Member Info for TimberTrader

Only one drill at Black Hills, and I'm no geologist, but they must have found 4m @ 0.42g/t Au from 381m (incl. 1m @ 1.09g/t Au & 253ppm Bi from 384m) interesting. I appreciate it was only 1 metre, but that 1 metre alone had the highest Gold & Bismuth levels, together, in the whole drill cores.

Surely a valuable sighter for where to go next!

"Gold & bismuth...Important & exciting"

"Elevates Black Hills as a target"

Greatland Gold PLC managing director Shaun Day speaks to Proactive's Thomas Warner after exploration results from a second drill programme at the company's Juri joint venture.

Day reveals the significance of the findings, highlighting the presence of bismuth at the site, and lays out his plans for the next steps at the project.

https://www.proactiveinvestors.co.uk/companies/news/1005037/greatland-gold-finds-bismuth-at-juri-joint-venture-1005037.html

Thanks for that link intraday256.

They then took it off the table in August that year...

https://www.reuters.com/article/us-newcrest-australia-idUSKCN0QM04120150817

Colossal central bank purchases, aided by vigorous retail investor buying and slower ETF outflows, lifted annual demand to an 11-year high.

Annual gold demand (excluding OTC) jumped 18% to 4,741t, almost on a par with 2011 – a time of exceptional investment demand. The strong full-year total was aided by record Q4 demand of 1,337t....

https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2022

https://www.proactiveinvestors.co.uk/companies/news/1005012/greatland-gold-strongly-encouraged-by-juri-assays-1005012.html

@ aim999, "I recall they found nothing as well in 2021…I can’t imagine Newcrest will waste anymore money on another round"

Just like they found nothing drilling at Havieron between 1991 and 2003 then?

$1960 hit...

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xoomj2x

Another new 9 month intraday high so far today @ $1957.25...

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

Most of know that BOTH parties in the J/V are on the same page, when it comes to cash flow!

Sorry, but I'm maybe just old school, with at least some experience in mining, in my 40 years+ of investing, but, what I can never understand, is why do so many people, immediately, give credence to a simple investor, just because they post something on YouTube?!

Sorry, but surely anyone can do this, even an idiot, with no understanding of a stock?!

But, maybe, some 'modern' investors still just can't get it, that it makes absolutely no difference what platform you post on, it doesn't mean you actually know diddly squat about what's actually the case!

DYOR & GLA

SB: "...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."

SD: "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."

Get the cash coming in first! There is no doubt now that we're speeding towards that now!

DYOR

It's not just on here. The usual suspects, that any regular posters on here, and the other site, can see from a mile away, coming out of the woodwork, as they always do at certain times, are certainly around today! Don't worry, they'll be gone soon, never to be heard from again, except under another name of course! GLA!

Following on from my post on this thread yesterday about the Newcrest staged approach to Havieron and desire for early free cash flow, it was interesting to hear what Shaun Day said in the 'Midweek Takeaway' interview...

"...Normally drill it, do the PFS, then Feasibility Study..Funding..Decline"

"In this case (Havieron), early decision...world class ore...let'd cut through, get that decline in, get down to the ore body, so really, the gap between Feasibility Study and First Ore is going to be indecently short...Free cash flow!"

https://www.tradingview.com/x/Ppufc2qY/

Currently @ $1940 (having hit $1949 earlier today), well above the $1935 intraday high on 25th April 2022.

"We have the Juri & Scallywag results which I expect to get out in this quarter"

@ antigua18 "I’m concerned further delay in resource upgrade will result will effect the share price. As you point out NCM is doing it’s own thing and unlikely to change therefore we should be doing ours."

With great respect, I'm not so sure. But, then again, I'm here medium/long term, so current sp, or even 1-2 years forward, really don't matter to me. As far as I can see, in my late investment years, this has massive 'legs', and absolutely nothing, so far has diminished that view, whatsoever.

At the same time, I totally understand, and appreciate, the views of others that just want the sp to get moving, and fast. At some point it no doubt will, but judging that point is extremely difficult.

What more can I say than I rate, and continue to rate, GGP, very highly. I would have got rid a long time ago, if not, and I'm still topping up regularly at these ongoing ridiculous sp levels!

As always though, DYOR! This is entirely my own view!

@ SharketMare Yup, nice post! That pretty well sums up the current situation as I see it too, thanks!

@ Bamps21 "Shaun said in London that if they don’t bring out an MRE then Ggp will do one and also the MRE will not affect the issue of the FS."

IMHO, it's now highly unlikely that that will happen now, for the reasons in my post above, unless Newcrest Mining delay it significantly further.

It's interesting to hear what Shaun Day had to say, and indeed repeated, about the relationship with Newcrest Mining. Has this, maybe, changed at all with Sandeep Biswas leaving? Maybe it has? Was there some conflict before between the two companies, which resulted in us publishing our own upgrade? Yes! IMHO.

I sense this view even more now (I did before, as others did too!) that there was, but, now, maybe things are better with the change in the Newcrest CEO (Interim, but, IMHO, Sherry Duhe will be confirmed soon).

Shaun Day today, " Our preference is to be aligned with Newcrest....Appreciated engagement...Positive there...Really good relationship...We understandthe Newcrest approach..."