Member Info for PaddyGall

I've started to notice a bit of chatter on Twitter and CEO.CA in the last while so I think the news is getting out there.

I think some of the peeps covering the pilbara conglomerate story are pricking their ears up at this news even though GH is saying it's not the same style of nuggets.

I know Sprott & CDF fund are heavily into the pilbara so I'm sure it will soon be around the usual suspects.

GLA Paddy

Nice tweet from Primorus - their investment could prove to be very timely & wouldn't be surprised if they were adding.....

https://twitter.com/priminvestments/status/1148156587829342208

Terrific news from @GreatlandGold
today....the Panorama Project shaping up
beautifully

GLA - Paddy

Nothing really in the interview that wasn't already in the RNS - I thought we might get an update on the other projects but I think the interviewer must have been told they were off the menu.

What's next then

Firetower
Black Hills
Paterson Range East
Havieron

All ongoing and news from all due - could be a busy week - Paddy

Just going to listen - here's the link

https://www.brrmedia.co.uk/broadcasts/5d230ab9da68dd4b10ae7778/greatland-gold-plc-update-on-exploration-campaign-at-panorama-project

GLA - Paddy

Good post from abrahe00 over on ADVFN

"Field reconnaissance at Panorama locates numerous gold nuggets in multiple locations and confirms the presence of mineralisation over several kilometres of strike"

I think the "multiple locations" is a significant point that hasn't been emphasised in this RNS and is being missed by people.

Conglomerate gold tends to be located in pockets and people have been finding the odd gold nugget in Australia for decades. The fact that our licence is showing these pockets of conglomerate gold all over the Panorama licence area is very significant in my opinion. AIMHO... DYOR...

On another topic, I've been keeping an eye on the ARV thread on Hotcopper over the last couple of weeks. It seems they are in dire financial straits and may be looking to offload some of their assets.

I'm sure GH would love to get his hands on the license they have got that is just to the north of Havieron.

I wonder what sort of money they would be looking at?

Paddy

100% agree UR - good post

Paddy

No idea Ian,

I've never predicted a share price in my life - I've seen everybody here predict various share prices over the last 30months only to see none of them come through.

I can only say that if it all comes to pass and GH can fulfill his mantra of building a £ Billion company then it should be considerably north of where it is at present.

GLA - Paddy

If everything goes to plan and we have a couple of million tonnes of our ore passing through Telfer in the future then what do you guys think the plan will be?

If Newcrest take the option to buy the final 5% at market value then that should give us a nice old war chest going forward and we could possibly be looking at profits from the toll treatment of somewhere between $10-$20 million per year.

Would GH's plan be to start paying divi's out to the shareholders?? It would make GGP even more desirable to people looking at a nice steady income over the next 15-20 years - 25% of the profit from the toll treatment without any outlay.
Here's some ideas that I have been mulling over -

Say 200,000 Oz @ an AISC of $800 @ todays gold prices of $1,400 leaves a profit of 200,000 x $600 = $120,000,000
GGP share @ 25% = $30,000,000.
Subtract $5,000,000 for GGP expenses/war chest
Profit = $25,000,000
Shares in issue (assuming no more dilution) = 3,323,420,145
Profit / Share = 0.77c or 0.59p @ todays exchange rate - for someone with 3.5M shares in their ISA (me) that would be a nice 20K per year tax free.

I know these are simplistic calculations so if any or all of my ideas are c**p then feel free to shoot them down but in a nice gentle manner

GLA - Paddy

Exactly GM - another week fine with no news means when it starts to come then it'll be thick and fast.
Remember warrants expire in August, Newcrest presentation on the 25th July, etc

It's all getting very close - excited

Well guys/gals, you all know where you wouldn't want to be over the weekend ????

Enjoy the weather - time to head to the beer garden.

Cheers Paddy

Agreed MS. My take from the article was it's great to see people actively putting it out there (be that Credit Suisse or Newcrest in their presentation) that they are"expecting" Havieron to be supplying Telfer in the near future.

The CEO even said it in his presentation "we will be aggressively drilling to determine the size of the ore body"

We know it's there, it's just the size that is in question. As DJ said last night and GH also mentioned Newcrest have been all over this with GGP - they have all the data that we are not privy to - and a very salient point that SK made this morning is that Newcrest get nothing until they get the 40% at the $20 million spend.

Hopefully Reddit will also be right again this time with his core predictions.

Of course it can go wrong and we "should" all know the risks but speaking for myself only here - I will still be holding all my shares for the end game.

GLA - Paddy

Sorry got calcs wrong - it would give us about 130,000 Oz at 2g/t

Hi MS,

I think CS said 2 million tonnes not 2M Oz. It obviously then depends on the grams/tonne of the ore but even at 2g/t which would hopefully be the very lower end then that would give us 250,000 Oz @ current gold price of $1,400 - that a lot of wonga.

Also some of the calculations for Havieron were looking at up to 50million tonnes of ore being down there - that could give Havieron a life span of up to 25 years.

It's easy to see why NC are so bullish and if it works out then I think the issues with the mine operator will soon be ironed out.

GLA Paddy

+1 from me also SK - great to read a sensible post with sound reasoning.

As they say DYOR and trust in it.

GLA - Paddy

The other thing here is that all this would surely give Newcrest even more impetus to get Havieron producing higher grade ore ASAP to alleviate the issues. The sooner they can reduce the AISC of Telfer then everyone would be a lot happier.

GLA - Paddy

Hi Knokke,

Thanks for posting mate - encouraging to see it in black & white in a respected journal - now just need to see it in black & white on an RNS release.

GLA - Paddy

Cheers HAT but I can only see the first few lines without a subscription.

Hi Knokke,

Any chance of positing the text of the article on here - it will only show the first couple of lines on their website without a subscription.

Cheers - Paddy

Fun & games....