Member Info for zoros

Hi SAS, thanks for the feedback.
Thanks also to Lenz/Dip666 for a very enlightning overview of the VALMIn protocols. Should be 'interesting' to be a fly on the walls of GGP/NCM HQ over this portion (future predictions) of the negotiations!

SAS - respectfully...you cannot claim 14Moz advertised in the MRE as 100% economically recoverable! Feck, mate, we'd all be stinking rich post MRE2!
Look at what has already happened: MMRE flags up 4.4MozAuEq but only 1.6Moz goes to market! (maiden ore reserve).
The brokers are envisaging a further 10Moz. How much of this gets uprated to indicated, never mind to maiden ore reserve? Even GGP expect a small proportion of this to be "realised" at the next MRE2:
https://greatlandgold.com/
Click on "Growth Update 2021" (Page 7 of 27). It says 3.6MozAu Mineral Reserve which includes the 1.6Moz Ore reserve! (see small print).
So it pertains to there being around another 1.9MozAu ore reserve in the remaining 53Mt of ore.
And it is this 53Mt of ore that the MRE2 will be dealing with.
Then we have dilution extracting it and discount too.
So maybe 10Moz additionally from the MRE2 but economically only 3.6 is viable AT THIS PRESENT REPORTING STAGE (MRE2).
So you can't use all of the 10, 12, 14 Moz in your calcs (at this stage(MRE2)).
And the MRE2 will be the basis for the 5% valuation.
IF....IF this (5%) valuation of yours comes true, I will personally drive down to your house and hand over a check for £1000!
15+ people have recommended your post. Either they are eternal optimists or completely ignorant of how this is going to pan out.
Start low and walk it all the way up to the sell out. And sell out it will be:
https://www.youtube.com/watch?app=desktop&v=Kg8RauIPSaE
Listen VERY carefully @ 17:10.
Job done
Z

Listen VERY VERY carefully to Willem's video postedbelow at time: 17:05 and especially @ 17:17
QED.
Job done.
Z

Bubble I think you are a bot. Saying the same effing thing over and over and over and over again, year after year.
Please please try and contribute constructively to this board before you die.
Z

I'd be very very surprised if the VALMIN catered for futuristic calcs on gold in the ground. One may as well pluck a figure out of the air and use that. So the maths (on both sides) must use: (a) known and (b) known unknown's.
Known: the MRE2 results. This will be the starting point for the negotiations.
Known Unknowns: This will be discussed ad infinitum regarding each parties geologists best shot at what they believe 'might' be down there based on all their drilling and the geology of the area. Even this is limited in scope, so a cut off will have to be agreed. A cut off in time - where maybe royalties will be afforded to future finds, all up to a future date, beyond which there are no future payouts....... and a cut off in expected resource amount (pay a % out based on what can reasonably be expected to be mined in terms of ounces.
3 x brokers are suggesting an 'average' figure of $US250m for the 5%. This tells me they suspect the MRE2 will produce an additional 10Moz of which 'x' is indicated, 'y' is inferred.

So in answer to your question: how much gold in the ground: IMO: North of 20Moz ( long term).
In answer to your next Q: 12Moz (from the MRE2) plus 'x' for future royalties/finds.
Z

Evening to you.
Can I run with your estimation of $500m for the 5% post?

"...How many ounces of GOLD do member’s of this board think is in the ground.
And how many do you think NCM & GGP will use, to arrive at a figure to value the 5%.
It’s a genuine question, as I’m trying to put an argument forward as to why I value our 5% to be worth at least $500M..."

If this happened:
GGP's NPV would rocket to £2.25bn.
The mine: £7.5bn.
GGP's SP: 53p.
A 400% increase in the current SP, literally overnight.

Do you genuinely think this to be your view?
Z

Sas as I explained earlier today, the distance covered down the decline is 280m. It’s not vertical depth. If it was depth vertically they’d hit the ore body in may! Production by summer!
Z

For those interested/involved in Sog:
https://www.proactiveinvestors.co.uk/companies/news/972530/solgold-pushing-ahead-with-pre-feasibility-study-for-alpala-deposit-at-its-cascabel-project-in-ecuador-972530.html

CEO virtually states Solg 'probably' won't be building the mine! Hooray for common sense.
Z

Having listened to the first piece of logic and common sense out of solg towers for years, the writing is now on the wall and after fecking YEARS of listening to quades drive us nuts with his diverse book theroy of the univetse and solg going to production, this is the closest the CEO of solg will ever be allowed to go public about Solg NOT taking this to production. Any stronger iteration of his intentions would set the dogs loose in the stock markets.
Quades you are now entering defensive mode and wriggling like a rat in a trap. You are well and trully stuffed mate and your pathetic theroy is as ever dead in the water.
Common sense prevails...Solg remains an explorer and A. N. Other will take this fwd.
And more important than this we can all fook off from whence we came. Amen to that.
Z

Whatever the 5% valuation comes out at, multiply that by 20 to get the NPV of the actual mine.
Multiply that overall value of Hav by 30% and you will get GGP's NPV just prior to the purchase of the 5%.
Divide this GGP NPV by 4,200,000,000 and voila you get your SP.
Z

Droverman - krect! Progress thus far is 280m along the decline path and not in vertical depth.
The 400m is along the length of the decline. I think Bamps worked out the geometry using a 1:7 decline? 3Km length.
Z

Hydro, I'm seeing this:
"...Berenberg kept its 'buy' rating and 24p price target, which it said reflects the recent PFS, retention of a 30% stake in Havieron and a further 10mln oz being delineated outside of the PFS reserve...."
(Together with two other brokers) as a baseline going fwd.
My concern is: When will the 24p happen?
1. Immediately after the MRE2?
2. Once we achieve 12Moz (existing resource + 10Moz)?

BB state the 24p is partly valued on retaining 30%. Will they re-rate once this figure reduces to 25%?
I think the stock is worth 25p all day long after a very good MRE2 and post 5% valuation.....but when? This is the $280m dollar question!

You, like me, think there is a bid on the horizon, if this assumption gains traction in the market place, there is an avenue of thought that the SP might be suppressed until the bid, perhaps.
I expect GGP to disconnect from Hav at or during conversations with NCM about a continuation of the JV @ Hav at the DFS meetings.
Z

Joshsheps - My post @ 1028 also comes from the horses mouth...GGP. I asked about their progress weeks ago and they told me they have issues with an aquifer and soft ground and will be out of it @ 400m. Byrnecut have flagged that all being well after that, they expect progress to be as advertised on their webpage: 154m/month.
The maths suggests this all ties in nicely with the time line for production of the SLOS in CY23.

For some inextricable reason, Redleader is in an open loop mentality. He isn't listening?
Z

sorry 1028
Z

Redtrader - have you got me filtered or something?
Z
Did you read my post @ 1032?

Lenz - concur.
Production will ramp up inexorably, from the piddling 2Mt/yr up to 6 - 11Mt/yr when both mines are running in tandem. To achieve this, the access tunnels need to increase hence a 2nd decline and also a conveyor belt system needs to be built between Hav and Telfer complementing the highway currently being considered.
Telfer max capacity (as it stands) is 2 x trains each of an output of 11Mt/yr.
I guess there could be a situation where NCM touts for business for Telfer from other neighbouring miners like Artemis et al. In that case Telfer would need to expand in size.
Z

We've dug 280m already. Byrnecut and NCM have decided there is around 400m to cut through before leaving the poor conditions behind. This means another 4 months at their current dig rate. Once into the rock they are planning on 155m/month on average, give or take bursts and delays.
This gives us another 16 months. Total 20 months from now. That makes it September 2023.
Production is being advertised by NCM for CY23 (July 2023 to June 2024).
[Byrnecut had an 18 month contract which will be renewed in October of this year].
These time lines fall within the Telfer deadline.
What is the problem?
Z

Evening VS, look at it from another perspective perhaps........anyone who believes GGP is going places, STILL has access to the stock at rock bottom prices! LTH's can accumulate and make even more profit in future.
This really is the bargain of the year.
IF you have faith in GGP....why don't you buy more?

Z

Panama - good evening. If shorting or manipulation was found to be happening say a year ago just after the MMRE and the FBI, DEA, MI6 and RAC were called in and stopped it all in its tracks are you telling me that after every one of the last half a dozen brilliant assay results and good news about progress and expansion etc etc.........the SP would rise....and rise every single time each of the fantastic results came out?
Where would that put the SP now then? A £1, £1.50 perhaps.
Why do disgrunteld shareholders continue to vent their frustrations and anger at "shorters" or "manipulators" because the share sits consistently @ or around 13, 14, 15p?
Rick Rule has said on several occasions, stock only rises on:
A good MRE
A good PFS
A bid.
Production.
or similar 'confirmed' news.
We've only had an MMRE pushing out a moderate 3.4MozAu and a PFS confirming 1.6Moz Ore Reserve, to date. EVERYTHING else has been assays and progress reports based on ongoing drilling. The gold is still down there.
Be patient, the gold won't be stolen between now and production. The gold is coming and they have even told you roughly when...2 years from now.
Even patience is golden!
Best wishes
Z

Just my 14p worth:
Seightsaccount - a number of LTH's are flagging up a suspicion that NCM are (by proxy) buying up GGP shares. Although possible...surely this wouldn't go down well with the industry that one partner is shafting another? What will it do to their reputation forthwith?
Kaneandson - I suspect II's need more than the original PFS to get onboard. Historically a PFS is an admission ticket for II's to attend but ours was really pretty mediocre. I think the MRE2 will change all that.
Peakykinder - We may own 75+% limiting access to official shorters borrowing stock but remember, existing brokers like 212 readily lend out your stock!! Read the small print of the broker you are with and check to see if they lend out ones shares to shorters.

Be not afraid of shorting, it is part of everyday life on the stock exchange - everyone is at it. If GGP was seriously under attack, I ask this: why has it consistently failed to reduce the SP below 12p for the last 12 months. Why stop there, one asks?
YES there is shorting going on @ GGP. NO, it is not a threat, nor is it on a large scale..
The bottom line for why we are where we are is down to basic market sentiment, based on what we FORMALLY have in our pssession right now. Good assays do not a good SP make. Future prospects are captured by sentiment and as we see today, the market liked the latest RNS.
The MRE2 will be pivotal.
Best
Z
https://www.shortdata.co.uk/companies.php
https://www.fca.org.uk/publication/data/short-positions-daily-update.xlsx

Bit like head office @ Solgold.
Z