The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This is not deramping. The early start is not going as fast as I imagined. NM also stating it has been delayed. How much we do not know. Can they catch that up? I am hoping when it hits better rocks we will start seeing large increases in distance. We may make up time.
Until the big guys move in we are in purgatory. We are actually very lucky because the main market ignores AIM and companies like GGP, no matter how good the fundamentals. So we have the opportunity to buy in at very low levels. GGP has strong fundamentals. It will become a full functioning mine. The 5% sale will go through. It has a large portfolio of other tenements with potential finds.
Only risks I see are natural disasters, meteors, geo politics and wars.
277m completed in 9 months, 5 years I was being optimistic. Of course the SP is affected by the time the mine starts operating. They can invest their money anywhere. Why invest here when nothing happens for 5 years. All the opportunities they can miss leaving their money parked in GGP.
Luckily we have the sale of the 5%.
Seen posts today stating over 40 million ounces of gold. Current price for that amount of gold is $72 billion.
Previous posts stating 2 million tons of copper. The price for that amount of copper is $20 billion. The current release means that the copper resource has expanded. It could be 4 million tons, $40 billion.
We are talking about a mine with over a $100 billion dollars of ore and we have 25%. This does not include Zipa and further finds.
I think a mine with over a $100 billion of ore is worth at least $10 billion. IMO 5% is worth at least $500 million. Giving GGP $500 million in the bank and 25% share of a $10 billion asset. That means $2.5 billion for us.
Valuing GGP at $3 billion or 75p a share.
It could be 5/6 years before we reach the top of the ore body. NCM and GGP do not seem perturb. I am hoping once we reach a certain depth the pace will pick up. If anything they seem to be going slower.
The 5% buyout will help the SP which could be completed by the end of next month.
Anyone have any experience of digging 3km holes in WA?
Buy and sell is just a computer guessing what the motivation is in a transaction.
If you ask for a share and pay a higher price it sets the text blue implying it must be a buy.
If you sell and accept a lower price the computer sets the text red implying it is a sell.
My reading is that the 5% will be based on what is now known exists with what they can infer probably exists and the potential that more gold exists in the tenement. You need people who are experts in this field on your side. They will need to be able to backup every claim they make.
Artemis cannot say if they have found gold until it is confirmed by an Assay. They are giving very big hints that they have found gold. They will know if they have found gold, even without a true scan system. They will have seen a least a few traces of gold when they were extracting the cores. If their is no gold at Apollo never trust a word from Artemis. Treat everything by these guys as total BS. We will know soon, I find hard to believe they would give hints like this without any gold. So for me how much gold is their?
TimberTrader,
I read the Artemis RNS before Christmas. It had images of their cores, no assays. I am talking about the drills holes in the south west corner with Havieron, near Zipa. Do assays exists for these drills?
Is this for drilling at Havieron or is it for Zipa, North Havieron. Thought I read somewhere that they had moved from the main mine. Still drilling, still looking for drillers. They could have found nothing. They are spending all this money drilling in case the have missed something.
Need some good news on the progress of the decline.
The SP is insane.