Chester Part 26 Sep 2020 17:03
Part 2
Greatland Gold's,adjacent to Havieron, fully owned prospect called 'Scallywag' is now being prospect drilled, with those core results ,expected in 4 - 6 weeks, so by early October we will begin to know a little of what the Scallywag anomaly consists of.
If the cores show good ,potentially commercial mineralisation of Copper or Gold we will have a lot to talk about, with subsequent impact on the SP.
We have also seen pictures of the Airborne Electromagnetic ("AEM") survey at Scallywag with the survey extending to cover all of our Paterson licenses.
POG US $$1935 The global situation of Covid 19 stricken economies is massively raising the price of gold , and this is unlikely to change for a considerable period. This will essentially impact directly upon gold mining profitability.
Havieron has been an unbelievably continuous giver of good news , and if it continues to deliver with exceptional grades in this week report and the company is accepted into the GDXJ this quarter, I suggest pinning your hats on.
There is also the future possibility that Havieron will be sold to NCM. This would produce a very significant sum of cash being paid to GGP. There will almost certainly be a sale of 5% of Havieron to NCM at Fair market Value,(a large but as yet incalculatable amount ) also producing a significant cash sum.for GGP. These cash sums may also produce a one off special dividend payment to shareholders.
GGP is also the owner of numerous other potentially rich prospects in Paterson, Paterson East, Bromus, Rudall, Panorama, Black Hills, Warrentina,and Firetower , all with initially indicated commercial prospects,yet to be further tested.
The future looks sunny. I hope this helps anyone who is unsure.
All the best
Chester.