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Think people are not in the position to wait until December. GGP is the best explorer but can you make higher gains elsewhere over this time period.

SB probably gambling on other gold stocks.

Anything precious metal related will fly from now. Jurisdiction will matter and Australia seems to be the safest at the moment. Going to go crazy!

Where is the price of gold heading?

These Aussie miners are becoming more and more attractive as gold goes up. I cant see sentiment changing until at least November with the US elections. Been accumulating personally and will continue to do so. There will be deals made and drills commencing throughout this period.

Gains could be huge

Thanks for posting @napthman. Interesting interview emphasising the common belief but with estimated timeline. Greatland looking like solid investment over the next year

Absolutely agree with @Redleader. This is just short term trading. I do understand this as some need to trade to make money. However, you will risk upcoming RNS on Scally drill campaign and potentially other announcements

Think ECR are a good investment from this point. Especially with POG on the move.

Will be sticking to Oz miners personally. Jurisdiction is clearly favourable and have learnt a lot from Greatland investment

Can see Greatland buying ECR at some point :0)

@aim-sickness, hope it catches on as hope to invest in other shares at some point as wont be retiring off GGP unlike many deserving investors.

Very true Lebugue, we may become the 'independent' exploration arm of Newcrest

Interesting to see if other exploration companies follow the GGP model. Its not complicated but does involve transparency which has won the trust of shareholders. The excellence in Greatland for me is with the geologists and research.

Will we get a POG surge today from the US?

The agreement we have in relation to toll arrangement will influence the figure we regard as price of gold in the ground. This is especially with the knowledge that Newcrest will be using block caving mining at a much reduced cost.

Tom_the_bomb, very good points. A great position to be in.

Its very interesting. Even after hundreds of valued posts by informed and well researched contributors i still havent got a clear picture on Au value in the ground.

Since we are informed that block caving is to be the methodology of mining the toll arrangement will provide the highest value. Based on this Newcrest would need to pay a very large premium for the 25%.

The 5% at fair and reasonable value may be considerably lower as it in effect ignores the method of mining. However, with Scally and the remaining 25% of Havieron under consideration a good price will no doubt be offered. But what price?

Is this assuming Newcrest purchase the 5%?

We should get a more detailed plan on drilling at Scally in the next couple of weeks at the very least. Am intrigued about timing here with respect to Havieron MRE release.

Only need to prove mineralisation to ensure further value consideration and GGP would want to release this information as close as possible to Havieron MRE news.

So with this in mind think we will have a little more time to wait.

Really interested in the results of 'red' drill results between 'cyan' and main area and step out to the North to the edge of the tenement as per Paddy's marvellous illustrated maps. Hoping this drill will provide reasoning for further drilling and delays. Its so tragic being forced to wait for value to be added.

Newcrest will want it all but this puts Greatland in such incredible position. I hope we accept (if it is made) the offer for 5% and stick to toll arrangement as long term would be great value. Maintaining involvement in Havieron will add leverage to negotiations of other sites.

Although immense short term gain wouldn't be the end of the World.

Which is why it so important to get those Scally drills done asap. My only concern is that 5% although i cant see Newcrest not purchasing it as they will want first rights to Scally.