Member Info for THE_CHAIN

To a man that has given us his time, patience and knowledge we owe him this vigil. So sorry for your loss.

Lets keep this boars clean and factual in his absence.

GLA
CHAIN

I'm sorry Jack but why on earth would Sean Day come on board for that theory? He was sitting pretty at northern star, why leave for a company that's going to sell out massively under value.....

He has clearly states his intentions to take GGP into a multi billion market cap, you can't go on record saying that then sneakily sell the company to NCM for a pitiful price.

Also, we the share holders and the instos would almost definitely block any such low ball offer.

CHAIN

They have already removed and added... We are in no danger of that. Hence northern star being removed and them rebalancing with a larger weighting.

Bamps wasn't the one shouting about a £3 party.... Just sayin...

GLA
CHAIN

Big buys after hours. Hold the line, come summer the 20p range will be long gone.
GLA
CHAIN

Thanks for the reply Bamps.

GLA
CHAIN

It now seems quite clear from a number of knowledgeable contributors that not only did the IMRE NOT represent all of the SE crescent zone, but also, that in actuality, it only represents a fraction of the top 320m.

We can all see from the diagrams available, that some of the drill holes in this area are down as far as about 1650m, or 1230m below the Permian. That is nearly four times the maximum depth of any of areas included in the MRE. While we must wait a fair while longer for the drill bit to confirm the continuity and grades further down, this is an significant extra volume to consider.



I wonder if someone like Bamps could calculate what fraction of the volume of the SE corner that is shown in these diagrams, is represented by the IMRE?



Is it say 10% of the whole volume (I suspect much less btw) ? Now, I appreciate that this does NOT mean that the number of IMRE ozs could be multiplied by a factor of 10, or perhaps, anything like it. But I do think it might be a useful illustration to the average investor, of just how much bigger and more significant, might be the (potential) overall size of the deposit ……..just in this corner.



I continue to believe that the scale is significant and on the whole, not properly understood

Thanks for the replies and for solidifying this in my mind Hydro, paddy, bamps and whomever else has responded.

GLA CHAIN

That surely, is a Tier 1 mine all by itself ?



I point this out as it seems pretty bloody significant to me and perhaps, not properly understood at this time ? More likely it is me that has misunderstood, I just can’t see how yet.



Have a look yourself and tell me where I have gone wrong. Seems too good to be true…..which usually means it is.

My central question is this……while it is clear from the Dec 2020 announcement that IMRE is for 4.2m Au oz equivalent, it is not clear (to me at least), just what proportion of the SE corner orebody is accounted for in this estimate. I point this out as in my own mind, I have been thinking that it was all of it. So ……again just my own thinking…..if this estimate was to increase in the future, it would need to come from further exploration drilling below 1000m and perhaps, further SE.



Now……if you follow my line of reasoning, see the sentence below, extracted from the IMRE announcement, and the key words…..represents a portion……which I had previously skipped over. Well……what portion ? Was it half ? Most of it ? What ?



Initial Resource Represents a Portion of Mineralised System Footprint: The Inferred Resource is centred on the South East Crescent and adjacent Breccia including a portion of the Northern Breccia. Consequently, the Initial Inferred Resource represents a portion of the currently identified mineralised system footprint (approximately 650m x 350m x 1000m).



Next…….read the following extract, which comes from today’s RNS.



Drilling activity during the period utilised up to eight drill rigs, and the results reported today include 26 new drill holes (completed since the last release dated 28 January 2021) from infill drilling of the South East Crescent and adjacent Breccia Zone. These 26 holes complete a 43 hole infill drill programme (to a nominal 50m by 50m drill spacing) designed to support the delivery of an Indicated Mineral Resource estimate in the upper 320m (vertical) of the initial Inferred Mineral Resource estimate defined over the South East Crescent Zone and adjacent Breccia Zone, and associated studies.



You can see from this that the initially labelled ‘portion’ is now defined as the top 320m of the SE orebody, below the Permian cover ?



Now to me, there are two possible interpretations of this data..



Firstly, maybe the Indicated resource is only going to represent a subset of the original Inferred resource. While I would have thought this unlikely, if it is so, then the GGP BoD need to get out ahead of this news as the Indicated resource will be smaller than the Inferred and might be seen as very negative news.



Conversely, if both the Inferred and Indicated resources cover only the same, top 320m, then the implications might be very positive indeed. My understanding is that we have already drilled to at least 1000m and continue to encounter high grade mineralisation. IF that is the case and IF this analysis is not horribly misconceived (it probably is), then it seems clear to me that with subsequent infill drilling down to 1000m, then there should at some point, be another Inferred estimate, fully three times the size of the IMRE.



So the SE corner by itself, through simple extrapolation, would have around 12.6m oz au eq……..and still be open to the s

I hope bad is right and I hope nap gets egg all over his face Monday. Very poor form.
CHAIN

4m oz Au equivalent jerry?

Can anyone work out the gold copper equivalent for 160kt?

Thanks In advance,
CHAIN

Is our GGP. The gift that keeps on giving.

GLA
CHAIN

Have you looked into doing a bed and ISA?

Paddy, are you suggesting the MRE may be sooner rather than later? Apoligies if misunderstood, skim reading whilst at work.

Chain

Highly doubtful. Minor down turn that will quickly change with the slightest sniff of positive news.

19-20p by year end....And you say we don't know what we are talking about. Havieron alone, if over 5m ounces at MRE with current gold price rising will trash that. Visible mineralisation RNS at Scally, possible further JV on that is entirely possible and will also add significant value. I think this is a subtle de-ramp personally. Those applauding need to read between the lines, and remember what we all know. I personally think the end of this year could be considerably more dramatic than is being suggested.

Benefit of the doubt for now.
GLA
CHAIN

He's exercised his options..... Filtered.

Chrisat...."if we go on mining we may not see a return for years" I disagree, if we become cash generative and IIs jump in after MRE, and the resource keeps getting bigger with each MRE upgrade, and scally hits, then we get another JV etc etc investors will see a good return in good time in either scenario. Only difference is, one is a one time payout, the other is a gift that keeps on giving.

GLA
CHAIN