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I'm sorry but this isn't anything to gloat about. The type of market manipulation sows the seeds of then prays on fear and emotion. It's disgusting and targets PI's like the majority of people on this BB.
I and many on here, including yourselves have seen it before, but there's plenty who won't have who've just been taught a very expensive lesson at a time when finances for many are tight and uncertainty for most is at it's highest.
Disgraceful.
Interesting discussion about market cap and valuation on SOLG BB. Comparisons made to Vista Gold.
Taken directly from the SOLG BB....
"GGP are targeting a 4.5m oz resource, of which they own 30%, so their value equates to $746 per oz (Jesus Christ)
I will entertain your targeted 10m oz figure, so 3.33m oz to GGP, that gives a value per oz of $302 per oz.
Vista Gold's Proven and Probable reserves are valued at $16oz
If you think they will be mining in 3 months, which is effectively 1 month after their MRE, then I feel like my analysis is totally wasted as you're clearly on another planet!! :D"
Someones a tad jealous methinks
Bobberoonie. You're asking people to predict the future, based on infinite unknowns. It's an impossible question.
Do some research. Pick a target and stick to it. Or if you're just after somebody to tell you that you're going to make money with your investment pick from the following options:
A) 25p
B) 33.33p
C) £1
D) 12p
All of these could happen. That's the point.
These type of posts are not helpful, and only increase the likelihood of short-term frustration leading to sales. The reality is:
1) The resource in the ground hasn't changed at Hav, and NCM are unbelievably keen to mine
- True, as far as we know. A slight cooling of rhetoric from Biswas in last update but still largely positive.
2) The MRE is certainly going to put Hav in the top 10 largest gold mines ever, and possibly the top 5!
- Pure speculative ramping nonsense. Evidence is promising but there's no way you can suggest the MRE will be in the top 10 ever. It could be anything.
3) Scally is shaping up to be similar, if not larger than Hav.
- Pure speculation. Drilling hasn't started yet. Could just as easily be a duster.
4) The fact a rich bloke sold out really doesn't matter as the resource hasn't changed and the company is sound.
- True
5) You'd be a spanner to sell this.
- Depends on your circumstances and apetite for risk. Despite the constant ramping on here, GGP is not without risk.
Let me caveat this post with the fact that I don't for one minute believe GH has an intention to go underground, and I'm 98.35% sure the application to mine is a smart move and gives us fall-back if a buy out of HAV/Alternative arrangement cannot be reached.
Notwithstanding this, the idea that we intend to go underground concerns me a little. GGP are a (fantastic) exploration company - they are not miners. The CAPEX cost alone (even with a 75% partner like NCM) would cripple us, not to mention everything else that goes along with it.
I truly hope this is positioning from GH in order to secure a better buy-out of Hav, hopefully linked to a farm-in on Scally. If there's any real indication GGP is going subterranean then I'm out. I'm 63.666% sure.
I'm just catching up on the last few days. A lot of talk about how all mining methods are still open but for me Hav doesn't support underground mining. A good underground mine will be at 7-10g/t. Open pit you're at anywhere between 1-4g/t.
Hav's average intercept so far is 2.53g/t. Around double that of Telfer.
I just don't see how underground mining can be viable at Hav. This isn't necessarily a bad thing - it looks like the only thing stopping this is the potential AISC when you consider mineralisation doesn't start until 420m depth.
No apology needed. You're wrong.
The chance of you losing with that bet is always higher than the chance of you winning. It doesn't matter what's gone before, it doesn't matter how much you stake or how many times you stake it. The chance of you winning is only ever going to be 47.4%