Todorok's Outlook For GGP30 Apr 2021 23:32
I thought I would try and get a response from Steve Todoruk from Sprott Global regarding his current thought's regarding GGP. So below I have posted the email I sent to him and also his reply. Make of it what you will.
Fri 30/04/2021 11:08
Hi Steve,
Thanks for your updates regarding Chalice, Greatland & Castillo Copper, but i'm asking you for your latest thoughts of where you see Greatland Gold (GGP) in the next 1-3 years. Are you still positive about the company and do you still see a buy-out being the most probable outcome.
Thanks in advance.
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He has just got back to me with his reply.
Steve Todoruk
Fri 30/04/2021 20:55
Hi #############.
Greatland Gold – One of my current big wins for my clients. This is one of the top new discoveries of the last 10 years. JV partner – Newcrest Mining, announced a maiden resource of 4.2 million ounces of gold equivalent. The deposit is wide open so as Newcrest continues to drill it while they soon start driving an underground decline, I am certain the deposit will get a lot bigger.
Newcrest should take them over but if Newcrest feels the takeover would be to expensive, the worst case scenario is that Newcrest starts mining this very profitable deposit and doesn’t takeover GGP, then Newcrest will have to share 25% of the profit from the mining operation meaning GGP turns into a very profitable miner and would be re-rated accordingly.
So as he see's it, it's a no brainer to hold for gold.
Good Luck and have a great weekend