Member Info for thelearner

Bamps - am I right in thinking the value of any other minerals that can be commercially extracted will only be know after the analysis of the samples and processing methods are completed ?

I know we are getting assay results from the lab done on the drill cores - do these in exploration look simply for gold and copper or do they look for everything?
https://www.angloamerican.com/futuresmart/stories/our-industry/mining-explained/mining-terms-explained-a-to-z/assay-definition

The mining application requires a mineralisation report - and this should contain all the details on the size and limits of the orebody and the minerals it contains?
https://www.dmp.wa.gov.au/Minerals/Mineralisation-Reports-and-2284.aspx

This pages gives links to existing mineralisation reports https://www.dmp.wa.gov.au/WAMEX-Minerals-Exploration-1476.aspx

say reports cannot be downloaded in chrome and maybe not too user friendly - but have to go now as other things pending

I would also like something to track everything instead of an excel spreadsheet - looked at the morningstar stuff - I'd prefer a software package I could run on my laptop - many US tools - but UK ones seem less readily available?

I also do not like the move to subscription based services - would prefer to pay for a package that will last a long time - then have upgrade options if required. Maybe just have to stick with excel.

Must admit - due to work and lack of time i do not really read the HL investment reports - which do contain good information - I'd just like simple dashboards that shows how investments are performing - HL shows me % gain or loss - but not over time on a simple dashboard.

critical for SML is the annual renewal of the Cobre contract - think this is due in February?

I took my first foray into TSX through HL in March 2018 (SUP Northern Superior - Junior Gold Explorer). Sometime later - the cpy did a 10:1 consolidation, and also changed their UK/Canadian broker or handling agent. My shares and capital were completely frozen for at least 6 months while HL had the nominee shares transferred from the old to new broker/agent - and when it was sorted can only do phone trading on this share.

Now the price bombed mainly during this period - so I could not get out, but luckily it has more than recovered - but made me nervous now about small shares in foreign markets.

Just to be aware - their are hidden risks and pitfalls. Since then I have never bought another foreign share.

Bamps

What if Goliath does prove to be so huge, and NC van easily own 75% - they decide they don't need to concentrate on anything we may find and own 100% of on Scallywag?

Like StellaBob - I also think GGP/NC are made for each other - I just want to ensure GGP get fair value. Like many I was initially unsure about Juri JV - until many on here explained the probable valid reasons - and getting drills in the ground this year will be great.

Could the Paterson area be too big for NC on their own? Lot's of speculative thinking here - much drilling required in Paterson.

Regarding Mergers and Acquisitions - I do no know - interesting article which touches on the Sprott philosophy - avoid investment in majors - as POG increase will not bring huge returns - and invest wisely in Juniors - with the potential to provide much greater returns, as these juniors or their assets will be bought by the majors, who typically have reduced exploration expenditure.
https://www.aheadoftheherd.com/Newsletter/2020/How-mining-MA-is-starving-juniors.htm

https://aheadoftheherd.com/Newsletter/2019/gold-m-a.htm
Interesting in this article - Nevada - where Newmont and Barrick between them have 76moz, and both agree if mined by one company significant cost savings can be made.
So if PRE/Scally and the others in Paterson have a lot of high value targets - why would NC not want to own them?

From NC site - "Newcrest dates back to 1966, when Newmont Mining Limited established an Australian subsidiary, Newmont Holdings Limited, which subsequently changed its name to Newmont Australia Limited.
In 1990, Newmont Australia Limited acquired Australmin Holdings Ltd, subsequently merged with BHP Gold Limited and changed its name to Newcrest Mining Limited.
Newcrest has a strong track record of discovering major deposits over the past 15 years, including the deposits at Cadia Hill, Cadia East, Ridgeway, Gosowong, and the O’Callaghans tungsten and base metals deposit.
In recent years, Newcrest has placed significant focus on investing in strategic research and development of underground bulk-mining technologies from early concept studies to full-scale trials. Through this investment, Newcrest has advanced the technical development of caving mining methods with current application at Cadia and Telfer, and planned application at Red Chris and Wafi-Golpu."

Las year NC paid $806million US for 70% share of Red Chris. No expert am I - and this page has from Imperial https://www.imperialmetals.com/assets/docs/ops/reserve-resource-summary.pdf proven and probable reserves, measured and indicated resource, and inferred resource.

POG has gone up. The only figures we are likely to see for Haverion are Gold and Copper - any other minerals will not appear until later.

So yes, I think NC would ne interested in acquisition or Merger - depending on what there is in Paterson - they would not want to see it going to a competitor. But pure speculation on my part - and we will not really have a fair idea of what is in the ground even at end of 2021 - will have a better idea - but will need loads and loads of drilling.

My first buy April 2019 at 1.68p. 4 further buys in 2019, at 1.72, 1.85.1.70 and 1.65
2020 I bought at 2.55, 3.86, 4.86, 8.24, 5.19, 7.43 - then I paused (mistake) and bought at 19.48, 21.95, 22.71, 22.7, 22.7, 29.39, 29.35. I sold some other funds and stock to make the later buys in our ISA's and my wife's SIPP.

Only thing that stopped me divesting other funds and stocks was a reluctance to put all our eggs in a single basket - I think I may regret that. I have other AIM investments, 2 quite large, SML where I am way under and I should have sold and moved to GGP, CNR which I am quite happy with and ahead, and NSUP - not so large an investment, but doing very well.

However GGP hopefully will be lifechanging for my family. And for many others. Very happy where we are at, have not sold any, and as I have always said, I think will take 2-3 more years for this share to show max value - unless GGP get bought out - which I think is a real possibility - but all depending on results.

My first target when I bought first was 10p. In the first half 2019 increase that to 20p and then stopped setting targets. I am actually astounded where we are now, but I think Haverion will end up with MRE at least 5x the initial MRE. The rest depends on exploration drilling results - we have seen the difference a year of intensive drill has made at Haverion.
I am not sure that pace could be maintained at multiple targets - and could not be maintained by GGP - would need to be JV driven. Maybe 2 targets per year, if we are lucky enough to find some more monster targets. I am optimistic.

Kempey, by 2030 we will all be buying electric cars, but not necessarily all cars will be electric. 2040 most cars will be electric.
I don't think we could build 7 large nuclear power stations by 2040 - but we may go a different nuclear route
https://www.rolls-royce.com/products-and-services/nuclear/small-modular-reactors.aspx#/

We definitely have the capacity to increase wind hugely - offshore and onshore - personally the onshore ones do not bother me - we need green power - the world will not go back to using less power.

Chris Harris spoke about the peaks on the grid, but smart controls will smooth those peaks out, and I think in next ten years most of us will have a sizeable battery bank in our house.

Of course all those batteries need a lot of minerals and manufacturing - and a lot of mining.

I liked the hydrogen Hyundai in the video. I looked at full electric cars recently - expensive with range too low for me. OK for everyday use, but not when we want a holiday or weekend away.

Some info on the Hydrogen Fuel Cells in Aberdeen - currently used for buses
https://www.aberdeencity.gov.uk/services/environment/h2-aberdeen#:~:text=The%20city%20will%20be%20the,be%20delivered%20in%20Autumn%202020.&text=H2%20Aberdeen%20is%20an%20initiative,in%20the%20Aberdeen%20city%20region.

I agree Hydrogen is exciting - needed for heavy vehicles - but long way to go. Beauty about fully electric cars is everyone can charge them at home. And building charging infrastructure should not be too hard or costly - as we have electric already everywhere with the grid.

Wishing all greatlanders a healthy (most important) happy and prosperous 2021. I have no concerns about our SP increasing, but impossible to predict by how much. Will depend mostly I think on Scally results, Haverion increasing MRE with infill drilling and PRE exploration, and gold price.

Thanks to the really informed posters on this forum who share their valuable research with us which has made is easy for me to "sit on my hands" and add more as the year has went on.
Also to GH/CB - who have made GGP a wonderful success story.

Really great board - thank you all.
I would normally say happy hogmany, but not this year - my thoughts are mainly with those on NHS and Care Sector front line who are having a torrid time. Vaccine rollout is incredibly important, and now made easier with Oxford vaccine which is stored at normal fridge temperature. .
Achievement of the year, and probably the decade, is to all the scientists & medical professionals who have researched Covid, found better treatments, developed vaccines, and those who have worked hard all year in the NHS. Thank you to them.

Bancal, Bamps. For the first time ever I think, I went off the GGP topic, and posted several times on the Scottish Independence theme. I guess only because it worries me so much.
I have seen many other similar type discussions before so did not think any harm being done, and all posts removed.
I will be more than happy if that continues for other non GGP related subjects.

Like anyone else invested in GGP I want the share price to increase - it's why I invested here - but I have been handsomely rewarded so far.
I also want any share price increase to be justified and sustainable - so I know I have to be patient.
Things that will move share price upwards in 2021.

1. NC drilling result quarterly updates - hoping with these we keep increasing the MRE - and hopefully finding more commercial mineralisation - but all this drilling is going to take time. This will probably be the biggest mover of share price - but will take time.
2. Progress with decline, the FS and decision to mine Haverion.
3. What we are all waiting for Scallywag results - but not sure going to have huge impact - regardless of how good they are - we know we will need to do much more drilling. Then further drilling results might improve SP.
4. PRE drilling results - same as above really.
5. Scallywag JV - hopefully at much better terms than PRE
6. Takeover activity - if Scallywag/PRE initial results are stunning - then somebody may decide to move early for GGP.

When stage 4 is complete - NC lose the first refusal on JV's with GGP.If Scallywag is good - GGP may negotiate with others - to get better terms - Telfer is right on the doorstep - so NC are obvious partner - but we should not be giving away a huge %.

2021 will be interesting and bright - there are bound to be fluctuations in SP - some will take profits and move on looking for the next quick return - GGP will require time to deliver max value. Unless takeover bids start coming in.
Merger with another Co - I guess not out of the question either. Depends on exploration results at Scallywag/Rudall.

GLA for 2021.

DVH - I think being held back by the uncertainty of why this venture has failed twice now.
Previous owner could not make it pay - then our BOD announced they had done all the analysis required to ensure the process would work and produce "a tsunami of cash" - and guess what - failed again - after spending much more money on it than was ever forecast.

Lupidog - my background is also Oil & Gas but getting it out of the ground and processed and into export pipelines. Enjoying your posts - and agreeing with them - but unfortunately have little faith now in our current BOD - Peter W being the exception.
However - I for one would be delighted if you predictions come true - would get me past break even - I am just hopeful of even a smaller loss than I am currently sitting on.
Cobre is good and helps cover the running costs of the company - but we rely on annual contract renewal early every year - approaching again in 2021 - we really need this.
I think Redmoor is a great asset to won - but JV will be the only way to get this into production - we don't have the cash - LC was supposed to pay for this.
Hanns Camp - could still be good - but no cash to do anything with it.
LC - well that is the million dollar question - will it ever make any money? Our position is quite weak when negotiating JV - although the increasing copper price should help.

Short term I am not that bothered - have always been here for the long haul - a lot of sensible posts this evening.

I bought again last week -think at about 30p - cannot remember. What Merc says is correct about things that will drive price upwards - I bought as I think Scally news will be positive - but who knows.

Unable to keep up with the board - really would like more insight into why GH has decided to depart - and hat he is going to do next.
I have no doubt Hav is going to keep growing - only positive news to come from there.
Our other blocks - we will have to wait until the drill is in the ground at the others - and soon we should have news on Scally.

Been evacuated once due to Hurricane in Gulf Of Mexico in 1987. Highest wind speed I ever saw in Northern North Sea was 124 knots - the sby vessel was head on to storm, full ahead and was 6 miles south of us next morning - respect to those guys.

Oilmonkey (I am one too) - feel exactly the same as you and in almost the same place. I also have averaged up from my initial buys at 1.6 - my average is now 4.3p - even after my top up yesterday.
Every time the drilling results came out - I just could not believe how Hav has kept growing.
The Juri JV - initially was concerned about how much we gave away - for what looked like so little - but the wiser than me folks on here have reassured me, and I have complete faith in GH/CB and the GGP board.

I also have to keep reminding myself we are partnered with a world class deep mining company who are leading experts in block and panel caving - and every time I look at the Cadia story - it reinforces this. This is something you cannot put a value on.
Oh yes - they also have Telfer desperate for some new high grade feed.

I now look forward to Scally results - and like us all hope they can also be outstanding - but also realise the risk that they may be not good or ordinary - but hopefully outstanding. I am also sure even if outstanding we will JV with someone - but at much better terms once we drill more funded fully by GGP next years, with many companies including NC looking closely at drill results.

I should have added I have mentioned CNR several times over there - but the BB is so busy - I don't know who can read all the posts.

Some people consider it ramping, and some do ramp blatantly - I would not put you in that category - I think you are sharing a good investment opportunity.

Amazingly Andrew - I saw your post on the GGP chat - I cannot keep up over there - it is much easier here.

I think both companies have bright futures - but are very different, GH had to give up a lot with the JV's with NC, but he is partnered with a leading underground miner with huge expertise in Block/panel caving, which is required there, and drilling expertise- and they have a mine sitting waiting. This is the sort of thing it's hard to put a value on.
The speed NC are going at is incredible. I bought more there yesterday and very happy to do so.

I am also though considering a top up here - but have to sell something else first - ISA allowance all used until April.

TMT - my condolences on your devastating loss - there are no words that can really help you now - and time will only make the loss easier to bear.
You were both blessed to find each other, and have all those wonderful years together, and I am guessing have a loving and wonderful family who will be there to support each other and to support you going forward.

For the moment - concentrate on family - do not be lonely - if you need to come here and post - do it. But most importantly spend time with the people you love and who loved your wife.

In my thoughts.

Reading with interest. I have been in both GGP and CNR for q while - CNR longer.
I sold some other mining stock today - and bought more GGP - I still think there is some significant upside there - was tempted again here - but hard to buy. Only time will tell if I made the correct choice (and Scallywag results)I want both companies to do brilliantly. I am 50% up on CNR due to averaging down in the poor days, and 750% up on GGP - due to being in early.

The GGP MRE is only based on a part of the mineralised zones that have been drilled - is open in 3 directions and at depth - and IMHO will grow by another 3x at least. Haverion will be 30% owned by GGPO at end of JV. Toll mining is included in the JV already - so no negotiations needed. The ore is going to the Telfer mine - NC need it badly. Ore will be out of the ground is 2-3 years at latest could be quicker. It does take more time to establish an underground mine operation than a shallow conventional mine.

CNR have huge potential - no doubt - but are on their own - and it has been difficult - but hopefully we will be producing gold shortly. The political/geographical risk is definitely greater here than in GGP. I'd like to see more drilling and proving up of resource as soon as possible.

GGP have a world class partner - initial Capex for underground mining is high (not so high at Haverion as Telfer mine is paid for and waiting) but Opex is low - Cadia AISC is under $200, but possibly more copper at Cadia,
GGP have another JV with NC, but still own 100% of other highly attractive targets - and await the drilling results from 4 Scallywag targets - could be very exciting - but also could be a dead duck.

GLA - hopefully positive times ahead for both companies.