Member Info for TimberTrader

I posted a link to this earlier in another thread today, but also some months ago when some of us were discussing the 5% option.

Clearly, it's a complex issue, not simple, also not an emotional subject! It's now down to spondulicks!

Anyway, if you're interested, maybe take a read...

https://www.csaglobal.com/valuation-for-mineral-projects-part-1/

https://uk.investing.com/news/stock-market-news/newcrest-intends-to-trigger-option-on-havieron-joint-venture-with-greatland-gold-2544396

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has been notified by partner Newcrest that it wants to exercise its option over a further 5% of the Havieron gold prospect in Western Australia.

Newcrest has issued a notice to Greatland stating it would like to start the process to decide an exercise price by mid-February 2022.

Under the joint venture agreement, if the option exercise price cannot be agreed by this date, each party is thereafter required to notify the other of its assessment of fair market value for Havieron

If both parties’ assessments are within 10% of each other, the option exercise price will be the average of those assessments.

A wider differential will see the judgement pass to an independent expert for determination.

https://www.proactiveinvestors.co.uk/companies/news/969867/greatland-gold-says-newcrest-to-exercise-additional-option-over-havieron-969867.html

..Agreed!

Luckily we still have Callum Baxteron the Tech Advisory Committee, as well as now, a new impressive team of geologists, mining & financial experts, that will ensure we know exactly what WE want!

Halfords have now allegedly run out of bicycle clips!

Halfords reporting a run on bicycle clips!

I'm not getting into a debate on shoorting, or not, but, suffice to say, that if they are out there, this is the perfect news to possibly cause a nice squeeze!

...Typo..CSA Global.

For anyone that wants some bedtime reading, this is a link i posted a few months ago when we discussing the 5% option:

Introduction to valuation for mineral projects. Part I: Methods for valuating early-stage projects - CSI Global

https://www.csaglobal.com/valuation-for-mineral-projects-part-1/

It'll be interesting to see if the upgraded MRE comes first, or the 5% option pricing will be agreed!

https://www.bloomberg.com/news/articles/2021-12-21/miner-seeks-to-revive-1882-gold-lode-as-australia-dollar-weakens

Wishing you all the very best Tom!
Take care, TT

https://twitter.com/ArtemisResource/status/1472993958582276096/photo/1

Gold continues to draw the largest interest in mineral exploration
For the last five years, gold has attracted the most mineral exploration expenditure, overtaking iron ore in 2015–16. In 2020–21, gold expenditure increased to $1.5 billion, up 32%, accounting for almost half of Australia’s mineral exploration expenditure (Figure 3.3). Exploration activity has been encouraged by high Australian dollar gold prices.

This edition of the report presents an update on project developments over the twelve months from the start of November 2020 to the end of October 2021, and is accompanied by a detailed project listing. This year, major resources and energy projects in Australia features 366 projects...

"There are seventeen gold projects at the feasibility stage, with a combined capital expenditure of around $5.6 billion. Several companies have indicated that their projects may be close to progressing further. These include Newcrest and
Greatland’s $529 million Havieron gold project in WA, Newcrest’s $1280 million Cadia PC 1-2 gold project in NSW, and Karora Resources’ $50 million Higginsville Mill expansion project in WA."

https://www.industry.gov.au/sites/default/files/December%202021/document/resources-and-energy-major-projects-report-2021.pdf

...Maybe some people will remember this (above)...followed on the 19th November, 2018 by:

Greatland announces drill hole HAD005 intersects total mineralisation (combined intercepts) of
275m at 4.77g/t gold and 0.61% copper (275m at 5.75g/t gold equivalent*)

Two wide zones of mineralisation intersected:
118m at 3.08g/t gold and 0.84% copper from 459m (118m at 4.42g/t gold equivalent*),

plus
157m at 6.04g/t gold and 0.44% copper from 660m (157m at 6.75g/t gold equivalent*).

Gervaise Heddle, Chief Executive Officer, commented: "We are thrilled by these truly spectacular results which further demonstrate the exceptional potential of Havieron. These stunning results represent a world class intersection as measured by total mineralisation in one drill hole in excess of 1,500 metre grams gold equivalent. Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at depth below the current limit of drilling, which is supported by the results from forward modelling of detailed geophysical data."

OK, nothing is for certain. I get that, of course, but to me, this new information from Artemeis just adds to the overall picture about the region, especially around Havieron, and what massive potential there is going forwards, as if we don't already know where we're going! GLA!

Hmmm, reporting visible mineralisation. Surely that means nothing?

Well, I disagree. Maybe some people will remember this:

https://markets.ft.com/data/announce/full?dockey=1323-13810676-3RPF50SNSIDB4BEAJ68H514D8N

BTW, just to clarify...the 'sinking ship' is, obviously this BB!

Thanks xeverton!

Sadly, it was pretty much missed, when posted on here last Thursday, due to the current pathetic infighting of trolls, and those that just can't resist a battle, rather than just ignore!

Quite frankly, nothing really changes on this BB, and is exactly why so many valued contributors are leaving the sinking ship!

That all said, IMHO, well done to all those investors that want to continue on this medium/long term voyage...If you don't, then good luck too, but, IMHO, you're missing out on one of the most positive investments for decades!