George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Sureasblazes .........Just stick with it S as B. It aint a million miles away now. You are not alone in sharing your similar views amongst we LT , patient , courteous , uncomplaining, expectant, hopeful, anxious, holders.
Tig
Always a welcome contribution Zoros. When overlaid above the the Lassonde Curve , it fits pretty neatly , and as an almost guaranteed , hugely successful exploration discovery ( Tier 1 - 8.4 Au / Cu Equiv. M ozs, ) turned developing miner , with major miner JV , and potential buy out in the offing, then GGP is shortly going to take off.
Lassonde wise we are through from the early penny share explorer , through the exciting discovery days ( large spike - 39p ), the disenchanting post spike drop ( the Ishouldavsoldemers ), then all the Orphan period, background confirmatory work, size / boundaries , drills, suitability to mine , preparatory planning etc. etc , with a comfortably oscillating predictable flatlining SP ( 5p - 10p ) .
Now approaching the development part of the curve where the SP will turn North and should head back up towards 39 SP again . GGP is a specimen Lassondy.
Lots of good news and catalysts to be expected in Q2/Q3/ Q4 - as per Zoros. With the BIGGIES Q4 - 24 ( first ore ), Q 1 - 25 ( bulk production and FIRST CASH FLOWS ). It will all be worth the final wait. And the SP back up where it belongs. Those with flash automobiles and country mansions in mind can start their planning. For me , - just contented happiness that I have hit 85 and can give all the grandchildren a tenner for Xmas.
Plus of course a second emerging prospect.
Happy days.
Tig
@ Lebugue... on a very quick resonse , that amounts to B$$ 15,800,000 just to take the top icing off the cake.
And keeping the calculations simple , and forgetting to wind up the clock, that comes to roughly ...........B$$s - 15,800,000,000 over the first 10 years.
Should be enough there to pay we poor and feeble LTH's , a modest Dividend.
Tig
I have listened to the quarterly Update - thank you Liam.
My summary / interpretation is that there is not a single word of negativity spoken. ( only degrees of caution ).
We have one of the finest AU / CU , and largest high grade discoveries in the safest jurisdiction on the Globe , and it is getting ever nearer to the mine and the revenues.
We have a potential 8.4 M ozs mine, ( Havieron ) , it may possibly be bigger, the grades are well above average, in fact superb , ( did SD say 3.5 g per ton ? ) . The high grade eastern brecchia is linked to the other two beautiful areas of ore, we have 1000 metres of ore depth, and maybe more , ( how many g. per vertical 1 metre depth did SD state - I missed it ??? but it is huge. ) we are 100 days ( approx. ) from hitting the top of the ore body , we are quarter 3 from the probable FS and subsequent DTM. ( these will be the explosive catalysts ) . SD always speaks cautiously , but always now decorates his caution with a hint of near certainty.
It is ( certainly ) going to start happening this year - quarter 3 / quarter 4.
And I have not forgotten Scallywag. Hints of a second discovery of AU/CU/ Nickel. A bit more patience for that.
The only current difficulty for we LTH;s is the static SP , but only patience is required for this to self resolve , though I am personally surprised that The Market has not recognised the final upward trajectory of Mr Lassonde's development curve and has not already activated some movement. But it will , - and if it follows the historic pattern, then we should be back up to the 30's.
And SD seems pretty content that we will remain in good and agreeable company with Newmont , unless the offer is so big , it could not be refused.
LTH's - please add in any detail omitted, or any correction.
Liam - prepare thyself for Quarterly Report 30th April. We should be then looking at a much more detailed and specific agenda / timetable.
SD keep the wheels turning and well oiled , and the drill bits sharp .
Tig ( I just pray that I am still around }
Zoros , am delighted to have courteous correction . I am a simple , ageing soul, not an accountant , ........ these are the figures that I see that keeps me sane and confident. You are one of the Board contributors that I always read and respect.
Tig
Sitting at my desk this am , doodling , and quite recognising that any share value / SP calculation can be total pie in the sky , I knocked up the following , using rounded up constituents. POG $2000 above ground , ore in the ground $600 , 5 Billion shares , MRE 8.4M ozs . I am well aware that all the constituent figures can be argued up or down , but the excersize was merely to stimulate a slightly bored brain with some simple values. Am happy to have them reconstructed.
My calculations for mined gold above ground resulted in a value of $3.36 per share. That seems pretty good and would notionally make me a very healthy Millionaire.
When I stick my head below ground I am scrabblig with about $1.00 per share.That also seems pretty good and makes me not at all unhappy, - still a millionaire of sorts. Were anything exciting to happen , Fred 16 and I might rouse ourselves and have another Stag Gang night when / if the sun shines again .If the SP is right , it will only be £250-00 per head in the kitty;
And we will try and get Shaun to attend.
No recognition made of our other prospects, though my instincts tell me that soon we probably will have another mineable prospect hanging around somewhere . E.G , Scallywag , ??? and that would certainly support an increased value for our stagnant SP. I am hoping that 2024 will provide some stimulating data , that will rouse me ( and many others ) from my impatience.
Tig
I do not have sufficient knowledge to provide an ETA for GGP, - I wish I did;
Only rumour and hope that it will happen/ commence this year I / we can only await the next RNS from GGP .
As an investor , I would like all companies to issue a regular monthly or 2 monthly update statement on the company progress, but most seem reluctant to do so. Faith and patience are the only answer I am afraid.
Tig
What matters is when the decline hits the ore body and ore arrives at the top of the boxcut , and it goes through the processing plant at Telfer and GGP start banking the proceeds ....... Revenue .
It is not that far away. It is going to happen. Then the SP will respond . Ore in the ground has little value. AU and CU rolling off the conveyor is a very different matter. P.M Harold MacMillan used to say .....""Events dear boy. Events.""
Tig
https://www.theguardian.com/football/2024/jan/18/s****horpe-back-from-brink-michelle-harness?cmp=share_iosapp_other
if this does n ot bring back a sharp uplift in au , then n othing will.
tig
Just another researcher reckoning we are on a rocket to the stars. I cannot argue with them; Just your cup of tea Speedie
HNY
Tig
https://orders.stansberryresearch.com/?cid=MKT777805&eid=MKT781718&tid=11bab4af4b70413c8ece2723d67313c5&affid=FNX4R&assetId=AST325327&page=2