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@13:07 Answer: Per co a/c to be signed off, the accountant needs to sign a co is a "going concern" which means in general, there must be enough fund to cover a 12 month period. That is norm in a/c. As far as oil drilling is concerned, they do not buy rigs etc but they are hired. So in the same way, the equip is hired and the few chaps going out to drill are going to be on outsourced contracts. So, the drilling program is planned ahead with cash flow forecast projections etc which is is the same as any co.

Unless, there is a huge error, there is no need to raise and that was stressed at yesterdays*s Proactive Investor*s Presentation by the CEO.

So, if there is a raising [IF], it will NOT be technically within the program spelt out. It may be to fast track Blackhills test drill, say.

If that is so and one is unhappy at raising, then one cant make further personal decisions.

If a co wants to raise money, brokers will have to ask around if they can place with people on their books who are keen on placings or high net individuals. So far, the usual Twitter sources have said nothing.

Every co especially on AIM has to raise as said. They are basically start-ups and hence why there is IHT relief if held for x years provided they are not dual listed or investment co*s etc.

Hope that helps. No co can ever not raise money in some form if they wish to turn £4.5m say into potentially millions/billion/s depending on how many projects come to fruition especially if they are TIER 1 projects.

@12:46 Answer: Firstly, there are NO permanent drilling staff, Technical Mgr, Geo etc. Callum Baxter is the Geo and all the work is outsourced. The office which Gervaise Heddle showed via a pic on Twitter is a container. Mr Heddle bought a 2nd hand 4 x 4 vehicle for them to get to the outback. If they used a Toyota and with the terrain, they could be at risk. So, drilling appears to be on a shoe string. Co*s like Solgold have 50 plus geo*s at Cascabel. They raised double digit millions. So has SXX. What is the mkt cap of Solgold & SXX now?

Solgold at at a mkt cap of some £377 million @22p region. SXX mkt cap is £1.5 billion @33p. Both are NOT in production. Solgold has just done a MRE in early 2018. SXX has not even done the 2nd huge raising yet. Why is that? The potential of what is in the ground eg NAV/NPV is high so they spend X to get Y.

The BHP*s of this world are the same, only they dont do placings that are visible like AIM co*s but they either get bank loans or sophisticated financing etc.

So, as per the co, the needed work to prove discovery etc is funded. If they do raise, one can sell if not happy.It depends on what work they want to do say on Blackhills. No point sitting on something that has no drills [test] because value cannot be ascertained. During the last mining period, it is common knowledge that some of the majors carried huge debts on their books.

Hope that helps.

@11:51 Answer: All the labs are burdened with loads of assays that need ASAP. So, from experience eg Solgold, they cant release loads of holes at one go. So Solgold releases the UPPER part of the hole first especially if it goes much deeper at depth. Solgold even releases VISUALS of the cores.

GGP, like all other co*s will be trying to get the labs to hurry eg PREM telephoning and telephoning.

However, with Callum Baxter on GGP as Chief Geo, he may already have a good idea. Hence why Rio can tell even with just VISIBLE mineralisation because their experience will give them a good idea. If award winning, the Escondida geo said he can tell with just Hole 1.

Based on? Geo modelling, data, reading and now deep sensing. So, we got FREE deep sensing from NM so positive info.

Answer: @11:46 Drill Results of Hole 1 Haverion have now been released. That has to be also compared with old historic drill holes done by Newcrest [detailed]. As said Hole 1 is on the edge, there is a reasoning for this. One must have fair results without just picking out geo high readings and drilling only at that spot. So, it appears that on the EDGE of that particular anomaly, the readings may be weaker. Just like Rio, they space out the drilling to 200m and then 100m. So drilling is done by industry standard. Hence, why in Australia, the SIPA investors are talking of GGP on 26 June 2018 saying its a "massive" hit. That 1st results was good enough to get the attention of Mining Journal. All the nuanced readers of Mining Journal eg geos, majors will be able to read the 1st hole results. Just as BHP & Newcrest could battle over Solgold at Hole 17 without even a Maiden Resource Statement. Hope that helps. There is no guarantee but the very experienced geo*s will be able to model etc.

Answer: The Haverion drill hole 1 was said to be close to the edge. That is pretty norm in drilling even in the case of oil from recall. With those grades results, the experienced geo*s can roughly tell from modelling what happens next plus checking historic drills. Lots of geo data with Telfer etc. Hope that helps.

Answer: By the way, Solgold was 22.7p with a Mkt Cap of £385.05m today, 27.6.18 [Currently on the London South East forum]. The 52 wk high was 41.5p and low 20p mark. I have seen the high at 46.75p. So at the said high it was £770m. When the FT wrote: BHP & Newcrest battle for Solgold" in early Oct 2016, Solgold only had drilled 17 hole at Alpala with NO Maiden Resource Statement in sight. Only on 3 Jan 2018, did Solgold release the Maiden Resource Statement at 1.08Bt @0.68%Cu. Hope that helps.

about us on Hotcopper, Australia. Mining Journal did an article on GGP*s 1st drill hole result at Haverion. The journalist contacted the CEO of Sipa who has a JV with Rio Tinto. Jarv55 posted the MJ article today on this thread.

I have gone to SIPA Hot Copper, Australia on https://hotcopper.com.au/asx/sri/
See poster "welder" on 26 June 2018 [Top no 4 post] talking about GGP*s Haverion drill. Quote: "How close is SRI to Greatland Gold LON GGP Haverion project in the Paterson WA please because they just had a MASSIVE GOLD HIT on the first of three drill holes back from the lab with MINERALISATION STILL O P E N at the E N D of the first hole thanks."

The subject title of the thread is: "Rio Nearology." Another poster called "Superchicken" answered welder with a map which has been posted on this site before of Rio, Newcrest, Fortesque, Blackhills/Haverion in Paterson Province, W.A.

Comment: My word, the talk is on Rio Nearology-since the post is dated 26 June 2018 NEWS has travelled already to an Australian forum re: Sipa Resources who are talking about us. Australians are pretty nuanced on gold and mining.

on the London South East website [above this page under Share price] at 10:13am, Wed 27 June 2018.

P.S GGP*s mkt cap yesterday, after Haverion drilling results Hole 1 was around the £51m mkt cap. So that is also a point in case vs £378m mkt cap of S. To drive a bigger ship, needs bigger catalysts-maybe find another Alpala or two to get to 3Bt tonnes of copper at a reasonable grade. So people may feel that they are paying for 1.08Bt @0.68% but potential is going to be greater-market psychology and notion of value.

Answer: Solg is a bit different to GGP in several aspects: advancement to production/PFS/BFS etc, needs further catalysts to propel further than the current £378m via say Updated MRE or higher grade cores etc and further drill test targets. On GGP, there are 3-4 big projects, all in Australia and harder to do any anti?. GGP*s strategy is stated on their website. As for Solg, there is uncertainty whether they are going into production themselves or sell out. Also, negativity does not help. Hope that helps. That is only my perspective-others may disagree but certainly the analysts all point to catalysts as drivers to share price.

P.S. Haverion HISTORIC drill holes were done by NEWCREST. In those days, they were looking for easy low hanging fruit. Where copper or gold, the days of the "potato" gold is gone and the industry is now cognisant GRADES for gold and copper are falling and big, huge projects are not many.

If anyone is interested, one reference article: "THE MARKET IS STARVED OF DISCOVERIES" by Sprott Thoughts, 16.10.17 Rick Rule is the head honcho of Sprotts. Google this title to read.

@8:58am, Tues, 27 June 2018 @LookingatgoatS : Going down further 300m re: Haverion [per Proactive Investors Gervaise Heddle/C.Baxter Video Interview] which makes it about 900m a/c to one poster on this site.
There may be further to go. If they reach 900m END OF HOLE, say, and they find it ends in mineralisation at X grade, they run further technicals on it and they may find it goes deeper.

Comment:
Majors are looking for LARGE scale tonnage. From the horse*s mouth, Rio: "However, the MAJORITY of VALUE of Oyu Tolgoi UP TO 80% LIES DEEP UNDERGROUND. To access this part resource underground mining tech will be used at depths of MORE THAN 1,300metres." Link: https://www.riotinto.com/copperanddiamonds/oyu-tolgoi-4025.aspx

Whilst Oyu Tolgoi is a copper project, nevertheless, the principle is the same. Hence why Gervaise Heddle in the above video interview talked about UNDERGROUND. In another article, he also mentioned about KALGOORIE SUPER PIT in Australia. Australian*s are familar with these huge projects.

-Mining Journal Select Conference, London 26 June 2018. ~Link:https://twitter.com/Bluebear103/status/1011845533244239872
Quote: "Copper projects at GRADES of 0.4% copper coming into PLAY. Current slate of COPPER PROJECTS SEEING G R A D E S FALL."

Comment: The above was attended in the main by INSTITUTIONS and the quote is by institutions. Also talks of supply ... etc. Click the link to read the full article.

Someone on Adv last night mentioned that other than HAVERION/BLACKHILLS, ERNEST GILES & CARNEGIE, PANORAMA was mentioned. If that is so, then potentially, 4 runners. Anyone can confirm? Ref: 1-1 Proactive Investors Presentation by CEO/Geo at Chesterfield Hotel, Mayfair, London yesterday, 26 June 2018.

P.S. Sorry, link to check www.hl.co.uk/shares

this morning on HL*s Buy/Sell Ratio overtaking Lloyds which was No1 yesterday and GGP No 2. Since the article from Mkt Report-This is Money came out [x2] + Times, GGP appeared as No 7, 5, 4, 2. HL is Britain*s largest broker with 1 million customers and £86b under management. Wed, 27 June 2018

The head of the GGP thread on Adv has posted the MJ article on GGP. His name is "pr0t0n" dated 26.6.18 @17:13.

outside Chesterfield Hotel, Mayfair, London relating to the Proactive Investors Presentation tonight, Tues, 26 June 2018. https://twitter.com/share_talk?lang=en
Tweet: "Nice to catch up with the guys, great progress being made."- Share Talk.
Pic shows Gervaise Heddle, CEO and Callum Baxter, Geo-GGP
My comment: Both looked so invigorated from the pic.

GRADES. Link: www.miningweekly.com/article/telfer-mine-australia-2016-05-13 [13.5.16]
Telfer consists of the Main Dome, West Dome and UNDERGROUND.

Reserves [Proven & Probable] - Telfer>Newcrest, Paterson Province, West Australia.
Main Dome [OP] 62m dry tonnes GRADING 0.74g/t gold & 56m dt 0.095% copper.
West Dome [OP] 179m dt GRADING 0.65g/g gold & 0.057% copper.
Telfer UNDERGROUND 110mt dt GRADING 1.5g/t gold & 0.31% copper.

O*CALLAGHANS- Another famous mine from recall a bit South West of Telfer [please check]
78m dry tonnes GRADING 0.29% Copper.

************************************************************************************************************
VS
Greatland Gold [AIM;GGP] RNS 25 June 2018 1st Hole: HAVERION [East of Telfer]
"120m GOLD at 2.93g/t that is a serious mineralised system."

P.S. From the Stuffed to the Gunnel re: Rio they got excited over visible mineralisation from 40m to 180m, so that is about 140m of mineralisation [180-40m]. - PJ*s tweet on 24 Jun 2018 [Holder]

From today*s Proactive Investors CEO & Geo interview [Video], Gervaise Heddle said that there may be 300m more from where they stopped. As someone said on this site, that will be around the 900m mark depth wise. Gervaise Heddle mentioned that they are also looking at UNDERGROUND. From the said GGP RNS, that*s just the upper part before they go further. Is there any wonder why Callum Baxter, GGP Geo said that in a 40 yr career, hard to find such stuff [para phrased].

So, what will the grades be as they go lower?

On Twitter, one lady tweeted the Mining Journal coverage but again subscription so could only read the header.
In the case of Solgold, they also came to the attention of the Mining Journal. The Mining Journal will be read by geo*s and majors no doubt [depends on their status].

In time, I am sure majors will want to come over to GGP*s Haverion to take a tour. In the case of Solgold, majors have been to Cascabel per articles. At the last count, 12 majors were after Solgold, the last being VALE [posted many times on their forum so widely known].

DYOR. Of course, nothing is exactly the same but as an example, good historical reference material. Please check.
Tues, 26 June 2018.

P.S. For completeness, Solgold received an "Investment Proposal" from BHP on 10 Oct 2018 [RNS]. Only 1 RNS just before this date relating to the Alpala drilling progress that I can find, namely 20 July 2016 RNS: Cascabel Update wherein they were at HOLE 17 [Alpala, 1st target, Ecuador].

The Financial Times covered this via: "BHP & NEWCREST BATTLE FOR SOLGOLD."-FT, 10 Oct 2016.

Comment: At Hole 17 it was not even at the basic Maiden Resource Statement yet. That came on 3 Jan 2018 MRE for Alpala at 1.08Bt @0,68% Cu. So that gives an idea of the holes.