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I believe the implications of a significant visible mineralisation RNS would be huge. I’m talking ‘similar to HAD005’ style. Firstly it would show that there’s the real potential for a Havieron MK2 within our blocks. If this came late September then there’s a high chance the share price would be around 16p-18p by then anyway.
Numis would probably have a price target of 20p (38p un-risked) too. They would be putting a value of £760m on our 30%, or £2.5b for 100%. Granted this has only been possible because of Newcrest’s speedy drilling, but if we had the funds to prove up this MK2, ie sell 10% of Havieron then it would be game on.
So, I do think a +30/40% rise would be warranted as the market would realise that this would be a game changer for Greatland. Spy’s £5-6b would be firmly in the cross hairs in a couple of years time IMO.
12.4p to buy. Hopefully we're out of this current range soon. If volume arrives = 14.28p next
If you're able to, would it be worth dropping Scandivanadium's IP of Havieron over one of your Sentinel maps? It looks as though they have done that. I can see two lines going from the SE to the NW across the image. Similar to the ground around Havieron on the Sentinel maps.
If what I'm thinking is correct, it's no wonder they're spending so much time in the SW.
Bottom of this page:
This link might work:
I suspect there's someone that missed out on taking part in the placing and is driving it down. They want it under 40p, but so far seem to be struggling. Hopefully more news next week and we're back above 50p in a few days.
Not much change. The L&G fund below has added just shy of 30,000.
Marlborough Nano Cap Growth P Acc 45,540,540
Sprott Junior Gold Miners ETF 23,047,229
Global X Gold Explorers ETF 2,847,288
L&G Fut Wld Gndr in Ldrsp UK Idx L £ Acc +29,857
Undrly L&G Diversified Life +20
What would you do if you had one of the largest gold/copper deposits in Australia and you knew majors had been sniffing around since HAD005?
If it was me, I would get a rig out into the field asap, targeting our key high priority targets. I would use the same drilling company that pulled out the early cores at Havieron and get them drill testing the 5 best targets in the Paterson.
What would you do?
Noobz, this is Hav:
Can you see HAD071 detailed towards the top left of the image? This stopped in the permian cover (follow the black line down). Similar to my first links on this thread. Once they hit basement sediment (green) that is where the mineralisation started. See HAD062 next to HAD071. That hit 132.2m @ 4.3 g/t.
Hopefully the same again for Goliath and Los Diablos once we drill deeper into the anomaly. As Paddy says, around 250/300m deep.
Look how close the historical drills got to our target. Another couple of hundred metres and they could've hit jackpot.
Havieron MK2 (and 3) ?
Great post mercman.
It's worth highlighting that Numis are currently putting a value of roughly £1b on our 30% of Havieron (un-risked, currently 15p) and we we still have the other half of the sulphide crescent to prove up, plus add in the breccia, open at depth etc.
Havieron alone could bring us £2b+. Stick in a few others and we could be closer to Spy's £5b-£6b in a couple of years.
But yes, let's get over 15p first.
'So if Havieron is worth £1bn to us at 30% ownership, arguably a few stellar cores from either one of the two immediate projects, could propel GGP into an unimaginable £3bn-£5bn valuation in double quick time.'
Sounds good to me. Newcrest better raise some more cash pronto.
Well, we know deposits the size of Havieron are rare, but if we get any initial visible results similar to Havieron then the share price could go very high indeed. Don't forget all of these are 100% owned by Greatland.
Regarding timings, we started the first drilling campaign on 18/04/18 and had first drill hole results on 25/06/18, but Scallywag is shallower. I would be hoping for around 5-6 weeks of drilling time. So we could be looking at drill results being drip fed from September onwards. September, October, November and December could be huge for Greatland.
- The Rudall licence application covers an area of approximately 65 square kilometres
- It is located 20 kilometres south-southeast of Greatland’s Havieron gold-copper deposit.
- The new licence will expand Greatland’s landholding in the Paterson region from 385 square kilometres to 450 square kilometres.
- The Rudall licence is considered to be prospective for Havieron and Telfer style gold/copper occurrences.
- Once granted, Greatland expects to complete the acquisition of detailed aeromagnetics, ground gravity and surface geochemistry to enhance preliminary targets already outlined within the Rudall licence.
'They know they have to move quick because Newcrest are obviously sniffing around .'
Exactly my thoughts too. The likes of Rio, Newmont, Barrick etc are not going to just let Newcrest run the Paterson either. Newcrest will have to make a move at some point to secure our projects.
Hannam & Partners previously said the following:
'In our view, the most significant potential catalyst over the next 12 months would be the maiden JORC resource, expected in the second half of 2020.'
Someone should let H&P know that we now have 5 high priority targets added into the mix over the next 6 months.
They are really going for it aren't they. They're not just focusing on one or two targets at Scallywag, which I thought they would do. They're initially going for Kraken, Blackbeard and London. All three are the closest to Havieron.
Once the initial phase of drilling is complete at Scallywag they are are then going after Goliath and Los Diablos!
Blooody helll, this is brilliant.
No longer will traders be able to rely on news every 6 weeks. We will have 5 other targets in the mix over the next 6 months.
September - December are going to be VERY interesting indeed.
What was it Gervaise said? Maximise shareholder value? Well done, Gervaise.
'Market cap is huge here. Can see 30s if not 20s next few weeks.'
Based on what? Your research? lol
We have independent valuations that range from £120m up to £900m. I will go with them over all the new clueless vultures that have arrived on here the last few days.