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Index Description: MVIS Global Junior Gold Miners Index is a pure-play, global index, tracking the performance of the most liquid junior companies in the global gold and silver mining industry that generate or intend to generate at least 50% of their revenues from this sector.
Exclusive Exposure to Early Stage Companies
Small-cap miners are often in exploratory or early development phase.
High risk but potential for high growth and merger and acquisition activity
https://www.vaneck.com/ucits/etf/equity/gdxj/overview/
Sorry, Frank3h... Nothing too exciting going on. Just tried on Fid and can get an offer at 14.06p to buy.
Definitely sit on hands time.
Frigging heck! Walked away to do a spot of cleaning and come back to NEWMONT...! Sudden checking of RNS.... Can't say I would be surprised, but that would have been LEFT FIELD!!! Almost gave me a heart attack.
Bl**dy Motley Fool...
It's reassuring that 14 is still the new 12. Since Beetroot departed and dragged us (understandably - and with not without various cursings of MM's games and Warrant Holders blues) down, we have stabilised again just where we belong. I cannot wait for the next news. Big buys bode well. 'Excited' doesn't even come close...
GLA. Hold for Gold.
Thank you kindly, Tig, however an miles away. Will save the honours of personal introductions for the AGM. I'm the lad in the corner with the baseball bat and missing teeth. Am afraid Her Majesty is more likely to welcome Mike Tyson than myself.
Interesting how mcfadden's post has been removed, but the thread remains.
Had to check on diffferent device as thought just a glitch.
Mcfadden01.... If you are the ginger Mcfad I know... Careful... Don't mess with The Tig... There are few on here that most will jump to defend, and The Tig be one of 'em. Respect where respect is due!
As an aside, if the sh*t stirrers are back, then something definitely afoot.
Next 2 months are looking amazingly exciting for GGP shareholders.
GLA. Hold for Gold.
Hi, louisgills. Sorry, you got lots of thumbs ups, but no replies. Yup, some here really know what they are talking about in terms of investments and indices. Relax. Concentrate on the minerals in (or potentially in) the ground. If you want to study up, work on this first. For everything else Investopedia or Google works great. Steep learning curve, but you've made a great first start in GGP. Well done! I genuinely get excited every single day thinking about my investment here.
BoL
I guess I am as excited as everyone about SW drilling campaign.
However the other aspect of the RNS I am (really, really) excited about it the aeromagnetic survey that is planned.
"AEM Survey:
· Airborne Electromagnetic ("AEM") survey has commenced, covering 1,033 line kilometres across the western portion of Greatland's Paterson project.
· The survey aims to identify conductive responses related to massive sulphide mineralisation across western parts of the Havieron and Paterson Range East licences, and the whole of the Black Hills licence."
We already have geophys info of the tenements, but looks like Callum wants more detailed info.
For those with time on their hands and an interest, I have found this Australia Society of Exploration Geophysicists free e-book on interpreting aeromagnetic surveys. It's sad, but really interesting...
https://www.aseg.org.au/sites/default/files/ebook-ASEG-eBook-Geo-Interpretation-of-Aeromagnetic-Data-Opt-for-user-1621.pdf
GLA. Hold for Gold.
Hi, harts....
Have a look here.... I've recently given up the fags.
https://pbs.twimg.com/media/EelCFelXgAEyEji?format=png&name=medium
Enjoy.
Eggg.... I think it's a nice article, but like most journalism, it's an opinion.
I though SB was still upbeat about Hav, and certainly the journalists were only really asking about that project.
"Yup, Red Chris, Lihir.... OK, now about HAVIERON...."
Probably Peter Ker has SOLG shares and may be p'ed at the upstart. Who knows? Maybe just trying to be controversial.
The article definitely has its merits, even though the evidence on the ground says otherwise. In which case, I continue to remain bum-finger-chair connected. Christmas is coming, but I think it's coming early this year.
GLA. Hold for Gold.
Schlemiel, some nifty Print Screen moves captured that article. Then very poor transcription by cheap labour - apologies for the typo's.
“We are after margin, not ounces and we don’t feel the imperative to fill the (volume) gap at ay cost,” he said on Friday.
But Mr Biswas did not rule out more acquisitions despite needing to invest heavily in Newcrest’s existing growth assets.
!I think Newcrest is unique in terms of it actually has a growth profile,” he said.
“In this industry you don’t know when opportunity comes knocking, we still have a strong exploration profile and we are still talking to a plethora of junior companies.”
Standard and Poor’s said Newcrest’s strong balance sheet should be able to cope with the imminent rise in capital spending on growth options in Canada and WA.
“Healthy free cash generation ad a strong balance sheet should support the company as it enters a period of growth and likely higher capital intensity,” said the ratings agency on Friday.
Newcrest reported a $US647 million ($905 million) statutory profit that was better than analysts had expected and weighed down by $US103 million of impairments and charges.
Shareholders will receive a US17.5c final dividend, taking the total dividends for the year to US25c.
The payout was 14% higher than last year and means Newcrest shareholders have received sequentially higher dividends in each of the past 5 years.
(END)
Peter Ker article:
High gold prices could provide a lifeline for WA’s Telfer mine, with NCM considering an option to extend its life by investing in the extraction of ore that was considered sub-economic.
The study into extending Telfer’s life comes as many Australian miners raise the internal gold price forecasts which are a crucial input when disclosing to investors how much gold they can extract from mines in future.
Mining companies can extend the official lifespan of mines with the stroke of a pen by adopting a higher gold price assumption, which also less viable geology to become part of a mine’s official “resources and reserves”.
Northern Star adopted 1 17% higher gold price of $1750 per ounce on Thursday for official calculations of its qualified gold reserve, and 1 29% higher price for the calculation of its gold resources: geology classified to a lower level of confidence.
Australia’s third biggest producer, Evolution Mining, raised its price assumption for gold reserves in February from $1350 per ounce to $1450 per ounce.
Despite ebing increased, both miners’ reserve price assumptions are conservative compared to the $2734 per ounce that gold was fetching on Friday in Australian dollar terms.
Fresh from reporting Newcrest’s best profit in 8 years, chief executive SB said his company had not deviated from using US$1200 per ounce to calculate its gold reserves, but he said the future of Telfer could look much rosier if current gold prices were assumed.
There are resources [at Telfer] that are not in reserve that could make sense at higher prices. “We are right in the middle of evaluating that right now, whether there is another cutback that we could or should be doing at Telfer, taking advantage of the current high pricing,” he said on Friday.
Newcrest spent $93 million doing what was expected to be the last “cutback” at Telfer in 2017and 2018, in works that extend the mine’s life to about 2023.
Telfer was expected to close in 2023 unless the nearby Havieron discovery could provide a new source of high grade gold, but Mr Biswas’ comments on Friday suggest high gold prices may reduce the urgency surrounding development at Havieron and trigger further investment in Telfer.
The decline of Telfer is one of several factors that are expected to crimp Newcrest’s gold production in the next 5 years, as its flagship Cadia mine is also past peak production and the Lihir mine in PNG is working through several years of unattractive geology.
Newcrest’s gold production was 12% lower over the past year than in fiscal 2019, and could be up to 22% below fiscal 2019 levels in the year ahead.
Mr Biswas has acquired stakes in assets in Ecuador and Canada in a bid to offset the declines in its existing mines, but those options will require several years and large amounts of investment before they start delivering gold.
...
Out of interest I just looked at Newmont. They use the US$1200 figure, but more generous $1400 for their Resources estimates.
Has anyone seen a FMV calculation announcement? I did do a search before, but came up empty handed. Would be interested to see some real life figures to put things into context.
Hey, Frank.
You'll get on fine here. They're not a bad bunch. Some just thick skinned and others a bit touchy. But the level of contribution and quality of research is par none.
In answer to your question, the consensus is 'yes', but as to how much....? We will know by Xmas time. Some (me included) are thinking October. Either way, there is a nice bloke called Sandeep who is going to dig a hole for us. A proper hole. We're going to get that hole at a discount, but, well, you know nothing is free in this life, so am sure he'll find some way of making us pay for it later. But that's in the new year, so just sit on your hands for now. Gonna be a bit unsettled here - it always gets that way around planned announcements / updates. Traders turmoil. Then it will settle again.
And watch out for Fenix. She is a REAL pro...! Will try put the cat amongst the pigeons and wind you up.
Patience here.
GLA. Hold for Gold.
Frank...? Don't you watch Aussie Gold Prospectors? CB and GH are stars! Mega-Stars!
Check out the GOLD:
https://greatlandgold.com/wp-content/uploads/2018/06/Black-Hills-field-samples-201
Loads of pics online of the 2 of them with them metals detector and wee little shovels.... Running all over the outback digging up hunks of gold.
Stars, mate, STARS...! This is the biggest television investment at the moment. It's huge. GGP is gonna make ITV look like a minnow. Where else can you invest in such quality television prductions???
Good Luck with your investing.
ATB.
Hi, JJmack. Folks have made the comparison between GGP and Great Bear Resources before, in reference to the dramatic growth in share price. But what Great Bear have done is drill, drill, drill.
https://youtu.be/Kum4NjX6VNs
Great interview with Chris Taylor where he discusses this. They are in a position to release an MRE, but they choose to continue drilling to fully extend the known size of their discovery. And in that respect they control everything and put themselves in a very strong position, reflected in the SP. But even he says that with a large resource discovery no junior can independently become a miner. So, moving forward, if SW is as big as the data would suggest, realistically I would hope that GGP drill the nonsense out of it, funded by our share of Hav (either from our 5% sale), or, as Mickey just suggested, from the sale of our 30%. And then comes the deal of the century....
GLA. Hold for Gold.
Hi, RA.
I'm glad TMT got in ahead of me...
SW is our Ace of Spades... If Callum can prove that SW is another find of note, even if some of our 5% FMV has to pay for the extra drill rigs, then it's nearology to Havieron will project us into the realm of full buyout...
RichGas, check the link.... From GGP website Geophys. Love this one.... It shows SW in relation to Havieron. Spend some time researching the GGP website - full of info.
https://greatlandgold.com/wp-content/uploads/2019/10/Scallywag-ground-gravity_2DIP.jpg
Regards
SoS
Hi, RichGas
From the GGP website.
MMI results from 2018: "Highest results returned from MMI sampling were 8ppb silver, 50ppb arsenic, 0.4ppb gold, 480ppb cerium, 2750ppb copper, 280ppb lanthanum and 240ppb lead."
Yes, there is gold.... But there is coppper.... Maybe there is a bunch of holes with some nice rocks... Ask me this in a month's time and maybe I will be able to let you know.
But it looks great....... There is definitely SOMETHING there....
I'm like a puppy with a big meaty bone in front of it waiting for the boss to say "Good boy!".... Bring on SW drill assays!
(Blatant ramp warning)
GLA. Hold for Gold.