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Today we tested the most recent lowest intraday price which was on the 2nd July @ 16.65p. That was around 5 weeks ago. I think we just touched 16.60p earlier today as the current intraday low. IMHO that's ludicrous for what we have in Havieron alone, now, let alone what additional resource we already know is there, plus our other tenements. As Chris says, there's a lot of new news imminent, and I certainly wouldn't want to be out of GGP at anytime now.

Yup, they're now largely using the new business trading name Greatland Resources, instead of Greatland PTY LTD., although exactly the same company.

He also stated:

"And again, what we're very much focusing on is building up the team as we transition into production"..."We're building up a mining engineering capacity..."

Did nobody notice what Shaun Day said at 'Diggers & Dealers', namely:

"We have a wonderful team and that's so important to making the successful transition from explorer to underground Australian Gold Miner".

Greatland Resources is a trading name (Business Name) for Greatland PTY LTD.

The ultimate parent company is Greatland Gold PLC.

Thanks for that view Rotherby. Interesting point. TT

I don't believe that this has been discussed more recently and i just wondered if I could have missed anything from the forum and/or presentations. I do know that in the "Havieron Mining Lease Application Supporting Statement" lodged at the Government of Western Australia Department of Mines, it states that:

"An appropriate infrastructure corridor needs to be identified and a number of alternative methods to transport ore from Haverion to the Telfer processing facility are being considered, including:
• Truck haulage;
• Conveyor;
• Rail; and
• Pipeline

Studies are underway to assess the suitability of the above modes of transport as well as the location
of the transport corridor. The location and mode of transport option will depend on the tonnages
required to be transported, the topography, environmental and cultural heritage considerations and
will be subject to all necessary permits and regulatory approvals."

Have we heard anything more definitive please? Thanks! TT

I generally sgree along those lines TMT, but, at least we know that Shaun Day has stated that, the Initial Inferred Mineral Resource is, "Very much initial"!

It's basically due to an upbeat US jobs report which fuelled speculation that the Fed's stimulus could be pulled back sooner than expected.

The price fell to USD1,684 an ounce, but has since recovered to be down around 1% currently at USD1,746 as I write.

@ zoros Apologies I only got back to the site this morning, but many thanks for your post, much appreciated! TT

@ chester Many thanks for your post and, believe me, I am very well researched into GGP! However, IMHO, the discussions about the likes of JORC resources, and the various levels, can, and indeed are, confusing to many people, even those who are well researched, especially when you, and others put no date, or timeline on such statements, and what's expected in those timelines, and within those dates. As I said, is that it would be helpful if those posting about the JORC levels would just add a little more information, unless, of course, they're not interested in making more forum members aware of what they're saying, and understanding same. GLA!

@ chester18 I have no doubt, whatsoever, that the resource will grow, but, yet again, IMHO, please put some more information on your acronyms and dates on your views, otherwise it's largely complete gobbledygook to many!

Sorry guys, but despite your incredible knowledge, which is so much respected and appreciated, believe me, can you please, when you post, give a timeline as well? Sorry, but many of us mere mortals will just not get it, unless you give some sort of date(s) to EACH and EVERY major period going forwards. Surely I can't be the only one getting increasingly confused? Thank you so much!

Well, I don't know about anyone else, but, with Havieron alone, the questions posed, namely, "what I know today about company X, and whether it's ounces in the ground, whether it's gonna be future production, future cash flows, future dividends, something, and compare it to other opportunities" was answered for me some time ago, and, it gets answered, again, and again, every time we get the latest drill assyas! DYOR & GLA!

Discussing market cap reminded me of an interesting podcast back in September last year when Eric Sprott discussed it in relation to comments about the Greatland Gold share price. Here's part of the transcript:

Craig: Yeah, absolutely. And again, someone like Buffett giving that kind of tacit approval should open a few eyes. That's for sure. Eric, before we get into some of the individual stocks, I thought this was a fun question. Because this is gonna be helpful, hopefully going forward for just about everybody. A gentleman wrote in and said he's got about like a 25-bagger in something called Greatland Gold. And I was sitting here thinking, as you were speaking, I've got one similar. You had told us all, geez, two, three years ago about something called De Grey Mining down in Australia. And that thing's gone from like five cents to $1. And so you get these 20-baggers and 25-baggers, however you wanna put it. The question was, what is a proper sell signal for something like that? Is it the market cap reaches a certain level? Is it value the metal in the ground at a certain level? I mean, because hopefully this is a problem all of us are gonna have. We gotta figure out what to do when prices get up that high?

Eric: Yeah. Well, let me assure the listeners it's not market cap, okay. I mean, I can't tell you the number of times I've bought something very, very well. For example, when I bought Goldcorp at, probably $5 a share back in 2000, something like that. And I probably sold it when its market cap got to be $700 million, and it went through, I think, $15 billion. So don't use the fact that something's gone up a lot as a reason to sell it. It's got to do with relative value. Where else can I put the money, based on what I know today about company X, and whether it's ounces in the ground, whether it's gonna be future production, future cash flows, future dividends, something, and compare it to other opportunities.

https://www.sprottmoney.com/blog/What-Will-Work-in-the-Post-Covid-Economy-Hint-Gold-and-Silver-Weekly-Wrap-Up-Sep-18-2020

Indeed & thanks (apart from Leicester, of course!)!

Personally I'm in the complete opposite team in investments, but, as you say, it's important to recognize the likes of 'closeology' going forwards in the area.

I hope it works out well for us all, but, especially GGP! :-)

Many thanks, as always, to Paddy, Bamps, et al, for their amazing, ongoing input, which is so much appreciated by myself, and I trust others too.

I did mention a few days ago that it would be incredibly useful for Newcrest Mining and/or Greatland Gold to produce at least some 3-D imagery going forwards, for investor geo idiots like myself. A few presentations at Diggers & Dealers included same this week.

I have posed the same question to Greatland HQ and will post any reply, if they don't mind me posting same.

GLA!

As far as I can see it, nobody, whatsoever, has even thought, let alone posted, that CB would even consider leaving Greatland Gold. Please read any posts before this ridiculous paranoia! TT

@ TomE, Sorry Tom, but I can't see anyone that has even remotely thought that, or has indeed mentioned that, whatsoever. Callum would, ever leave Greatland Gold!

What gives you that view?!

...at eight times buy to sells! LOL!