Member Info for zoros

Please leave quades. Other than cookie and his mother, no-one wants u here. As a trainee something or other and as a financial guru and mammoth 40 year s and s veteran and professor of underwater macramé surely your talents are best served at Oxfam or somewhere.
You're the proverbial pain in the ar se.
WI has said it all. Solg or alpala will be sold soon.
Z

A seminal moment for all, no doubt. Because we think the outcome is already decided, the PFS should be a very welcome result. I'm hoping it is the next piece in the picture for the markets to latch onto. I'm hoping for a 10% rise in the so from the PFS alone
We're all on the same side so a few weeks either way ....matters not. It's coming before Christmas along with so much more.
Let's just enjoy the countdown.
Z

chartarex: https://www.hannam.partners

Z

news incoming........in such a short period.
What a great run up to christmas......................
Hold tight
Z

.

Remember, before you diss broker notes, it is worth reminding ourselves how best to protect our investment(s).
Due dilligence requires that the more information that is gleaned........the better the decision process becomes. Ignore Broker notes at your peril. They have better and more direct route access to their client, they have a broader understanding of the industry...both of which the average punter here....does not. Notes are not scientific papers...they are "notes". The broker does not deliberately lie nor mislead...they do look to support the company as best they can but they are careful about what they say. Above all else, they always lean towards the conservative side of outcomes for obvious reasons.
Read between the lines, pick from them what you think might support your ever growing bank of knowledge about GGP and discard the rest. After all you're not a lemming..........are you?

28p, post PFS in late nov/early dec is not impossible, in fact it is perfectly achievable for that stage in the discovery.
For my part, I take away the following:
1. The decline will speed up once they are out of the sludge!
2. The 2 x MRE's coming up and the PFS, together with the Juri news updates will directly target theSP....and in one direction only.

"...he most significant potential catalyst for Greatland Gold shares
over the next 12 months is the release of the Havieron pre-feasibility study
(PFS), expected before the end of 2021. Additional catalysts for the shares could
come from an increase in a Havieron JORC resources as well as any potential
success from exploration drilling at the Juri JV and the Scallywag license in the
Paterson region. ..."

At the end of the day....DYOR in proportion to the amount you have invested!!

GLA
Z

Cookie - I thought you'd filtered me?
Z

Well quadey comments again issuing words of wisdom from his vast knowledge bank.
Let us not forget:
He is a:
Trainee something or other.
Successful investor of S and S for over 40 years (whcih would suggest he must be a millionaire atleast) yet still manages to post daily on this bb?
Author and advisor of the diverse book.
Inveterate believer in the gospel according to Quady.
Disbeliever in points of view that differ from his own.
Dyslexic only wehn he wnats to be.

IF....if brokers notes were next to useless, they would (by now) all be out of business. Each has direct access to the BoD of the company they represent. Something the average PI doesn't. Their data base is better than most for that company.
They have contacts in the industry they represent.
They are a shop window for their client.
It is up to individuals to pick the bones out of of the notes, to support their own research and to invest accordingly. Ignore what brokers have to say at your peril because....at the very least Quades......they will know more than you do.
Now get off your high horse and stick to diversing your book(s).
Z

sean - you make me giggle...keep 'em coming it's one of a few rare posts which keep this board from suffocating.
Z

pt 3

Awaiting the release of the Havieron Pre-Feasibility Study
In our view, the most significant potential catalyst for Greatland Gold shares
over the next 12 months is the release of the Havieron pre-feasibility study
(PFS), expected before the end of 2021. Additional catalysts for the shares could
come from an increase in a Havieron JORC resources as well as any potential
success from exploration drilling at the Juri JV and the Scallywag license in the
Paterson region.

As of 9th September, Newcrest had completed just 0ver 194 km of drilling from 230
holes to date. All the in recent drill programs holes have intersected significant
mineralisation, which we believe shows that the structural controls on the
mineralisation at Havieron are becoming well understood.

n addition, The Havieron JV has identified some new targets outside the vicinity of
the Havieron orebody, but within the Havieron license. The decision on drilling of
these targets is yet to be made.

end.

Z

pt 2

Key technical appointments including Telfer experience and knowledge
In August, GGP appointed Otto Richter as a Group Mining Engineer. Mr
Richter is a renowned underground mining and caving expert with extensive
block caving experience at De Beers and in various consulting roles. He also has
in-depth understanding of Newcrest’s Telfer mine, where he previously worked
as a Mine Planning Manager. This is particularly important for GGP as
Havieron’s production will replace the depleting Telfer orebody as the source of
the ore feed to the 20 Mtpa Telfer mill. In addition, on the 25th of August, Paul
Hallam was appointed to the GGP board as a Non-Executive Director, replacing
the Company founder Callum Baxter. Paul Hallam is a high-calibre mining
professional with operational experience at Tier 1 companies, including
Fortescue Metals and Newcrest Mining, where he worked as Executive General
Manager of Developments & Projects. Both the above changes illustrate to us
the next stage in GGP’s evolution from explorer to developer, with top tier
appointments signalling the Company’s focus on development of tier 1 mining
assets.
Target price – GBp28.3 per share valuation implying 61% upside
Since our last Greatland Gold valuation update on the 26th of February, we
leave our Havieron DCF model unchanged apart from updating our commodity
price assumptions, decreasing our modelled gold price from a flat US$1,950/oz
to US$1,850/oz and increasing our flat copper price input to US$8,500/t up
from US$7,500/t. Our updated risked valuation for GGP shares based on our
DCF model for the Havieron sulphides project is now US$1,352m or
GBp28.3/sh, slightly below our previous valuation of GBp30.1/sh.

cont'd

out today:

Greatland shares trading down despite positive Havieron news flow
Greatland Gold (GGP) has been one of the most notable success stories in the
junior gold space over the last few years, rising from a microcap junior to a
company with a market cap of over £1bn at its peak in January 2021, driven by
a world class gold-copper discovery at Havieron, located in the Paterson
province of Western Australia. However, GGP shares have dropped 55% since
its peak, despite regular positive news flow from Newcrest’s infill and resource
expansion drilling at the project. In our view, the current GGP share price
weakness represents an excellent buying opportunity.
2021 a year of major progress as Havieron continues to be de-risked
Drill results from Newcrest’s 2021 drill campaign continue to show significant
intercepts, thus supporting the case for substantial resource expansion within
the overall Havieron orebody, both in the sulphide zones and the breccia
mineralised zones. The drilling has confirmed extensions to the high-grade SE
Crescent and the Northern Breccia mineralisation, both around and below the
current 3.4 Moz JORC inferred resource. In addition, Newcrest is continuing to
rapidly accelerate the construction of an exploration decline at Havieron,
following the receipt of the required regulatory approvals. The underground
portal was completed in May and all surface support infrastructure has been
completed. Development of the decline is in full swing, having advanced 120m
from the portal as of last week, while the power station and magazine are up
and running. The pace of work at Havieron supports our assumption that first
production from the SE Crescent orebody is likely to be in late 2023/early
2024. Finally, the Juri JV with Newcrest has delivered its first gold intercepts
from the maiden drill campaign, including 3.5m @ 1.9 g/t, providing the JV
with excellent initial information to calibrate the drill targets and giving the JV
partners confidence in the prospectivity of the license.

cont'd

finally....

As such we are strongly positive on Ecuador as a rising jurisdiction, particularly to
meet the required copper demand in the coming years with several world-class
assets at or nearing scoping stages. This is a stark contrast to rising resource
nationalism in Chile and Peru.

Z

pt 6 Ecuador:

We believe Ecuador is quietly becoming a premier jurisdiction for mining in Latin
America, bolstered by significant success through the drill-bit from exploration
companies and a host government significantly improving the fiscal and
regulatory framework of the dollarised economy. Despite seemingly being
endowed with mineral wealth akin to neighbours including Peru and Chile,
Ecuador’s mining sector stagnated from 2007 – 2012 due to previous government
policy. Since 2013 however there has been progressive shift to encourage
development of the metals and mining sector and diversify away from oil. This
coincided with Lundin Gold acquiring the world-class Fruta del Norte gold project
in 2014 for US$240m. Over the next two years Lundin Gold completed a
feasibility study and signed all major agreements with the Ecuadorian
Government providing for the fiscal and regulatory regime and economic
stability.
Since then, the backdrop for mining in Ecuador has gone from strength to
strength. Newly elected President Guillermo Lasso is strongly supportive of the
sector, citing the need for foreign investment into the formal mining sector to
grow the economy and become a major mineral exporter such as Chile or Peru.
The positive changes are already providing a demonstrative impact, with mining
accounting for 46% of FDI and 22% of corporate taxes in 2020. Executive Decree
151 signed on the 5th of August 2021 defines the mining policy for Ecuador
alongside a strengthened regulatory environment and streamlined permitting
process. It presents a major opportunity to exploration and development
companies with strong ESG principles such as SolGold to responsibly develop and
mine a deposit under a transparent framework. SOLG’s relatively advanced
development stage could also see Alpala become a ‘poster child’ for Ecuador’s
nascent copper sector. The Minister of Energy and Non-Renewable Natural
Resources has stated “This will be the decade of mining in Ecuador”.

cont'd

pt 5 Rio Amarillo

Drilling commences at Rio Amarillo - large scale porphyry target
SOLG has commenced exploration drilling at the Varela porphyry Cu-Au-Mo
target within Rio Amarillo, with Hole 1 currently at 90m depth drilling towards a
planned 1,500m. The hole is testing the subsurface of outcropping porphyry style
vein stockworks which returned a promising 99m @ 0.34% CuEq from surface
rock-saw channel sampling, including 25.1m at 0.58% CuEq. The system exhibits
classic signatures of a large scale strongly mineralised porphyry (Cu-Au-Mo)
system, with a preserved porphyry lithocap and hydrothermal alteration system
supported with the full suite of porphyry plume chemical elements. Geologically
consistent with Alpala, which sits just 30km away, we believe results from the
drillbit could reveal another exciting addition to SOLG’s project pipeline.

cont'd

pt 4

We have updated our long-term gold and copper prices to reflect current market
conditions more accurately. Our gold price has been lowered from US$1,950/oz
to US$1,850/oz (versus ~US$1,800/oz spot price) but we remain bullish on the
metal in the wake of a more gradual stimulus tapering than initially envisaged.
This results in a GBp4/sh drag on our target price to GBp81/sh. We have also
increased our long-term copper price from US$7,000/t to US$8,500/t (versus
~US$9,500/t spot price) to reflect the price environment likely required to
incentivise copper exploration and development in order to meet demand
forecasts in the coming decade. This results in a GBp25/sh or 31% boost to our
target price for SolGold. All else equal, we arrive at a GBp105/sh target price for
SOLG, 248% above the current share price. We continue to believe SOLG’s stock
offers an attractive entry point into an advancing world-class porphyry project.
The Alpala PFS, expected by year end, should act as a key catalyst for a rerating.

cont'd

pt3

Ecuador demonstrating its positive investment climate through new decree
Executive Decree 151 was signed by President Lasso on the 5th of August,
defining the Mining Policy for Ecuador. This includes a major expansion of the
formal mining sector through foreign investment combined with a
strengthened regulatory and streamlined permitting environment. We believe
this is an important step for Ecuador’s ambitions to develop into a premier
mining destination. President Lasso is strongly supportive of a socially
responsible mining sector, publicly stating that Ecuador could turn into a
major mineral exporting country, such as Peru and Chile.
Valuation: GBp105 target price on US$8,500/t Cu implies 248% upside
We continue to base our valuation on a 30Mtpa block cave operation
commencing in 2028E with an 8% WACC. We adjust our metal price
assumptions: lowering our long-term gold price to US$1,850/oz (from
US$1,950/oz) but increasing our long-term copper price to US$8,500/t (from
US$7,000/t) to align more closely with spot, as well as reflect the compelling
supply/demand dynamics. This drives a 31% increase in our target to
GBp105/share, ~3.5x the current share price. The key upcoming catalyst in
2021 will be the completion of the Alpala PFS, alongside potential maiden
MREs at Cacharposa and TAM (which could ultimately feed into the Alpala
operation). We include a conservative US$75m for SOLG’s regional exploration
beyond the Cascabel licence, which could also yield multiple positive catalysts.

cont'd

pt2

TAM could bring forward production through open pit mining at Cascabel
Results from TAM released last week demonstrate the projects’ ability to
provide additional metal inventory to Alpala, including from surface, which
currently boasts 2,663Mt at 0.53% CuEq M&I Resources for 9.9Mt Cu, 21.7Moz
Au and 92.2Moz Ag contained metal. Hole 13 at TAM returned 1,010m @0.55%
CuEq with a high-grade core of 132m at 1.09% CuEq. Initial examination
indicates the project is amenable to both open-pit and bulk underground
mining methods. Mineralisation currently forms dimensions of 1,200m long,
up to 750m wide and 1,200m depth from surface, remaining open to the south,
east and at depth. Whilst these results are too late to be incorporated into the
PFS study, they could provide a significant boost to the value of the Cascabel
license. Open pit mining should allow production to be brought forward several
years from H&Pe 2028, potentially unlocking upwards of US$500m in NPV.
Results could build on the success at other regional projects including Porvenir
SOLG’s application of its proven exploration blueprint has returned solid
results to date through systematic evaluation of regional projects whilst
advancing Alpala towards development. The Porvenir project has also shown
open-pit potential with mineralisation from surface and a high-grade ~1%
CuEq core. SOLG’s geology teams are advancing in-house resource estimation
models, building towards a maiden Mineral Resource Estimate (MRE) at the
Cacharposa target within Porvenir.

cont'd

Out today.
SolGold (“SOLG”) has published an update from its ongoing regional
exploration programme in Ecuador. Assays from Tandayama-America (TAM),
Cascabel, have returned 1,010m at 0.55% CuEq including 132m at 1.09% CuEq
(Hole 13). The results enhance the potential for both open-pittable material
near Alpala and significant depth extensions amenable to bulk underground
mining methods. Meanwhile the recently signed mining policy (Executive
Decree 151) is a big commitment from the pro-investment government and
another important step towards Ecuador developing as a premier mining
destination. SOLG is expecting a busy quarter on the exploration front with
drilling campaigns at several other targets including Porvenir, Sharug and
Blanca. Delivery of the Alpala PFS later this year should act as a key catalyst for
the stock, which is trading down 10% year-to-date despite significant
exploration success and development work at Alpala.

cont'd

They started digging @ Hav in May 2019, I believe
Z