Member Info for Shareman10

JKW Yes, I fully agree with you. A great presentation and some lovely bits of information. I was particularly pleased when he referred to the guys smiling everyday in the assay yard. They can see the drill cores and the smiles reflect their knowledge of what they are seeing, and it isn't just dirt. They have a great idea of what the results from the Perth assay office will be and they obviously can't contain themselves. I thought that was quite telling as to what we can expect in the near future. Patience is the only thing we need and we will be well rewarded. GLA

No problem Oil. I think Sandeep is probably singing the song 'Nothing Gonna Stop Us Now' everytime he thinks of Havieron. I'm thinking the same myself!

Job opportunity being advertised by Newcrest.

"Our exciting Havieron Project

The Havieron Project has enjoyed exploration success over the past year and is rapidly approaching the delivery of an initial resource. The Havieron Project is the primary target of the Newcrest-operated earn-in with Greatland Gold and forms a key driver of Newcrest’s growth strategy. The Project is located in the Paterson Province, Western Australia, approximately 45km east of Newcrest’s 100%-owned Telfer mine.

Who we’re looking for

Reporting into the Site Manager, you will provide pivotal operational leadership to the field teams who are supporting the delivery of field-based activities, logistics and exploration facility management to ensure timely and proficient support for the exploration function. With the daily coordination of planning, implementing and review of cost effective exploration programs, this will present a great opportunity for an all-rounder, with a commitment to safe delivery, and team development.

As a collaborative new leader to the team, you will provide key guidance around delivery and innovation in delivery of field programs and continuous improvement recommendations. Your ability to engage with others and build key relationships will come naturally and enable success in this role.

Your previous supervisory/ leadership experience in exploration and/or mining environments, extensive field experience, project management skills and ability to lead by example are highly desirable".

I just couldn't resist the temptation any longer so I've bought a few more shares this morning after telling my wife that I wouldn't as I had enough. I said I can sell the latest lot when the sp gets back to 30p and I'll have made 50% profit. She said "yes, but I know you won't do it". She's very astute my wife!

Thanks Morning Sun. I know very little about mining exploration / mining operations although I am picking things up gradually thanks to the fantastic knowledge available on this BB.

Hi Mark, Hydrogen, thanks for the replies which are appreciated.

Hi Paddy, as you say very interesting that the broker presentation just happens to be the day after the Havieron results.

On another issue relating to Newcrest I notice that they are advertising for a Superintendent - Short Term Shut Planning position. The advert states: "We are seeking an experienced Superintendent – Short Term Shut Planning to join the Shutdown Management team at Lihir. Reporting to the Manager - Shutdowns, you will oversee all aspects of the preparation, planning, scheduling and close out of the upcoming planned shutdown in an approximately 6 months time horizon focus to coordinate and integrate all shutdown activities to achieve the shutdown goals of safety, quality, schedule and cost". On the Newcrest website it says in relation to Lihir that it "achieved the target of an annualised 15mtpa sustainable mill throughput rate in the June 2019 quarter. Having achieved this target, Lihir is looking to stabilise throughput at or slightly above these levels and increase focus on lifting recovery rates to maximise overall gold production and cash flow in the future". So, no indication of a shutdown. Lihir is a relatively new operation so why the shutdown? Can anyone shed any light on what's going on?

Another article in Motley Fool today under the above heading and stating as follows:-
"The next major milestone of the operation is completing the pre-feasibility study that’s expected to occur in the second half of 2021. This investigation will use the data gathered so far to determine the economic viability of the Havieron project. Assuming everything is in order, Greatland Gold may be able to begin production as early as 2022. Needless to say, this could lead to some explosive growth in the GGP share price".

They may well be right for once.

Apologies, I've post the same message twice with a mistake in it!! The date of the next results should read 9th June, I was looking at the GGP RNS dates which are, of course, reported a day later than Newcrest's. So, not long to go before we should get some further good news.

Dips, that's right the results are due on the 10th June based on last year's reporting dates. Last year though Newcrest also reported on 22/7 and then on 9/9 which is a seven week interval as referred to by nextdeal.

Dips, that's right the results are due on the 10th June based on last year's reporting dates. Last year though Newcrest also reported on 22/7 and then on 9/9 which is a seven week interval as referred to by nextdeal.

Yes, I think there is a reasonable chance. Apart from Havieron we are, of course, also involved in exploration in the Juri JV and at Scallywag and as GGPT referred in his post today at 12.36 Berenberg consider that:
"Should the regional exploration programme across the Paterson discover another Havieron style project then we believe that this would be transformational for the shares".
Let's hope for some good drilling results coming through from Havieron and also elsewhere over the next few months.

GGP lodged three applications yesterday with the Western Australia Government.
Exploration Licences 45/5929-5931 East Pilbara
Salvation Well South East - 32 blocks
Salvation Well - 133 blocks
Salvation Well North - 132 blocks

Some people seem to think that SD is doing very little but things seem to be moving along nicely.

This is what what GH said in an interview on Proactive's Andrew Scott as long ago as December, 2019.
“I think, Andrew, the market doesn’t really appreciate what’s happening at Havieron, the speed that things are happening. I also don’t think they appreciate the scale of the system. We come out with results and then more results and more good results and the markets almost shrugging its shoulders. But these results are cumulative, they are all adding to the tons, they are all adding to the ounces. You know they are all adding ultimately to the value of this deposit and the ability of this deposit to potentially generate very significant cash flows for our shareholders in the future and the market, in my opinion, is just missing that at the moment".

That comment is still as relative today after all the further excellent drill results. How long the market can continue to 'shrug it's shoulders' I don't know but I don't think it can do so for much longer.

Newcrest currently advertising for an Underground Mining Engineer. "Reporting to the Mining Superintendent, you will play a key role in the Havieron Project Team and its success with both internal and external stakeholders, and contractors to safely and efficiently deliver the exploration decline to meet the requirements of the Havieron business plan.

Other key deliverables of this role include, but are not limited to:
Support the transition from box-cut to decline commencement
Generate short term mine designs and schedules for the Havieron Project
Assist with the development of a standard planning process for all plans for the Havieron Project that ensures all statutory and safety checks are undertaken prior to their release
Monitoring compliance and consistency between weekly and monthly plans and the project schedule
Contract management activities (including QAQC, compliance, reporting and daily management)".

Newcrest moving at pace.

The following is from an article today by Motley Fool:
"That said, Greatland Gold is still working towards commercial production at its Havieron deposit. It has not generated any revenue or profits yet. For this reason it makes the shares a speculative prospect.
The stock is for those like me who can tolerate risk. Even though the results look encouraging at Scallywag, it could be unsuccessful there. This would be likely to impact the share price.
But for now, I think the Scallywag exploration results look promising. I’d snap up Greatland Gold shares at the current price".
Well, I can't argue with the last sentence.

The copper price is rising steadily and is currently at $9,415. All is grist for the mill as my father used to say.

Also, copper at $9336. Never forget we have lots of that as well.

'Green demand' will lead to increased copper prices according to Goldman Sachs . Hargreaves Lansdown have reported that Strategists at Goldman Sachs have reiterated their 'bullish' stance for a select group of global copper miners, predicting that so-called 'green demand' would drive the tightest balances ever over the next decade.

Their analysts' base case was that the transition towards clean energies would result in a nearly six-fold increase in copper demand to 5.4m tonnes by 2030. Demand would be split between 1.5m tonnes from solar, 1.3m from wind, 2.4m from electric vehicles and 0.2m from EV charging points. "In short, the annual average demand growth from these green technologies could be on par with that from China during a period of high growth in the 2000s," they said. And to prevent the depletion of copper inventories, prices would need to rise. Goldman's new price forecasts were $9,675/tonne in 2021, $11,875/t in 2022, and $12,000/t in 2023, before a material step up to $14,000/t in 2024 and $15,000/t in 2025. The three-month LME copper futures were currently trading near $8,945 per metric tonne.

Now what do those sort of increases in the price of copper do for the value of GGP? Then add in the likely rise, according to many analysts, in the price of gold and the sp of GGP should rise significantly. Bring it on!

Who cares? Although, I have to say that when I see the obvious derampers out in force on this BB it gives me additional confidence. There is no point 'knocking' a poor share only a good one. The fact that they are probably being paid to get people to sell should make people ask themselves why they are being paid to do so. Who wants to get their shares on the cheap? Well, they certainly won't get mine. The gold is still in the ground and whatever games are played by MM's or derampers they can't change that.