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Phil & Kevin talk briefly about Greatland Gold, and generally about the current disconnect between miners and gold/copper prices, as well as the likes of AIM/Aquis...

Starts around 55:00 MINS up to 59:00 MINS

https://www.youtube.com/watch?v=qvskhc7MGsE

Thanks barna! Interestingly that's the sale that Tom Palmer cited last week in an interview with KITCO, when he was discussing the six current assets for divestment:

"There are six assets that we've listed for the investment, or what we call for divestment. Every single one of them are high class assets, each of them have great teams, but they are tier 2 assets, that means that their their production profile is not going to hit our T1 definition so they won't get the management time and the capital within a Newmont portfolio.

So when we look at what's best for those assets, where those assets are going to realise their full potential it's an opportunity for those assets to be cornerstone assets in another company's portfolio and those teams and those bodies can realize their full potential potential.

If you look back at Newmont's track record over time we divested .....into Northern Star and Northern Star today is a great gold mining company in the Australian context, has assets that were in the Newmont portfolio that are getting the time and attention within within Northern Stars portfolio with kcgm the super pit being their their core asset... why when it's the single asset there are many many good stories of Newmont assets finding a home in a portfolio where they can get the time and attention and deliver value for shareholders and and deliver economic livelihood for workforces and the surrounding communities."

https://www.youtube.com/watch?v=rTh-ZsKpna4

Boom!

I'm betting on this one being the big winner later this year...

https://www.racingandsports.com.au/thoroughbred/horse/havieron/1566145

Https://wishbonegold.com/wp-content/uploads/2024/03/WSBN-RNS-240315-Drilling-Drilling-Suggests-Large-Sediment-Hosted-Base-Metal-Mineralised-System-92pr.pdf

Greatland & Rio working together on another new project? Who'd a thunk it?

PATERSON MANOEUVRING

The two big players in the Paterson are Newmont with Telfer, following their acquisition of Newcrest, and Rio with its 7.9moz gold, 2.9mt copper and 51moz silver Winu development project. Antipa are working with both. As part of Newmont’s portfolio optimisation, Newmont stated it is seeking to divest six non-core assets including the Telfer gold copper-silver mine with its 22mtpa processing facility, and alongside this, its 70% holding of the Havieron gold-copper development project. That means almost 3.4-7.6moz gold and 700mlb of copper is available for someone interested in production.

Meanwhile Rio reported in February that it continues to explore options aimed at enhancing project value, including further optimisation of the current pathway and alternative development models and partnerships. The latest noises coming from the area indicate that Winu may be moving more towards being a gold dominated asset. It looks like Rio could be open to offers? That means that pretty much the entire Paterson region is in play and someone with funds could roll up a district with significant ounces, over 15m, and a copper credit as a sweetener.

Part of this consolidation would likely include that largest land holder Antipa. Anyone interested in Telfer would need to fill the plant, the most likely option for that is Minyari on Antipa’s 100%-owned project and then on the way down to Havieron, pick up anything that may come to light at Parklands on Antipa’s farm-in project with Newmont.

The other contender ready is Greatland Gold (GGP-AIM), who having discovered Havieron hold the remaining 30% interest. Greatland is currently trading at around £330m / A$640m. They have Wyloo as an 8.5% holder and Greatland are targeting an ASX listing in H2/24, so perhaps they could, with Wyloo’s backing, be the consolidator? Given Telfer is estimated to be valued at A$700-A$1bn it could just be feasible. Would Wyloo back the district consolidation? Other companies operating in the region are IGO and even Fortescue have licence holdings. Or could someone from outside the Paterson step in to be a new Australian gold copper producer with exploration upside as the majors wonder how these assets fit.

https://antipaminerals.com.au/upload/documents/investors/research/240312022603_24-03-12-CavendishSecurities_GEO-01StillGrowing.pdf

Https://seekingalpha.com/article/4677204-newmont-stock-a-once-in-a-generation-buy

Another interesting read from Seeking Alpha. Like many other commentators they're bullish about the future outlook for both gold & copper, and in this case why that should benefit Newmont.

However, you can clearly say the same about Havieron too! Who knows, but maybe they're making a big mistake in divesting Telfer/Havieron (if that finally happens, of course)? We know that they have a clear paremeter for doing so, vis a vis Tier 1 mines (in their terms!), but is that really the best one use, looking to the future?

Anyway, here is what Seeking Alpha say about Gold & Copper:

Very Bullish Outlook For Gold And Copper

As we detailed in a recent article, gold will likely continue its recent strong performance due to:

- The Federal Reserve ending its rate-hiking cycle and beginning to cut rates

- Continued strong central bank buying of gold

- Soaring geopolitical risks and tensions

- A likely weakening of the economy

- A reversion to the mean of its valuation relative to the stock market

- The continued decline of the U.S. Dollar

Copper, meanwhile, should perform well because:

- Demand is soaring due to the green energy transition

- The value of the U.S. Dollar is expected to continue to decline

- Production is suffering from mining disruptions and is unlikely to be able to meet demand for the foreseeable future

It's clear that some people just don't understand that trucking in the likes of the US, Canada & Australia are completely and uterly different from the UK. I worked in the US for 15 years, and trucking any product, over hundreds, if not thousands of miles, was a daily occurance. Callum Baxter is entirely correct. It's no big issue, whatsoever! Many of these trucks are the equivalent of trains, capable of moving massive loads, over long distances.

Yup, it's not the M25!

https://www.youtube.com/watch?v=i6eIHcd3ifc

@ aim999 "The market doesn’t lie..Let the market decide…… which it has been doing incidentally, while gold has been flying".

Sure! The AIM market, probably one of the most infested, manipulated markets on the planet, doesn't lie?!

Good luck!

However, there are a great many investors that can, and have, seen through that manipulation, and have the balls to remain invested, and, IMHO, if they have any sense now, buy in, and/or top up, at this latest, ludicrously low, sp!

Good luck! IMHO, I know where this is going, and, if you don't, well, please don't moan later, with the usual, "I wish I'd bought in/topped up, when the sp was x p, because you'll probably get short shrift from me anyway!

Good luck to the holders, but DYOR!

Many thanks Dip! Much appreciated as they all are! TT

Https://www.newcrest.com/careers/current-opportunities?job=986225

Likewise Everyone! I've mentioned a few times, over the past 6 months or so, how I felt that Shaun Day's 'body language' was promotional of Rio, over, originally, Newcrest, from the time of the Paterson South J/V (which they'd been discussing for around 12 months). Of course it'll be interesting to see what pans out, if anything does, but there are many ways to skin a cat!

Many thanks Liam! Keep up the great work, and valuable input! TT

Nice one Magic! Congratulations! I always enjoyed your valuable input in the Greatland research mix, and hope that you'll now, maybe, have a bit more time for some more as we go forward.

@ Sureasblazes, I couldn't agree more! Mid/end last year I ended up topping up my GGP holdings by over 80%, at anything under 7p. I'm now maxed out, and then some, but, seeing the same, IMHO, ludicrously low levels now, I wish I had more to invest. DYOR & GLA

Up to an intraday high of $2185 so far, but backed off a little to $2175 now.

It's looking like that $2200 major breakout level is easily possible next week, if not today...

I posted this a few weeks ago, when Newmont brought out their company MRE updates.

IMHO, it's quite interesting in relation to the current, rising, POG, and any gold mining company assets:, although not necessarily the same case/formula, exactly, and there are several assumptions:

GOLD RESERVE SENSITIVITY

A $100 increase in gold price would result in an approximate 5 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $75 per barrel (WTI), Australian dollar exchange rate of $0.70 and Canadian dollar exchange rate of $0.75. These sensitivities assume all other inputs remain equal, including all cost and capital assumptions, which may also have a material impact on these approximate estimates.

https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-2023-Mineral-Reserves-for-Integrated-Company-of-136-Million-Gold-Ounces-with-Robust-Copper-Optionality-of-30-Billion-Pounds/default.aspx