While we wait.....5 Sep 2018 16:55
Let us remind ourselves of some FACTS:
1. GGP owns last Unexplored Greenstone Belt in the Yilgan Craton, Australia i.e. Ernest Giles (EG)
2. Greenstone belts are associated with Gold
3. Yilgan Craton is filled with many gold mines - operating or advanced - Check out diagram on GGPs website.
4. Gold already found in EG
5. Newmont Mining (NM) spent over six months looking at EG. Walked ...."Not at this time", signed NDA and left results
6. NM's DSG technology found "various" Gold anomalies in EG - with one Big red spot in.......Meadows 5km x 1.5km! (Over 20 Wembley Arenas)
7. NM told GH / CB...You will be pleasantly surprised with Meadows - Check out Proactive Interview (15 Jan 2018 - listen carefully to first 4/5 minutes on You Tube)
8. New area identified by NM was not previously drilled by GGP
9. Since then GGP has carried out Mobile Metal Ion Sampling (MMI Gold response confirm Newmont's DSG results)
10. Now Drilled 24 Holes in New Meadows and we await results
11. GH/CB are always in touch with other Majors and significant people in the Industry (listen to above video)
Possibilities:
1. Drill results also confirm Gold Ore (Economic quantity) and NM having already done significant work on the area want to have the first look in. We are cash rich and can negotiate for as long as it takes to get a good deal
2. Drill results so great (5m oz or more) and Share price Rerates 8 - 10p
3. More cash comes in from Warrants (share prices zoomed past 3p)
4. Other projects and EG exploration moved along value curve BIG TIME
5. LTH Happy, Day Traders (Some lucky and some will miss the mighty leap)
BUT If Meadows results mediocre / not good
1. NM DSG tech, GGP's MMI sampling method, GH and CB all lose credibility and trust
2. Share price tanks
3. LTH Shareholders sulk
4. Derampers have a field day / year!
I am in and staying put
DYOR and GLA