Member Info for Redtrader

5 years is enough time for my investment. You should stop watching BBC/ITV/Sky and CH4 and look at the changes happening around the world. The Demographics changes in the west. China's increasing belligerence and economic growth. The carnage going on across large swathes of Africa. With the US causing inflation by printing dollars. The affect of inflation will be felt most by the poorest. As we now see with Cuba. Cuba will not be the last as the wests money printing speeds up.

I think China wants Aus. They are a few years away, 5 -- 10.
They are building a large base on PNG https://www.skynews.com.au/australia-news/china-potentially-building-military-base-200km-off-australian-coast-bernardi/video/445bd18441169d22ad95e358cf35312a


For fishing.

Australia, what pressure?

As for Africa, Namibia, Botswana, Sourth Africa, still for a while. Mozambique, EU sending military trainers. Sub Sahara these are the safest bets. Botswana/Namibia IMO.

Your right we should get a website designers to dig the tunnel.

Which of the other 650 buffoons will be better?

Could be, I am guessing that most of the buying and selling is being done by traders. Everyone else is just sitting on their shares,

The most important bit, GGP and Newcrest must have approved it. Another sign Havieron is a dead cert.

Havieron is saving Newcrest a fortune. Without ore Telfer closes then Newcrest have to pay for the mine reclamation. Down to 5 mines and dolling out millions for Telfer reclamation process. See why Sandeep loves Havieron. Reclamation can be done by some other guy 30 years in the future. Millions saved.

A few months back jobs at Havieron always stated Telfer as the work location. Now they are stating Havieron. Bynecut would need permission from Newcrest to display a progress status. Subtle changes I admit but a changes still.

Disappointed with the distance. Have noticed a change in narrative lately. Though Havieron was listed as a project on Newcrest website it was not mentioned. Now we have Havieron being named as a location for jobs. Bynecut allowing access to Havieron project progress. Being invested can make you very biased. I do know Newcrest are not growing. Telfer coming to end of life. Newcrest needs good news story. Promoting Havieron could be good PR for Newcrest.

A Ying/Yang news.

I think your model is wrong, Where is the PE for GGP.

You have no idea what other investments or reasons he could use this money for.

ASIC is the cost of mining. This is your revenue on the mined item from that mine. From this you will of course pay taxes, companies running costs, borrowings. As GGP is small the company running costs should be small.

For Havieron ASIC will be below $800, conservative estimate 25%, $450. So each GGP oz we get $1350. Annual revenue stream of $200 million for GGP, conservative. ASIC would be $50 million, overhead costs $50 million, leaving a profit of $100 million.

As GGP is a growing company a PE of 40, similar to BOO would not be wrong. Giving GGP $ 4billion capitalisation. All estimates assumptions. That equals £1 per share.

Telfer mill head grade is 0.68 g/ton. Havieron 5g/ton. You need to extract over 7 tons at Telfer to make 5g. 7 times the effort, more mining, blasting. Havieron will have a local concentrator. Saw a post about removing 10%. Removes dust I am guessing.
ASIC @Telfer $1300.
ASIC @Havieron 1300/7 = $185 + transport or ore to Telfer

All calculations I see set the ASIC far to high. According the the parameters for a Tier 1 mine ASIC must be below $800. I think the ASIC will be lot less than this. A new mine with very high grades, $400.

@Bamps
It seems these samples are local to the rocks, out rock out crops of that area, we are not talking a long past dried river bed. We can assume we have a large materialized rock/rocks over a kilometer long.
@Strudel You radar image is possibly picking up metallic reflections on the ground. Looks like GGP have a new surveying tool.

Paddy.

I read the Black Hills JORC on the Greatland website and did not fully understand the rock samples. Initially I thought they were just collected from the ground. Did not fully appreciate the significance of these samples. I think I have that wrong. For over a 800m length of ground various out crops of rock were examined. Geologists chipped at these rock out crops gathering samples. This means we could have a rock at least 800m long with high gold content that. This rock can be open mined. A JCB is all we need?


Have I got this correct?
Is this correct

Should have sold when we got wind of the second lock down.

Yes, it must be true because I said it,
This is my opinion so you can do your own research and tells us what the SP will be.

No exciting news then the PFS in September should lift it to 30p. Good news in July about progress on decline or news from drilling it could top 30p.

FOMO is starting to kick.