment:
Encounter on ASX also DRILLED CLOSE TO TELFER, just like GGP at Havieron [close to Telfer mine] so one has to look at the benchmarks at Paterson, W.Australia ie near Telfer to see their grades and DEPTHS.

So, from the above, it does show that NO ONE YET as far as I have seen of latter day drilling has encounted the 367.1m at 2g/t GOLD EQUIVALENT or 89m at 3.6g/t GOLD EQUIVALENT NOR COBALT, a battery metal.

As seen from Encounter, they even had several drill holes come up with 0.1-0.5g/t gold so that IS THE GEOLOGY. Thank goodness GGP did not get 0.1 or <0.5g/t gold.

Moral of the story?

Maybe, investors wished for superb which mother nature does not provide exactly in the way or hole setting that one wishes for.

So, comparitive does show GGP appears to have had "pleasing results" per Mining Journal link title.

Antipa drilled further up the STRUCTURAL CORRIDOR near Rio*s licence and that we have already seen and not deemed economic. If anyone wants to post that again, they can do so but Antipa is much, much further than Encounter or GGP from the actual TELFER Mine itself ie NEAROLOGY play as is NORM.

DYOR. IMHO
6 Feb 2019 [Wed]

"Greatland keen to get drills turning again."- Mining Journal, 11 hrs ago, Wed 6 Feb 2019. 0

Quote:
"367.1m at 1.15g/t gold, 0.445 copper & 176ppm cobalt OR
***************367.1 at 2g/t GOLD EQUIVALENT********************"

"At another hole, a STANDOUT intersection was 89m at .97g/t, 0.8% COPPER, 362ppm Cobalt OR
****************89m at 3.6g/t GOLD EQUIVALENT."

"We are also v e r y excited to see SIGNIFICANT W I D T H S of E l e v a t e d Cobalt [In Excess of 500ppm] in 3 of the reported drill holes, he said."

"He said that drilling at Havieron was expected to restart in MARCH with 2 RIGS BOOKED and PROVISION for ADDITIONAL CAPACITY if required, DURING THE YEAR."

Link: https://www.mining-journal.com/discovery/news/1355789/greatland-falls-over-10-despite-pleasing-drill results
[Greatland falls over 10 DESPITE PLEASING DRILL RESULTS.

My Comment:
I am busy searching for myself the reaction & this is the 1st so far that I have seen. Remember an article about Newmont and they are looking for 2g/t in relation to GGP some time ago? Well, grades have fallen and 1g/t makes the norm so Newmont wants higher than the norm. Even 0.5g/t is now acceptable?

On Twitter, someone asked what is now the new modelling for Havieron now that we have Holes 1-9? Does Sprotts still go with >10MOZ per their highlight note [posted yesterday so please check] given they did up to Hole 5 for their modelling. I did not read the full report but the short highlight. So, please fill us in if anyone knows or can ask Sprotts etc.

DYOR.IMHO
Since no one posted this here and on Twitter, I thought I would do so for everyone.

Hole 9 [GGP*s Havieron - 350m from the discovery hole] was the result that was of significance as it would show CONTINUITY. That was what the CEO of PRIM said ie needs to see continuity of the resource. As per Steve Torodruk of Sprotts, it needs average grade but the overall resource size is what will matter.

Even for Solgold*s Cascabel, a world class project, it is Hole 5, 9, 12, 15R, 18, 19 & 21 delivered world class.... Link: www.solgold.com.au/ecuador/ Solgold has drilled some 70+ holes.

In the Solgold RNS of 20 Nov 2018, the Alpala MRE doubled since Dec 2017 at headline 2.05 Billion tonnes at 0.6% Cu Eq ie copper equivalent [at 0.2% CUT OFF] in the Inferred Category.

Just to illustrate an example only.

Then look at the Hole 9 results for Havieron. So the results of Hole 9 and the other 3 holes may not have been well understood?

chartbuster @18:32, Tues, 5 Feb 2019

Quote: "they have drilled 9 holes and its OPEN in ALL directions & the mkt has not decided what it is worth.."
Recommend.

Comment:
The Australian broker did a GGP note after the visit to the warehouse in Perth. They said that the resource is OPEN ON STRIKE AND AT DEPTH.

Hence, the expert commenting on the BHP Oak Dam discovery said that 400m is the distance needed. In GGP8s case, Hole 9 is 350m from the base hole at Havieron. I have to check the East comment later.

P.S.

From the GGP website at www.greatlandgold.com.au [see Paterson], one can see that Havieron is the deeper part of the licence? The shallow part is Scallywag with copper ? Then, there is Blackhills with nuggets with a more surface expression? All part of the GGP Havieron licence area including Paterson North.

So, not surprised that Gervaise Heddle said the story is just beginning.

As with Telfer, there is the underground section and the more surface expression.

Please check. DYOR.

"Types of copper deposits in the world."- Copper Investing news, 19.11.18

Quote:
"Escondida, mentioned above has a resource that is covered by A LARGE AMOUNT OF OVERBURDEN, but the deposit is still economic due to the LARGE S I Z E of the resource beneath."

"A HIGH GRADE at a LOW DEPTH can have far less value than a mediocre grade consistent through a DEEP core."

"A WORLD CLASS copper deposit holds a copper resource FAR exceed the COST of mining & refining."

To read, kindly put the title into the search engine. Escondida is the world*s largest mine. The above is the principle behind large deposits.

By the way, GGP has only drilled to the 800m mark and the prognosis is 1,400m that can be as certained currently.
In the GGP AGM in London, an Austalian mining expert shouted that it can go to the 3,000m mark from recall. I was not at the AGM but someone who did go posted this. Gervaise Heddle said at the AGM that there were Australian mining experts at the meeting.

"GGP*s stunning gold copper intercept at Havieron is the kind that deals are made on."-Proactive Investors, 22.11.18
Quote: "For major companies like that, depths of 400m plus arent necessarily off-putting at all. Rather 275m of highly mineralised ore represents an advertisement in the shop window.." [Ref. To read and check, enter the title into the search engine].

From the Sprott report on GGP:
"What is apparent is that there is multi- million ounce potential. Similarly, an 80m radius cylinder clearly over-simplifies the geometry, yet at the same time could grossly under-estimate the l a t e r al extent of the ore as well, for potential >10MOZ size. Our view: Havieron*s conspicuous likeness to the 27moz TELFER deposit is a MAJOR geological endorsement and suggests the project has WORLD CLASS POTENTIAL."

P.S. Shakeyerbooty 22 Jan 2019 [quote from the Sprott note on GGP]

If someone has the FULL link of the full note, please post if able.