Member Info for Sanboy

Yup all gone in my post history.... Very interesting

San

Cant see any of my posts

San

Not really fussed as the tailings are a small part of this journey. The big surge in this share will be on the drilling campaign. I believe there will be significant gold in drilling results from both MJ and Olympic, which will add significant value. That, along with the potential for a JV on the copper, is why I am in this share. The tailings will give us some additional cash to help funding but cant see it being anything more than 1-2 million across the 38 spoil heaps. I think a lot of investors are thinking lab results will transform this share, so I think people will be disappointed. The drilling campaign initiation and results will move this share to true value. Take a look at THR mining, who have similar amount of projects and are slightly ahead on sampling. Their MCAP last time I checked was around 15mil and they have warrants and placings. If you look at GWMO, we have a lot of warrants to churn through, but we also have 2 million in the bank that will fund the drilling campaign this year and we have proved leaching and grav process... we are at 7million MCAP, which is half that of THR. The company presentation estimates at high end of 1.5moz across licenses and at low depth according to legacy sampling. This doesn't include significant silver deposit which will need to be factored into AU equivalent. You also have to add valuation of the copper play which at 9000 tonnes estimate at current price is a healthy sum. Rerate coming in my opinion but obviously DYOR

San

Southwestern it's good to hear somebody's differing interpretation of existing and potential future data . This is a forum and debate should be open, so guys should lay off or respond to challenge. Was going to ask whether you know much about cadia and how that expanded from its inferred resource estimate to the beast it is now?

San

Nobody at newcrest said it, it was an estimate on the last broker note to align with the higher than expected initial estimate

San

Seems to have travelled well....will get my coat

San

Are those all buys.... It would sit nicely with the theory that its big order being filled gradually at a set price. Are there any price correlations from yesterdays big buys and todays delayed ones. It would be interesting to see whether thats why the rise happens at close

San

Southwesterner apologise if i was abrupt and some of your points are interesting, but i have to question why funds would park their cash without wanting returns for their customers relatively quickly. This also includes ETF's into the mix. This is not a ftse company like BP with a stable, somewhat natural trend and i would question a fund that sticks money into an AIM company on the assumption that gradual growth will occur. The stock is still on the most volatile of markets

San
San

So Southwesterner can you explain valuation against the moz estimate and show your workings. The Broker note stipulates a 33p estimate based on a 12moz equivalent AU, in which they factored in a level of risk, current gold price, processing costs, bulk mining etc, This doesnt factor in additional for copper and its increasing price. This also doesn't factor in all of the additional targets outside the Hav drilling but within the JV terms. It doesn't factor the 65k worth of drilling to be done within the next 6 months. If i make a rough assessment of say 20moz by the final estimate, do i take that to mean 30% being valued at around 60p? Not included in that is copper, Juri JV, Kracken (Scally) and other sizeable projects owned

San

And the new targets outside Hav but in the JV agreement. I wish people would read before they post

San

You what.... well drilled??? 65k metres in the next 6 months! Oh my days. Go tell Blackrock and Credit Suisse that, they will wet themselves

San

Jesus Wept.... Seriously. Thats 5 minutes of my life I will never get back. It would be great if this board focussed on Lab results, drilling campaign, warrants etc as opposed to reporting a company for GDPR breach. Back to Telegram where we actually debate positive and negative aspects of the company we have invested in, rather than the bad choice of Shirt and Tie combo Brian selected in his last interview....Pointless

San

Going to be a lot more warrants being exercised, but on good news they will be churned through on SP rise. 1 week to lab results and drilling should start soon at mineral county as the weather seems mild on ta google weather

San

Yup SP says it all bought in at 0.14 and been buying ever since. Warrants will hold this back but cash in the bank means drilling campaign can commence without placing. Thor has an mcap of double and the prospects are better here. Tailings to cover additional funding if needed and additional anomalies at Olympic and MJ mean could be some nice drill results coming soon. There will be a placing in the future bit if that's to explore something tangeable then not concerned. The company since I have bought in has been run very well. Hit all targets bar lab results and managed this voting debacle well. Can't comment historically, but dont really care as I have invested in a new board and strategy.

San

Can you not call your broker up and give them instructions? I did that on HL and took 5 minutes to complete. I received a secure message informing me that my instructions had been received and processed

San

Because its all about supply and demand. There have been many who have bought into this without researching correctly. They bought in high and have sold when the MMS took advantage of a very poor set of results to bring the price down. I believe that numerous LTHs top sliced too in order to protect sizeable profits and also GDXJ sell off. The positive thing is that the Institutions increased their holdings and sells didnt come from their end. Irrelevant really as Havieron will be worth multiples of this and that will be triggered by new broker note capturing the expansion of the gold deposit. I cant believe people would be selling when the last drill results stated "New targets not part of Hav but in the JV agreement"......huge. I think some people want multiple baggers and think GGP has run its race, opting to pump into companies who have an mcap of a couple of million. GGP will be producing Gold, the majority of the companies on AIM will never get to that in their lifetime... BTW cross ramp, look at GWMO ;)

San

GGP is well worth over 1.2billion. They own 30% of a tier1 deposit that is being hammered by Newcrest so they can get it into production within 2 years. Havieron is getting bigger and bigger, with new targets found within the JV agreement, which means more gold. To add to this a second JV with Newcrest has commenced yet. Broker note suggests a 33p target on 12moz AU equivalent but that doesn't include the 65k metre drilling this year. That is a 20moz mine and 30% ownership is into the billions. As you all know I have a nice holding in GWMO and if lucky could become a GGP, but my expectation is a 100m mcap in a few years based on 1.5moz gold deposits across their licences.

San

Another person who should stop investing. Bully, for the final time after posting this over and over again.....REVENUE DOESNT DRIVE MCAP/ VALUATION.. Jesus wept. The mcap is driven by numerous things like risk, current asset valuation, future asset valuation, revenue (minimal), environment, external market factors like gold price, pandemic etc. This is all underpinned by supply and demand. The share price is volatile because a sell off from alot of investors who bought high and bailed to chase another place to lose their money. I will stick with the current broker note and the institutions who also bought in the 30's and didn't wet themselves on the drop

San

The telegram group own over 20% now and yes John, Paul and Andrew are all members.

San

Spring will be the real driver. The lab results will help generate interest and buying, but many will be waiting till drilling programme starts at MJ. It could be sooner than we think if the winter is less harsh in Feb to early March in Mineral County. I cant see how the MCAP can be at this level on news of drilling commencement (0.30's by drill start and 0.40s on anticipation of news, higher if the results are good). Then we have Olympic. If you look at the company presentation that provides estimates, the highest estimate is 1.5moz gold across all our projects, which with an AISC of 1300 is 1.9biillion dollars. This doesn't include copper prospect or Silver, which is double the gold potentially.... 7M MCAP really is a steal!

The patient here will make money
San