The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Cannot explain to guys like this.
France, SPain, Portugal, Italy, Greece all living on ECB life support. If the ECB ever pulls the plug what a mess it will be. Eventually it will pull the plug. What fools would create a monetary union with Germany, one, if not, the worlds economic super power. Its productivity levels match Asian tiger economies. How it does I do not know. France and the PIGS have to increase productivity to match German productivity to compete. I do not see that happening.
Thank god we never joined the Euro like our moronic MPs wanted. As for being in the EU. It will want all members of the EU to sort out the eventual fall out when the Euro pops.
GGP have experts on board and access to experts who are top of their game. The Tasmania prospects seem so easy that it makes you wonder why nothing is happening. A farm in agreement with a local/small miner company would be ideal.
Looking at Satellite images it is a beautiful area. Tasmania has a strong anti mining groups. Near Firetower previous mining works can be seen but there are many farms and Forests nearby. Maybe mining here is a slower process. More regulation with a strong environmental movement locally. I am just surmising, I have no evidence that this is the reason why GGP have not moved forward here. I do wonder why as it seems an ideal location.
insecurity:
Lots of mines are in areas that are becoming less and less secure. South America left wing political views are increasing. Chile, new left wing government. Goes without saying that the new government will use copper as a way of funding its social programs. Many parts of Africa are collapsing into civil, ethnic and religious wars. North Africa to Congo is out of bounds apart form a few countries.
Finding a mine in a safe and secure jurisdiction is going to be very difficult, if not impossible.
Be careful what you wish for. POG we have now will still make us a lot of money. POG 5K means lots of inflation. Inflation will cause lots of social problems. Not that we can do much about it. All the politicians and bankers can do is print money. The social cost of this madness is hard to imagine, even for me. Look at the Arab spring. Throw in lots of countries and political groups all happy to use the chaos for their own agenda.
One of the biggest reasons for a high ASIC is grade. 1g/t You need to dig 32 tons to make an ounce.Grades of 0.5g/t you need 64 tons an ounce. For grades of 4g/t you need 8 tons for an ounce. High grades mean less work, less overheads.
To be a tier 1 mine it must have a ASIC less than $800. That is the cost of everything. Havieron will have a lower ASIC than this.
After everything to do with the mine we could be gettin around £900. Of course the overheads for GGP will be taken off this money. Tops £50 million. That is for a few new exploration teams.
I think Shaun has plans to use that money to grow GGP.
Very few shares were shorted.
Look at the volume for GGP and you see why the SP is where it is. Non of the big guys care about us or GGP. They can make more money playing with LLoyds than messing with us. JPM get fined more than the market capitalization of GGP. We are serious Micky mouse stuff to them. Apart from a few exploration funds the main market does not give a dam about us. The day they do is the day the SSP will explode.
Be glad you have opportunities like this.
I believe that every one at GGP, NCM and Bynecut have the best intentions to get the decline completed ASAP. I believe they will get it done. I believe they will speed up when they reach lower levels and the ground is more compacted. It is obvious that this initial phase is not going as planed. How far behind are they?
This is the reality of investing in miners. They do deal with the real physical world.
I do listen Zoros. You just seem to take everyone who questions you as some personal slieght. It is not. I am trying to understand without becoming a mining expert what is going on. So the good rock is @ 400m. That vertical or length of the decline?
So we are behind. I am guessing a lot of these drills around the mine site may be checking the ground conditions and not looking for gold.
You say what am I talking about then you state we a 3 months behind. I think people, including me, got over enthusiastic about the decline. How deep before we can start really tunneling? Until we reach that point we cannot give a accurate estimate for completing the decline.
Telfer needing ore is unimportant if we cant get the ore out. The current decline is behind target. So we wait for the next quarterly for an update. I am hoping to see a big increase otherwise we miss 2024. What depth will the good rock start? I am confident that NCM have drilled where they are mining so the will know this answer.
If we sell 5% and the shares rise but the decline is delayed may be an opportunity to sell and buy back later.