Member Info for TimberTrader

https://www.newcrest.com/careers/current-opportunities?job=983022

POG has just breached $2000..

https://www.tradingview.com/x/BZeq0QVt/

What made me laugh this morning was seeing that the chair of the Credit Suisse risk committee is none other than the chair of NHS England, Richard Meddings! Says a lot really!

POG @ $1990

VanEck Gold Miners ETF UP 6.3%
VanEck Junior Gold Miners ETF UP 6.8%
Newcrest Mining UP 5.2%
Artemis Resources UP 18.2%
Northern Star Resources UP 9.1%

Greatland Gold?

I see that UBS is set to buy Credit Suisse, with Swiss authorities likely to change the country’s laws to bypass a shareholder vote. It just shows how bad the situation probably is!

#2. NEM Analysis

"NEM is another stock that has had a great run recently even as the broader dividend stock space has suffered:

This is because, between the uncertainty posed by the crisis in the banking sector and the increased likelihood that the Federal Reserve may be forced to blunt its rate-hiking regimen in order to keep the economy from crashing, the case for gold (GLD) just got much more appealing..."

"...The company is also trying to acquire Newcrest Mining, in a bid to grow its production profile in Australia, which could be a growth catalyst if successful..."

https://seekingalpha.com/article/4588494-high-yield-stocks-are-crashing-but-these-two-are-soaring

The LME is nothing less than the equivalent of the AIM 'Wild West'!

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Hails ‘significant progress’ at Havieron, a gold-copper project in Paterson province of Western Australia. Finds 3.9 grammes of gold per tonne at Northern Breccia, and 2.1 grammes of gold per tonne at Eastern Breccia. Managing Director Shaun Day says: ‘Our most recent drilling activities highlight the potential of high grade mineralisation outside the Southeast Crescent which could add significant value to the mine plan at Havieron with additional gold and copper mineralisation intersected at the Northern and Eastern Breccia zones.’

https://www.sharesmagazine.co.uk/news/market/1679084122773307200/trading-updates-powerhouse-energy-hails-lease-for-forthcoming-centre

POG just hit $1980 which is higher than the best closing price for 1 year!

https://www.tradingview.com/x/izBAXhvj/

AUD Gold Price now at another all-time record today of A$2935!

GGP, or should I say, 'manipulated' GGP, still, pretty much always now, in the same old, + 0.7%/-0.7%, and +1.4%/-1.4% pricing points!

February intraday highest price just breached! That was $1959.74 on the 2nd February. We just hit a high of $1962.00...

https://www.tradingview.com/x/PiX0U8AY/

@ ID78 "The feasibility study is needed to decide whether to proceed with a project and comes before funding."

Normally, yes, but in the case of Greatland Gold, with their J/V with Newcrest mining, and the conviction of both parties towards the amazing Havieron drill results and prospect, the decline was started, and Greatland Gold achieved funding, well before the DFS. In fact, Greatland Gold actually started the Decline, with Newcrest Mining, spending hundreds of millions of dollars, before even the PFS was even complete!

Motoring ahead today! Just $10 short of the February high!

https://www.tradingview.com/x/pP25TTAF/

...and numerous people posting on this forum, "I just wish I'd bought this when it was back at that ludicrously low price of around 7p"

GLA

The great thing is, that although the mining plan may change, and probably will more, as we go along, we don't need to worry too much about selective/block mining right now. We have those options available over time.

What we do know for sure, and as Sprott state again in yesterday's note, "...drill bit de-risking continues on the deeper portions of the high-grade SE Crescent that is mineable before any block cave is considered". is that we want to get the cash coming in first, and there is no doubt that we're speeding towards that even faster now...

Sandeep Biswas was already very clear on this, some time back: "...but the focus is get those high grade tonnes from the crescent zone into Telfer, as soon as we possibly can, while we're working on what the entire deposit looks like. It's really exciting. It's work in progress. Get the cash flowing as soon as you can. That's always my principle."

And, 'doubled up by Shaun Day: "Havieron just continues to give, and that's all part of delivering, firstly, the start up mine, as the SE Crescent, tailor made for our balance sheet - Drive in, get into production, move that high grade ore through the mill and generate free cash flow, but then to re-invest into the broader Havieron opportunity. It's brilliant to work on an ore body like this."

NEWCREST Mining and its 30% partner in the Havieron gold-copper project in Western Australia, Greatland Gold, have reported a significant improvement in progress advancing the decline.

https://www.miningnews.net/gold-and-silver-news/news/1449924/havieron-decline-advances-ahead-of-plan

The Australian dollar gold price hit an all-time record of A$2874 per ounce overnight, exceeding the previous high of A$2868 per ounce recorded on 6 August 2020, according to Melbourne-based gold mining consultants Surbiton Associates.

The record Australian dollar gold price has resulted from a combination of a high US dollar gold price and a lower Australian dollar exchange rate versus the US dollar. The conventional daily Australian dollar gold price is calculated using the London Bullion Market Association’s afternoon (pm) gold price fix and the Reserve Bank of Australia’s official exchange rate.

Dr Sandra Close, a director of Surbiton Associates, said: “US dollar gold prices have surged in the last few days due to the failure of three US banks, including Silicon Valley Bank, the 16th largest bank in the US. Yesterday’s public disclosure of Credit Suisse’s problems has now further destabilised the market.”

The knock-on effect has caused investors and depositors in the US and overseas to question the stability of other banks and has caused a flight to safety...

https://www.globalminingreview.com/finance-business/16032023/australian-gold-price-hits-all-time-record/

Surely we must now have well over 10M oz Gold Equivalent at Havieron.

As I mentioned last week, it's been over 12 months now since the last Greatland Gold Havieron Mineral Resource Update of the 3rd March 2022, which was was based on a drill cut-off date of 2nd December 2021.

That means we've subsequently had 15 more months of drilling since that old cut-off date. That update increased the mineral resources to 5.5M oz Gold & 218kt Copper or 6.5M oz Gold Equivalent.

TT

"Strong Results"
"Significant progress" with the decline, with "increased productivity"
"Ahead of schedule" by 10%!
"...drilling confirms the presence of high grade gold and copper mineralisation outside the current Mineral Resource"

Havieron, give, give give!