Member Info for Stebol

Quarterlies as per Newcrest website. Interims 6 weeks between

I'm inclined to agree JS.
Imagine what a further 80km will give us. Newcrest do not commit to that amount of drilling for the fun of it.

Nice to see PI's hold a huge chunk of this but personally, I don't see any hostile takeover any time soon. I think Newcrest will take a view once PFS complete but happy to be wrong if the price is right

Hi TMT. I take your point re value but there will be a further 80km of drilling before our 60% becomes 30%. That in itself could significantly increase the resource value of our share.
There's a lot of pieces to this particular puzzle. I don't think we'll be letting it go cheaply

I too am delighted to say I have 27,114,251 shares. Unfortunately, they are in a different company. Damn!!

Doing ok here though and enjoying the ride up. Like one or two others, I was 'touching cloth' for a while but things are definitely looking up.

Good luck to all of you

It's becoming like bees round a honeypot - everyone wants a taste of what we have

There may well be something going on but, like everyone else, I've no idea what.

Very comfortable with the fact that we own 60% of Hav, at least until PFS, which is not expected until mid 2021. So, if an offer does come before then, it'll be for a whopping 60% of the resource.

Keep on drilling chaps, it will be adding to our value for quite some time yet

Have to say that's a disappointing post from you mercedesman. I'm quite sure there's a number of investors here also invested in SOLG - it's not a bloody competition.
We have a 'potentially' huge deposit in a safe jurisdiction, backed by the biggest goldie in Aus. We have a very clear path to monetise our asset.
SOLG have a completley feck off enormous deposit in a not so safe jurisdiction backed by 2 major miners and 1 major financier but a totally different way of doing things.
I'm quite sure both will be succesful - having a ****ing contest on either side is a bit pointless
Best regards and good luck

And while I'm on Maison Latour verbal mode, I just wanted wanted to thank JerrySpaniel for an excellent riposte / defence of current GGP market cap vs another.
Very well argued I thought. I'm in both but the strategy here is so much clearer.

The Sprott investment is certainly interesting and ever so slightly incestuous.
I first became aware of, and invested in GGP because of MTR involvement. As many of you will be aware, MTR was / is heavily backed by Sprott.
Nice to see them here. One thing I would say is that although they clearly want a significant return, they don't necessarily want it tomorrow. Historically, once they back something then they stay the course however long it takes.
Terrific couple of days and interims due soon.
Fun, isn't it?? GL all

Agree hydrogen - it's been a long old wait but i think it will be well worth it. Just need the other bird to start flying soon and I'll be happy

Terrific stuff magictrades. Many thanks

Hi stuartw - don't know if it will affect your thinking on MRE but Newcrest gave an indication of mid 2021 for the PFS, roughly when they will have drilled a further 80,000m. I suspect we'll see an updated MRE nearer to PFS but the maiden one could be any time next 6 months

Worth bearing in mind that we currently own 60% of Haveiron.

Valuations still tend to assume we have 30%

badshah13 - he did not say better than Cadia
I love a good presentation as much as anyone and anything positive for Hav is brilliant but this whole re-interpreting of what SB actually said is not helpful.
The project stacks up perfectly well without this nonsense - cherry picking snippets and re-interpreting them is just pointless.
We have a huge resource
Newcrest will mine it
High Grade is x10 better than Telfer current processing
MRE H2 this year
PFS mid 2021
Decline now if we could
80,000 metres more drilling from July
Nailed on Telfer feed moving forward

It's enough, at least for me.

Everything is good here but maybe a bit of patience required. 25p tomorrow or 50p in 12 months. Happy to wait

After PFS would be my guess, but for Hav only. So, middle of next year.

Although if the price is right then anytime would suit just fine

tom, he was talking about Red Chris

EPO??

Is that still at the printers?

Hi Paddy

Yep, more than happy with that sort of figure. Just curious re what will be included in MRE. Have we had any sort of cut-off date yet? You say that any step-outs will not be included and thats fine, but presumably they could still infill and include these if they wanted, bearing in mind that MRE could be any time in H2.

OK, I might have missed something here but GF calculations are from drill cores? What about the rest?
I have no idea of current drill spacing but if its 50 metres, for example, the calculations take no account of all the mineralised metres in between. So really, its just guesswork.
Happy to put my faith the greater knowledge of the experts at Newcrest and GGP.
Nice try though TGF

Hi Coach

You may be right but I too would be happy if you were wrong. There are a couple of reasons, although I accept that one could make a case for any potential outcome.

1. Why would Newcrest pay 'full price' for Haveiron after MRE? They already get another 30% for $45M. They would somehow have to justify any additional cost to their shareholders.

2. Would they risk an offer for GGP when they only own 40% of Haveiron? There are other majors with bigger war chests than Newcrest. Not sure they would want to risk the future of Telfer by potentially trying to save a few dollars going in early for GGP.

It will be interesting for sure, whatever happens.

Regards