Member Info for OilMonkey

Thanks Grizzle.

So we now have 2 brokers sat at 30 and 33p respectively. Current SP 21-22p, 50% conservatively on currently known drilling.

65Km planned at Hav plus Juri and our own campaigns to come.

Joey,

I'd assume this is why NCM have used the very conservative figure of $1400/Oz in their calculations surrounding the MRE.

It means these current gold price fluctuations have no impact on the economics of the mine. If they had used $2000/Oz in the calculations that would be a different story.

Either way, even at current gold prices there is upside to the calculations used. If gold breaks out as is being suggested then there will be huge upside to the calculations used.

And theres my typo. 4.1% would be 41000ppm.

Cheers Bamps.

Not sure if a typo, 4100ppm is 0.41%

Still relative to the 6000ppm in Congo it fairs well. 0.41 would be a whopping 41000ppm

Sojourner. Definitely no mention of it in the MRE.

Bamps,

Do you know if Telfer is set up to extract Cobalt in addition to Cu and Au?

If not is it a major modifiation to the process? Obviously only if economocally viable, but as shown above GGP has previously stated its worth noting in their Au equivalent calculation.

HI Shank,

We are expecting an interim exploration update on +/- the 10th March. If you look at the NCM investor centre web page it isn't a date that is penned in like the quarterly updates, however throughout last 2020 there were regular interim updates between the quarterlies and March 10th, there or thereabouts ties in with when they will be released.

Tom. I bought in January 2019 initially. The SP remained flat and infact down on my inital 2.2p for 12 months. 12 months of great results and the market took 0 notice.

This is nothing.

I personally think nuclear has a place in the future of the world energy supply alongside the likes of wind, solar and hydrogen.

Your call on investment Laser - for all its worth (which is nothing as im no expert - i can merely regurgitate my own research) my own opinion is that there are still multiples to be made here. Obviously not the same kind as when the MCap was £50M but then the risk as decreased exponentially since the market cap was valued at that.

The biggest asset to any investor in GGP at this point is patience. If you are happy to wait for a good return i would say invest, if you want to be in and out in 1 month, 3 months, 6 months? You're likely to get better returns (with much higher risk) elsewhere.

Anyone looking for an investment case from reading comments on LSE should do their own research.

Making the decision to invest based on any comments here, either positive or negative isn't the best idea. The best you can do is read the official releases, watch interviews from GH, SD, Sandeep and other industry experts, look at some of the great research by the likes of PaddyGall on twitter.

Make your own mind up on where this is going - don't be influenced too much by overly positive or overly negative posts here.

Laserbrain - Is future drilling priced in?

IMO no. NCM going full tilt with 65,000m drilling at Havieron currently, the results of which are absolutely not priced in.

Im not sure why you are under the impression that Havieron is low grade.

Listen to comments from the Newcrest CEO Sandeep Biswas - he talks about Havieron showing excellent gold grades for the Paterson. I can't remember his comments word for word but they are along the lines of wow, the grades at Havieron are exceptional for the region.

You have to take everything in context. If we were out prospecting in Nevada with a tin pop mom and pop operation then the grades wouldnt be good, but that sort of operation doesnt have the capacity to put millions of tonnes of pay dirt through a mill. They are after small high grade deposits.

Havieron is a Tier 1 deposit, of which none have been discovered worldwide in recent years.

To answer your question of what makes GGP so great:

Havieron has a 4.2 MoZ Au equivalent MRE - which will grow and is racing towards commercial production.

Juri JV is commencing imminently

Further exploration on 100% owned licenses Scallywag and Rudall are recommencing shortly (plans to be announced)

Application in for a new exploration tenement

Fully funded through to PFS for Havieron with the Loan Agreement with NCM.

Fully funded for 2021 100% owned license exploration campaigns

Expected revenue from Havieron within 3 years (although many see this being earlier)

Rising commodity prices - especially Copper.

Do you want any more?

Not sure where your "calcs" came from but this is an official JORC release calculation from the MRE:

High Grade Zone: 3.8 g/t Au, 0.61% Cu
Breccia Zone: 1.1 g/t Au, 0.15% Cu

Also know that this is merely the beginning of the resource and will be expanded upon with the ongoing infill and growth drilling operation of 65,000m drilling being carried out over the next 6 months.

You'd better get on the phone to Sandeep and tell him to stop the drills turning.

Thanks Learner. That will be a monumentous moment, physically reaching the orebody.

Definitely.

Then we can get to the bottom of this open at depth ore body. Very interesting times ahead for Havieron alone let alone adding in Juri and Scallywag/ Rudall activities.

Im hoping to see an RNS to say the decline is commencing, i think that will take a lot longer to complete than the box cut, perhaps Bamps might know a rough timeline?