Reasons to be cheerful. Pt15 May 2021 12:47
Firstly - thank you Admin for removing that malignant thread through all of last night by the usual suspets - appreciated.
Secondly - this is once more targeted at those sitting quietly at the back, whose actions (investing in GGP) speak louder than their words (rarely posting)! For those who would prefer not to get involved in this childish bickering that floods this BB from time to time and finally for those newbie's who need encouragement........
The SP is where it is because (amongst all the hype and ramping) the gold is still in the ground, it has only had one official market approved assessment (MRE(inferred) of 4.2MozAuEq)).
The maths suggest therefore that the 'value' of this first assessment, divided by (over) 4 BILLION shares makes this Sp what it is. [One could argue that fair value is somewhere between 15p and 21p]. Apart from that there is literally nothing else to push the SP north.....................YET.
In fact, to get a better perspective on the real value of this commodity we call Havieron, we should really be researching the experts in the field, of which there are a few (Sprott/Rick Rule/Pierre Lassonde, etc), if we want to get a more accurate feel for where GGP lies in this exploration minefield.
The 'experts' remind us that for discoverers/explorers, SP's mainly react when the following occurs:
Good PEA / MRE's / PFS / buy out material.
Good gold grades above 1g/t. Excellent above 2g/t.
Copper exceptional grades @ 1% and above. Viable at around 0.5%. Uneconomic <0.3%.
So the first reason to be cheerful is to look @ Hav's grades.
Then we might listen to this podcast by Steve Todoruk (look him up):
http://www.kereport.com/2021/04/28/when-a-discovery-is-made-when-is-it-too-late-to-become-a-shareholder {Cope with the 'jarring' interviewer voice!].
A 10 minute chat about..............Mmmmmm let's see shall we:
@ minute 1:50 to 2:30......now who can this be, who might he be talking about?
@ minute 10, a reminder of the grades we talked about.
For those of you who think maybe, just maybe, you've missed the boat, listen to
@ minute 1.15.
To all latecomers and doubters......discipline yourselves to ride the 'lack of progress', 'turmoil on this BB', This is an early stage valuation based on what the market 'sees' (not hears).
This however, is what is about to unveil:
1 x MRE(2)Inferred for SE Crescent/adjacent Breccia/Northern Breccia.
1 x MRE(Indicated) for SE Crescent and Breccia.
1 x PFS.
(and this is just for Hav).
ALL of the above within the next 5 months. This is breakneck speed for a major.
Broker forecast of 33p by September (PFS). Based only on 4.2MozAuEq. (And everyone knows there is yet more to be declared).
If either MRE's bring good news, if Juri strikes, if Scally strikes..........the SP would need to be nearer 50p by the PFS. And these are MINIMUM figures. ALL within the next 150 days!
So reset your thoughts on GGP, clear the daily clutter from this BB and believe in wha
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