Member Info for PaddyGall

I'd say that's a strong possibility mate and could explain where the MM's have been getting their seemingly endless supply of stock to sell on.

I don't think we will find out until they report after the 6 months are up.

I guess we knew it was coming at some stage before they expire in August / September and it means there's more cash in the bank to crack on with the drilling...

Nice to see the informative posts to the fore again overnight - would GH be able to make any of the emails that he received from the industry people congratulating GGP on the find public???

Also do people think it would be helpful going forward to start to publish the 3D modelling graphics on the website.

Sprott made the following comment in their research note:

"While drill core measurements do suggest that mineralization is both denser and more magnetic than the
unaltered host rock indicating that the anomalies are related to the hydrothermal system, we cannot
interpret these anomalies without reviewing the images in context with the drill holes."

If those images were made available to Sprott would we then get updated information from them?

Lots of questions I know but still keeping faith - GLA - Paddy

GLA - Paddy

Hi news Great research and as I said before it's great to have you back posting on here. Here's a link to the full Sprott research note. https://t.co/ET8Dy6WYuc?amp=1 Cheers Paddy

Guys,

Another painful days watching - still holding to all mine even though it would have been entirely possible to have held onto the shares and banked a few quid but as others have said I don't have the b*ll*cks for that.

The links to the cross sections and plans on the GGP website have been updated to show the new drill plots. Hopefully someone clever can take these and give a good estimate of what's down there.

I'd love to see a nice 3D of the modelled data also.

https://greatlandgold.com/wp-content/uploads/2017/06/Havieron-Section.pdf

https://greatlandgold.com/wp-content/uploads/2017/06/20190205-Havieron-Plan-View.pdf

GLA - Paddy

I'm not bothered about what SB does or doesn't do but at present his holding is 6.2%

I think I'm right (but stand to be corrected) in that a TR-1 would have to be issued if his holding were to cross every 1% boundary after the initial 3%.

If so we could expect a TR-1 if he were to dump 0.2% of his holding which would only equate to 7M or shares.

As I say I could be wrong so stand to be corrected.

GLA - Paddy

I held onto all of mine. I still am not comfortable or confident in this trading lark. I'm hoping that holding long term will pay off in the long run. GLA - Paddy

news - it's good to have you back posting.

Keep up the good work.

Some big delayed trades showing on MoneyAM now.

16:29:56 2.0700 2,500,000
08:53:03 2.1800 4,970,000
09:14:54 1.9250 7,352,852

The 4,970,000 looks like a sell but the other 2 look like buys to me...…

GLA - Paddy

Will Sprott do a revised research note now based on the results of the assay?

Did anyone clock this paragraph down towards the end of the RNS.

"Downhole wireline work was completed on several drill holes during 2018. Wireline tools included optical televiewer, acoustic televiewer, chargeability, conductivity, density, magnetic susceptibility, full waveform sonic, salinity and temperature. Not all tools were used on all holes surveyed. The data obtained is of good quality and provides detailed geophysical and physical properties of the cover rocks, host sequence and mineralisation. In general, zones of gold and copper mineralisation show a positive magnetic response of significant amplitude. Zones of gold and copper mineralisation display a conductivity response of moderate amplitude. Zones of increased copper mineralisation show a positive chargeability response. Elevated density is co-incident with mineralised zones and there is a large density contract between the cover rocks (Permian) and basement (Proterozoic). Ground water salinity is relatively low. Wireline data has been very instructive in determining optimal airborne, ground and downhole geophysical techniques to assist exploration work at Havieron and for deployment on the many untested regional targets."

I'm no geologist but it sounds to me like they have a very, very good idea of what they have got down at depth. I think they can see what the results look like now against the wirework data for those areas and they can now extrapolate that data and reasonably deduce what is down there with enough confidence to book 2 rigs and have the option to increase if required later in the campaign.

I like it - GLA - Paddy

Went while I was typing lol.

Looks like 300M traded is about to be taken out in the next half hour or so.

Would we expect to see any TR-1 after today? By my reckoning a holder would need to have about 97M to go above the 3% threshold...

Keep holding tight - GLA - Paddy

Interview out - just going to listen myself - not sold any by the way.

https://twitter.com/AndrewScottTV/status/1092742809667407872

GLA - Paddy

Fair play to England today. They came and played tough and hard (a bit like GH when he's negotiating) and definitely deserved the win. Hoping for more luck on Monday morning. GLA - a down in the month Paddy

Hi Jersey,
What about the female investors with partners also...…

Anyway I'm treating my long suffering wife to a romantic weekend in Rome at the end of the month - coincidentally just happens to be the same weekend that Ireland are playing Italy in the Six Nations so I decided to get some tickets for that also lol.

Big game in Dublin this afternoon - wish I was there COYBIG

GLA - Paddy

Here's a link to an article that I found on hotcopper this morning. It's an interesting read about a JV deal that OZ minerals have made with an Australian junior that they reckon could be a blueprint for JV deals going forward which gives the junior a better stake but only if the junior has an exploration project of sufficient quality..... I think we can satisfy that criteria.

https://resourcesrisingstars.com.au/news-article/oz-minerals-raises-farm-bar-elephant-hunting-deal-junior-red-metal

GLA - Paddy

Existing drill holes have tested to approximately 850m vertically below surface. Elevated gold and copper persisted to end of several holes (based on analytical results to date) suggesting the mineralisation continues at depth below the current limit of drilling. Visible mineralisation at end of hole in HAD009 (at 932m downhole) further supports this belief. The laboratory results from recent drilling demonstrate the presence of very high grades of gold and copper at Havieron, and when considered in conjunction with geophysical models, the potential large scale of the mineralised system is apparent.

Looking good indeed - Gotta be next week - GLA - Paddy

There you go guys a Code 3 - that means either 3 RNS's logged or only 3 days to wait until the big mutha is dropped.

Excited.... It's like Christmas all over again LOL...

GLA - Paddy

That's the spirit Spy...… Nothing like a good rumour to get everyone buzzing.

Once the assays are out and if they are as good as we all dare to believe then it will all fall into place in good time.....

Patience Grasshopper

Hi Jersey,

Yes mate - only looking at Havieron on those calcs. Black Hills, Scallywag, Firetower still to be drilled and then the other Paterson targets, Panorama and dare I say back to EG at some point.

Lots of potential over the next 5 to 10 years to get my SIPP bulging for retirement day.

GLA - Paddy

OK I spent my lunchtime knocking this up in Excel.

Havieron Target 1 (Gravity Anomaly) – 300m across and 400-1200 deep
300 x 300 x 800 = 72,000,000m3

Havieron Target 2 (Magnetic Anomaly) – 450m across and 800-1400 deep
450 x 450 x 600 = 121,500,000m3

Total Volume = 72,000,000 + 121,500,000 = 193,500,000

Specific Gravity of ore = 2.5

Mass = 193,500,000 x 2.5 = 483,750,000 tonnes

If we use conservative values of 2g/tonne gold and 0.2% copper this would give us
483,750,000 x 2 = 967,500,000 grams gold and 483,750,000 * 0.2 = 967,500 tonnes of copper

I now used the values in the link to the website provided by Fun which should allow for some cutoff in the calculations.

https://undervaluedequity.com/mineral-deposit-value-how-to-calculate-the-potential-value-of-a-mining-project/

Oz of gold – 967,500,000 / 34.2857 = 28,218,762 Oz
Pounds of copper – 967,500 * 2,204.62 = 2,132,972,385 pounds

At today’s prices of $1,326 / Oz gold and $2.765 / pound copper the value of the discovery would be

(28,218,762 * $1,326) + (2,132,972,385 * $2.765) = $ 43,315,747,056

Again as per the website we look at 5% of the value of the deposit as what someone would be prepared to pay -
$2,165,787,352 or £1,665,990,270 or roughly 50p / share

Wildly optimistic I know but as per some of Tiburn’s calculations over the last few months it shows what is eminently possible. I would be very happy with ¼ of 50p / share.