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Looking in I see a not very optimistic title thread so lets be more positive.

Wow almost at 8 p but a long way from the 12p still we used to moan at, but still heading in the right direction!

Could it be a combination of GDXJ 7 POG plus certainty over at least the takeover of Newcrest with one less box to tick off?

Probably, but also we will be heading towards more news as not long to go till Nov 6th and keys handed over. I can't imagine it will be too long before decisions come to light and that is what is keeping us at these levels imv.

MRE and Assays this calendar year; and maybe even some idea of what NEM intend to do with us,

If Sprott are right, they will buy us out, but I can't imagine for a price we will all hope for. (I'm looking for more than our current ATH!)or will they offload us and Telfer, which makes sense iwth our new board and SD chomping at the bit to build?

All speculation but exciting and nail-biting but never a dull moment!

Looking forward to being bored at 12p again before we move on up!!

Slowly slowly...hope it's all uphill from hereonin.

This won’t be news for those of you who subscribe , as I do , to Sprott ; Rick Rules fund.

But if it’s of interest here’s the latest view to me on Havieron :

From Steve todurok at Sprott :

Company

Ranking

Comments

Greatland Gold plc (AIM:GGP)

4

My clients have been significant shareholders of GGP since they drilled their discovery hole in 2018 in their new Havieron gold-copper deposit in Australia so I follow the company closely by reading their newsreleases, talking with management regularly and visiting with them at conferences.

In my opinion, this is one of the most significant new gold discoveries made in the last number of years – especially when factoring in that it is situated in a low risk country that is very mining friendly.

As I’m sure you know, a big part of this story is that Newcrest has operated the nearby Telfer Mine for the last 40 years. It is bought and paid for and has about 1200 employees working at the mine site. Newcrest has told everyone that the mine is near it’s end and is scheduled to close around the end of next year. Big mining companies don’t like to shut big mines down because they have to lay all those people off then start the very costly process of reclaiming the mine site which costs tens of millions of dollars and can be ongoing for 20-30 years.

In the hopes of not having to shut that mine down, they try very hard to find a new nearby deposit that they can start mining running it through that existing mining complex.

In this case, Newcrest didn’t find one but rather Greatland Gold did. That is why Newcrest entered into a joint venture with GGP.

The gold-copper rock (ore) will be dug out the Havieron deposit and brought to surface then either put on big mining trucks or on a conveyor belt then transported to the Telfer Mine for processing.

At this time, we are all waiting to find out what Newmont does in regards to the Telfer Mine and the joint venture with GGP now that the Newcrest takeover has closed.

Newmont will cherry pick the mines and projects that they have just acquired from Newcrest. The mine they were mostly after is the Cadia Mine which is predominantly copper with gold. This mine will really boost Newmont’s copper production and gives Newmont Newcrest’s underground block caving expertise which is the way of the future for deeper copper mining. Newmont and Barrick Gold have both stated that they only want tier 1 mines which are mines that produce more than 500,000 ounces of gold per year. Ideally, they want mines that produce 1,000,000 ounces per year.

Newcrest has been indicating that the Havieron Mine would produce about 300,000 ounces per year which should be a good money maker but Newmont might just deem it to be to small for them. That could see Newmont try to sell the Telfer Mine and their interest in Havieron but the snag for them would be that GGP has a right of first refusal to buy Newmont’s 70% in Havieron if Newmont chooses t

I liked Charles Archer's synopsis of GGP to date so much that after a monsoon-filled day of work stuff, I found it oddly soothing to read again.

This bit here echoes what some of us reason is of value to us albeit not obvious to some:

''Using August 2022 numbers where Havieron is worth $1.2 billion, Greatland would have had to find 70% of $1.2 billion ($840 million) to buy Newcrest’s share — and then more for Telfer as the processing plant is needed to make the investment case — both to process Telfer and Havieron ore, but to include spare capacity as well.

Newcrest invested $181.4 million in Telfer in 2021 to continue production until the end of 2023. It then invested a further $214 million to extend mine life to 2026 late last year. Telfer hosts the largest gold processing facility in Paterson province, and the project produced 407,550 ounces of gold in 2021-22. It still holds significant value, despite its age, and that processing facility could be put to better use.

Previously you were looking at least $1 billion for the two assets to be bought out in full — and now there is a $500-600 million figure — half of what was previously assumed. Hilariously, this would leave GGP’s 30% interest in Havieron at roughly the same value as the $220 million that three banking titans are prepared to lend it in debt.

It’s also worth noting that Barrenjoey analyst Dan Morgan has consistently argued that Telfer and Havieron do not make sense in the wider conglomerate’s portfolio as it is processing below capacity, and the combined Newmont-Newcrest monster will likely want to sell the assets.

There is some speculation here: Newmont/Newcrest want to offload the assets and would welcome a smaller valuation to get rid of them. Greatland is the obvious buyer but needs it low valuation. And who advised Fortescue for years? Grant Samuel.

Greatland has made clear it does not wish to use the $220 million debt funding from the banking syndicate until the feasibility study is concluded. And it’s delayed its ASX IPO — several months ago journalists were speculating it planned to raise $100 million. And it has around $60 million in cash.

Add in a little additional Wyloo money, or a ‘supportive’ banking syndicate ready to go, and you’re there.''

Just a thought and maybe some explanation as to our current low etc etc etc......

AIMHO

GLA

As posted here by MH01 :

I repeat the link as I found it to be just , an accurate synopsis rand great read!

Https://investingstrategy.co.uk/mining/gold/investing-strategy-the-greatland-gold-edit/

If nothing else, it will give any new (or old ) investors who like a detailed summary; an insight into where GGP have been and the journey up to now, for clarity all in one space, possibly then a few insights into what might happen as a bonus muse. Thx MHO1

My own observation is that we are all pretty much just full of conjecture, theories, (conspiracy or otherwise) and some boredom and frustration amongst a good number of people, re the long lull in value to SH. I get it and have had a private moan myself a few times over this past 3 years, plus it's the wild west of AIM adding to the uncertainty.

However, it really can't be long now until we get news of our direction. Will we be taken out, Won't we. Will we get dumped by NEM giving us new pastures and power in the future and what will that involve!

Someone mentioned people leaving here for pastures new stock-wise after the interminable wait; but in real terms, if you listen to Buffet and follow and believe also in the Lassonde Curve for juniors going mining etc, then it isn't and hasn't been too long a wait. We just got spoilt (or ruined) by the 37p ATH to date) which has unnerved us even more.

All understandable and without repeating myself yet again, it's all down to seeing what we HAVE achieved (you all know the list of supersonic spped of drilling super board setc etc) so fundamentals also of Hav as a gold discovery of proportion; and the ambitions of SD.

Do you stay or do you go? It's what a lot of people are debating. But you have two choices and not an easy choice for some. Nor me in some ways but damned if I would dare miss out on what could be a phenomenal future ..but that's my choice and my opinion.

I think there are many on here that need to make that decision themselves to sit comfortably or be content with sitting on a prickly cushion that itches every now and then, with the nails of doubt! Choices choices!

GLA!

It is nothing those of us who have followed the journey don't know, but it makes for a concise read.

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