Member Info for Prospector

chartbuster, there could be a lot of copper at Havieron - look at the assays. Also, look at Scallywag, where MMI sampling showed a much higher copper response than Havieron. Scallywag includes multiple targets along a fault line over an area 6km x 4km.

I agree with Tiburn that the figure of 1 in 200 being mined by a major is probably about right. However, it depends on the gold price and scarcity. Regarding the grades required, this depends on the total amount discovered, consistency of mineralisation, and the gold price. A figure of 2% cut off has been typically used for decades. But as gold becomes rarer and the price increases, it could become economical to mine lower grades than that. At Havieron, we have extremely high grades that are concentrated in vertical breccias, which are most likely surrounded by low grade occurrences. When averaged out, Havieron could be 5% or more within a significant volume (say 5 - 10moz). Then there is copper also - at this point we don't know if it will just be copper as a by product or a separate resource, and the next drill results should tell us more. My investment horizon does not stop with Havieron, but includes all the other prospects identified across the Havieron and Black Hills licenses. Scallywag is the one I am most keen for us to explore further - could be bigger and better than Havieron if you could imagine such a thing.

I think you will find GGP is just having a breather, after such a sustained rise. You haven't see the main event yet - that was just the warm up.

Yer, do one.

Kezuk999, because its becoming clear that we have a major discovery.

Versuvius2019, assay results will be released when the RNS is prepared following arrival of data from the lab. It is against the law to withold market sensitive information - Greatland are always careful about that.

jd3291, you probably feel that you have eliminated your risk on this investment by realising your original outlay, and to some extent that is true. But at the same time, by reducing your investment exposure, you have also reduced your potential gain. One of the most powerful aspects of investing is compound return over time. For example, people who invest in companies that pay dividends are wise to reinvest the dividends to further increase returns. When you say that you will buy back in if the news is good, that's likely to be at a higher price, and again you will have reduced your potential gain in total compared to just leaving it invested. In addition, if you buy back in you have negated your original risk reduction by selling.

Yorkshire, I doubt it will change until there are serious regulation changes. Too many lobbyists with vested interests. Best thing is to invest in good companies and don't waste time thinking about short term trading concerns.

Exactly right Islandgirl. Just like Western Mining gave up the license with a large gold surface anomaly in the 90's, and where later Tropicana was discoved.

I don't think anyone can deny that GGP is the kind of opportunity that appears once in a lifetime. But what it means is we have to keep our emotions in check even more so. Of course, big news regarding Havieron will test our resolve and ability to make good decisions. With such a great opportunity here, it is even more important to take advantage of compound returns over the long term. There will be many who take money off the table to lock in some profit, but you have to consider how likely a better investment exists elsewhere in which to put that profit to use. I would argue that it is unlikely or at best difficult to find one with the same risk / reward ratio, so by staying invested for the long term is a better decision. The longer an investor holds good quality investments, the less risk those investments become over time. Coupling quality with compounding is a powerful combination. But you will need patience in spades and the ability to assess risk objectively. We know gold is getting harder to find and the world has collected all the easy to get resources. We also know that copper will be in high demand going forward - the world will use more. The Pilbara and Paterson regions in WA are loaded with opportunities both in terms of discoveries and deals to be made. We can also see how GH has cleverly picked up the right licenses at the right time and at the right price. It's not a fluke - he knows what he is doing. GL to all invested and here's to an exciting 2019 and beyond.

The importance of the Firetower prospect should not be overlooked. Previous drilling has returned high grade intervals of both gold and copper.

Gold
29m @2.39g/t
17m @5.37g/t (inc. 1m @30g/t)
10m @6.2g/t
3m @ 21.38g/t
11m @4.3g/t
1.2m @14.9g/t

Copper
5m @0.76%
1m @1.44%
3m @0.62%
2m @0.84%

Drilling has only gone down to 100m. The 3DIP survey identified a body 1000m long x 400m deep and also corresponds with previous drill results.

There is potential for up to 4km of strike. The 3DIP survey only covered the first 1km of strike with a target of 1moz.

A new drilling campaign is planned for the first quarter of 2019. If the drill results support the accuracy of 3DIP, then it will provide more confidence in the approach and lead nicely into the Black Hills campaign, where 3DIP has also identified a large target.

It's very easy for the MM's to adjust the SP up or down to cause PI's to sell. They want your shares so that they can sell them back to you at a much higher price when results are released. Ignore short term price movements and focus on what's to come in 2019, as Tiburn has outlined. If you hold you will be rewarded.

Well whatever the case, shorting GGP is just such a silly idea anyway.

RTC, you're right. GGP is too small and most brokers won't allow it. Being a long term investor, I haven't tried it.

Spy, that's not quite correct. You can short any stock using a proper broker account. There are no stocks that are exempt from short positions, except on some rubbish brokers.

bhargav, well it's your choice. But I think you have not taken into account institutional investors and the mining giants who will want a piece of the action. Long term investors don't care about Jan - April, they care about a company that will keep pushing forward in what is arguably the most exciting mining region in the world right now. The new technologies being used are opening up a whole new dynamic to the area, which has been overlooked for decades.

The importance of the Firetower prospect should not be overlooked. Previous drilling has returned high grade intervals of both gold and copper. Gold 29m @2.39g/t 17m @5.37g/t (inc. 1m @30g/t) 10m @6.2g/t 3m @ 21.38g/t 11m @4.3g/t 1.2m @14.9g/t Copper 5m @0.76% 1m @1.44% 3m @0.62% 2m @0.84% Drilling has only gone down to 100m. The 3DIP survey identified a body 1000m long x 400m deep and also corresponds with previous drill results. There is potential for up to 4km of strike. The 3DIP survey only covered the first 1km of strike with a target of 1moz. A new drilling campaign is planned for the first quarter of 2019. If the drill results support the accuracy of 3DIP, then it will provide more confidence in the approach and lead nicely into the Black Hills campaign, where 3DIP has also indentified a large target.

bhargav, so all positive then. You have listed the major events showing a company transforming from nothing to a serious player in the Australian exploration / mining space. Futher placements just means more cash and faster growth. How does it feel to be on the wrong side of the trade? If I were you I would close your short positions quick before you get cleaned out.

Spot: $1,275.61 Futures: $1,277.60

trigger, You don't need to worry about the copper as GGP is unlikely to be processing it. But if Havieron is taken over by a mid tier or major, then the new contolling company will process the copper only if the grades are good enough to stand on their own. It does look like there is a fair amount of copper, however.