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Tigger says:
"...POG $2000 above ground , ore in the ground $600 , 5 Billion shares , MRE 8.4M ozs..."
Zoros says:
PoG: $2000 minus aisc of approx $800 (at todays rates): £1600. Minus 10% tolling costs: £1450/oz.
Current Gold from MRE: 4.4Moz . Conversion rate 86%: 3.8Moz.
3.8 x 1450: £5.5Bn.
£5.5Bn x 30%: £1.65Bn.
Shares on issue at time of sale: 6Bn.
Price per share: 27p
I use duracell Tig :)
Z
96dc2 asked -
"...When we get back to the decline. What’s are current timeframe looking like to get down the final 80m vertical?..."
Let's have a stab at that......
MH01 worked out that 550m of the decline was needed to reach the motherlode.
Rational Assessor kindly plots progress about the decline (albeit on hold currently due to depressurisation and dewatering of the lower confined aquifer).
Bamps is monitoring this process closely.
My assumptions:
550m @ 4m/day (average) gives us 140 days of decline drilling to reach ore.
https://www.ggpchat.co.uk/viewtopic.php?t=479&start=20
Decline drilling recommences approx end of february (Bamps - can you comment on this aspect please?)
ETA motherlode: end of July 2024.
IF the above is realistic then the D2M will need to come out by the end of Q2/24.
For me - I expect this to be a major catalyst for the SP.
Z
Hi Speedy - hope all is well.
Don't forget that of the 1% on loan, we don't know how much is actually being used to short. It could be 10% of the 1% on loan, or 0.1% of 5Bn shares.
May I ask - are you able to reply to my question - "why are the shorters holding at around 8p?
Why not 5p? Why not 2p......if their MO is to make money forcing the SP down?
Don't be surprised if you can't answer that Q.....no-one else can.
You've heard the saying: It's not over until the......
We don't have any gold/Copper, until .........we have the gold/copper!
And finally - we are getting nearer to production every day....I don't see the SP rising?
This stock has been getting closer and closer to the gold and has been for years now (since 2019), and voila we seem to have gravitated towards 8p. Shorters didn't put us there, for certain; the markets did because that is where we belong until.......well we all know when.
Best
Z
Well said Chippy.
Persistent reminders by a number of posters over the years continues to reinforce others that we are where we are (SP) because of shorting.
I have asked on a number of occasions why shorters seem to have 'stopped shorting' at around the 8p mark and not continued to drive it down to any other level they so choose. No one has responded. It must be a lucky number (8p) for shorters then!
Very few understand, let alone accept that shorting is essential to retain liquidity in the market(s) provided it is not overdone and 1% of 5+Bn shares is vanishingly small.
What shorting does do (with this share and shares like it), is oil the machinery to try to reflect what the stock is actually worth.
GGP is providing zero cashflow, it doesn't have any gold(yet) and it only owns 30% of a future mine.
This is what the markets are seeing and this is why they provide us with the valuation it deserves currently.
It will change when the circumstances change: D2M, FS, First Ore, FCF.
Then and only then will we (the PI) see another market valuation which we obviously hope will be far north of what we have now. The markets will decide that for us.
You know how much gold and copper we 'should' have when we get there. You all know how much it'll cost to extract and process, so you should be able to work out what the company and the subsequent SP might be worth at various stages.
The sooner we accept our current SP for what it is, the easier it is to accept what it will be worth in due course.
Failure to do this will dampen your expectations - and ruin your investment journey.
Keep your spirits up - not long to go now..................
Z
Evening Timber, hope all is well.
"...nothing is more certain..."
Hmm...I think anything a SuperMajor says is always set in jelly! They can turn at the flick of the wrist in my experience.....one only has to look at the way NCM behaved in their JV with us.
May I suggest something much more certain (in life)....
D2M
Unlike Jelly - this is definitely set in 420m of Permian layer!
Best
Z
Happy Birthday - Tigger! Congrats on reaching 84!
JoubertDuquense - there are ways and means of explaining shorting but I think yours fell short of a little humility perhaps? I put it down to english not being your first language?
Though what you say is true (but difficult to grasp by many) - some humility goes a long way - no?
Whatever guys.
Let's savour and celebrate the twilight of 2023 and the birth of a brand new year for many birthdays and happy events to come, eh?
Peace and Prosperity to all.
Best
Z
H ttps://www.youtube.com/watch?v=lE9ly_RF7mk
This has to be the ultimate antidote against all naysayers regarding GGP and its future.
Not only did Liam do an excellent job targeting all the right areas of questioning on behalf of shareholders but he brought the best out in SD (again).
If HALF of what SD told us - comes true, this is going to be one very very happy ending indeed.
Anyone with ANY doubt whatsoever needs to take time out and listen to this defining interview about why we have invested (and stayed invested) for the last 4 years.
No amount of sniping/barracking/shorting/defamation on this forum can undo what SD has just said is coming, in his interview. This is truly a once in a lifetime investment for many....we simply need to ride it out a little longer and reap the long awaited benefits.
This should be the GGP anthem:
h ttps://www.google.com/search?client=firefox-b-d&q=what+a+beautiful+day+-+queen#fpstate=ive&vld=cid:8812c3df,vid:D2u4Vqb9tqc,st:0
2024 - I can smell it - almost taste it.
Z
Let's just soak this all up - for a minute:
03/03/22. GGP MRE2 published. [5.5mozAu / 218ktCu: 6.5mozAuEq].
21/12/23. GGP MRE3 published. [7.04mozAu / 275ktCu: 8.4mozAuEq].
Ahhhhh..........
[No Ore Reserve figures (the last being 2.9Moz Au), but probably around 3.9MozAu.
This will have to wait until the FS, I guess].
[The OPVM of 7900ozAuEq/m over 1Km in length......OMG]!
And this has now reappeared (to a slightly lesser extent) at depth.......
SD is focussed in digging this out - he isn't particularly interested in the SP or market overview, perse. Promising us the MRE before chrsitmas proves this. It's what we were looking forward to and he has delivered. A man of his word - 2024 shaping up very nicely.
Let's see what NEM decide to do with Hav now...buy us out or JV?
What want mentioned was that the number of shares on loan he’s risen 50% in just over a week?
Shares in loan is not shares being traded?
Short position is still around 1.5% of shares in issue.
Vanishingly insignificant……. Which is why SD isn’t in the slightest bit bothered.
Z
Firstly - thanks to some great posts this morning (from the usual quality posters) - more has been said in these few hours about the way forward than probably weeks of waffle!
I have to confess - I have fallen asleep at the wheel over progress @ Hav. I found that most days on this forum consisted of sniping at eachother, drivel or moaning about shorting. ADVFN has been consumed by a small group of obsessives and GGPchat also has its moments!
All in all, I have wandered away from the 'hub' of activity and joined the thousands who have already been quietly and patiently observing for months (if not longer).
Hearing the groundswell of opinion/news suggesting 2025 is where it could all happen has exasperated me further. The end is tantalisingly close - only to find it's been moved further away (reminds me of teasing the cat with a length of string!).
The MRE(3) won't ruffle feathers - methinks (only to strengthen the suggestion that NEM might still be interested in the JV, I suspect). All eyes on the FS and D2M, I guess - for any reasonable uplift in the SP.
While I'm on - a very merry christmas to those who are onboard and invested @ GGP. A peaceful and prosperous new year.
Z
Morning Barna - agree with all the responses to you this morning.
The 80 kilometres of "infill drilling" since March 2022 is just that - proving up what is already there. As the link below shows, the "icing" is in the top few hundred metre layers (>10,000ozAuEq/m).
Page 14/24 refers:
https://inventum3d.com/c/greatlandgold/havieron
The 3m tonnes/annum is capturing this for the first stage of mining (SLOS), where GGP is looking @ circa £100m/annum free cash flow. This will eventually pay for the Bulk Underground Mine (BUM!) commencing circa 2026/27 and for years to come.
IMPO - I am hoping for an increase of approx 1mozAu or about 1.5MozAuEq. [2.9MozAu - approx 3.9mozAu and 6.5mozAuEq - approx 8mozAuEq] in the MRE(3) from GGP,
As MFU states - it's all about moving from 'inferred' to 'reserves'.
Best
Z