Member Info for zoros

The broker downgrade from 33p to 24p is because the capex for the SLOS has gone from approx $150M to nearly $350M.
In the PFS, NCM changed the design of the SLM and consequently the costs incurred. Brokers reacted.
Z

Jiffybag: Your 2359 post last night:

"....How much mineralisation / ore is there likely to be if any in the first 450 vertical meters of the decline that can be succsessfully harvested and turned into cash?..."

Nil / nada / nowt.
Z

A very comforting 20/20 news release and assay update, indeed.
The NCM video @ 4.19 and 8.29 tells us all we want to hear at this stage.
https://www.youtube.com/watch?v=buSlUw3dkio
Remaining outstanding 11 assays will probably be bolted onto the next NCM reporting period (27/1/22).
Growth results covering NW Pod and Zipa, N and E breccia.....will provide a boost to an already comprehensive resource in the SE Crescent zone. Infill complete...just growth drilling going fwd.
NCM are flying and we have only just seen the beginning of the mother of all motherlodes down there in WA.
An RNS by SD tomorrow am. He'll be a happy chappy.
We end 2021 with a continuation of growth @ Hav.........for those who 'hold the line', they will be rewarded.

Juri, quietly covered. the Saddle Reef and Parlay assays are either still overdue, or poor. Not much said about NCM's 2nd JV sadly. But who knows.

PS: "Getagripyoulot" is a manifestation of someone already on here who wants to air his real views but under his original moniker...can't, so he has unfortunately resorted to 'going under cover' to vent his spleen. Sorry it's come to that for you buddy.

Z

Bozi -
"...You simply have to hold on to exceptional projects like this for dear life and let them go at the right time..."
Blatent and obvious springs to mind. You aren't the messiah are you?
Z

Another cracking post bubble.
Z

Afternoon walkabout.
I will assume you are not a Solg sh. To compare the two minnows, like for like could prove difficult and at the very least take up the rest of the afternoon discussing it. So, if I may, I will highlight why I think that (pro rata) GGP is more highly priced than Solg:
GGP has completed its PFS. Solg hasn't.
GGP is in a mining friendly jurisdiction. Solg isn't.
GGP(or rather NCM) have a mining plan. Solg don't.
GGP 'talks' to the shareholder. Solg rarely speak to their shareholders.
GGP has a cohesive BoD. Solg doesn't.
There is a timeline to production with GGP. The timeline for Solg is precarious and unresolved.

On your last point (broker prices).
The latest from BB shows 24p. Between them (Canaccord/SiCapitol/Hannam) show between 33p and 66p long term from past broker notes. The reason for the latest downturn by BB is solely because the SLOS costs have almost tripled. ALL of these quotes are/were based on between 10Moz and 12.5Moz. Be not afraid of this devaluation by BB, they will ramp up accordingly as more MRE's appear.
Solg are HUGE and growing as more of their regionals flag up resources.
10MtCu / 22MozAu / 100MozAg in one tenement alone. Latest Broker model suggest an SP of 105p unchanged for months now.

Hope this helps?
Z

Q4/21 90,000m growth drilling continues until July 2022.
Q4/21. 24 Assays pending.
09/12/21. NCM Interim report. (Australian: Eastern Standard Time).
09/12/21. GGP RNS (Exploration and development update).
12/21. Option period to buy 5% commences (deadline: 12/22).
12/21. GDXJ quarterly rebalance.
14/12/21. GGP AGM.
12/21. Option for NCM to take over management @ Juri JV.

Z

I never cease to be surprised why so many still think the SP is currently underrated...
Comments like "horrible year for the SP".
Market manipulation holding the SP back.
Shorting causing the SP to stay low. (It forms a part of every day life on the SE).

In fact it frustrates the hell out of me if I am being honest.
Why can't "investors" (and I say that with tongue in cheek) understand why the SP is what it is?
Perhaps it is because many have lost so much that they think it's 'unfair', or it has become personal and they are consumed with doubt about their investment strategy.
I have been and am invested in more than one junior exploration company...been doing it for years, so what I see now is what I have come to expect.
I say again: There is 2MozAu indicated @ Hav currently. GGP owns 0.6Moz. ALL of it is in the ground. The market has afforded a value of circa 15p..THE END. Suck it up.
[Solg has atleast 20MozAu and its SP has been around 20-30p for years - because its gold is IN THE GROUND still).
When the MRE2 comes out next year, the brokers expect circa 10Moz of which 'possibly' (my words) approx 3.5Moz could be rated as indicated (in total). They have afforded this increase in resource, the princely sum of: 24p. Suck it up guys.
NCM own 70% of everything. Remember that. The SP reflects this.
The SP of a junior miner (or minnows as I call them) always lags behind the prize.
There is a process to follow, a game to play and GGP are no different from any other minnow.
All being equal, the SP will steadily climb especially at seismic moments but it is where it is currently because THE GOLD IS STILL IN THE GROUND. When that circumstance changes....that is the time to watch the SP like a hawk.
Calm down, do some research, look at other minnows as they progress along their own paths and cut through the incessant ramping (just as you do with the doom mongers), to properly prepare yourselves for the final outcome.
The halcyon days @ GGP are over. Making 3 or 4 digit (or even more) profits are gone forever. If you weren't one of those during that period.......it ain't going to happen now. Suck it up.
Everyone who is in now, will make a decent profit...one, definitely two years from now but do your own maths and try to understand why GGP is in this 15p channel for so long.
The rest is down to patience and resilience.
2022 WILL be a good year for GGP...its time is coming.
Z

You are Earthling, r u not?
You can 'uncloak' now....no-one cares anymore (except Quades!).
Z

He's at work presently lenz. He never posts between 8 and 8.
Let's enjoy his absence.
Z

BiggL....you're digging a bigger hole for yourself, each time you post. Your posting history is already showing signs that you are inconsistent, to say the least and now you flag this up:

".....The project economics do not include the tolling arrangement whereby capital expenditure such as upgrades to the processing plant at Telfer will be paid by Newcrest 100% and Greatland will pay a capital contribution and tolling margin to Newcrest as part of the proposed tolling arrangement..."

The above confirms what Hydrogen stated an hour ago...NCM will be paying 100% of the Capex costs such as upgrades..... perhaps english isn't your first language and you have struggled to interpret this? If so, I forgive you but why have you just confirmed what he stated?
The quote goes onto declare that GGP are part of the tolling agreement. Do you know what that agreement is? I do. DYOR and report back to me when you are suitably briefed.

I have spotted numerous 'glitches' scattered across your history (there is a cracker on Oct 24th by the way), which suggests that once people start manipulating facts, it becomes much harder to maintain that deceit.
But carry on biggl. You have a cross to bear most certainly, probably because of what happened to you as a child perhaps? Of late, someone has upset you on this forum and you 'feel the need' to 'deceive'.
How many GGP shares did you say you had? Oh, you didn't ...and you haven't.........

Run along bigl, run along.....
Z

Nice one Jason. Uplifting results after a sea of mediocrity. Another open pit, it seems. Work starts next Monday!
Z

Novochoc:
"...Happy novicehunter let me remind you that this is an anonymous bb and I can post any old tish I like especially when it is about a pillock like yourself. Let me remind you that if you are invested great job you’ll make a tidy return in the not too distant future if you’re not the kcuf off..."

Love it Happy.
Z

Quades - you'd argue with yourself if you stayed awake long enough.
Z

Let's just think about this for a minute....I have no shares in Solg yet continue to post and deliberate for 8yrs+. Where is my psychoanalyst when I need her.
I like a balanced view of what is happening and to date:
NOTHING IS HAPPENING.
NM has b uggered the whole show up.
Solg can't construct a PFS that looks remotely economical without praying and hoping for additional regional resources.
The share price has wallowed, in fact withered on the vine.
Nothing has happened.
They couldn't find a CEO for 12 effing months....mmm?
They need open pits to get the ball rolling.

And then this happens (constitutional court hearing). [Dodgy jurisdiction].

Face facts guys...solg is where it is because of all of the above.
And some of you still bury your heads in the sand.

The ONLY solution is a JV. Nothing else works.

Let's get the PFS behind us and hopefully this will trigger some action.

(The above list is a balanced view...it's just that the bad news balances other bad news).

Enjoy your ignorance...better still, pray for a quick cull.

Schitster and your wife - fat jenny (fjny)..... -
"...Please don't take that as professional advice as I'm barely qualified to make tea...."
"....it talks about cascabel and clearly states that it's not in a protected forest so has no relevance to us on the solg board...."

I think you need to add 'the inability to read properly' to your paltry list, too:

https://www.theguardian.com/environment/2021/dec/02/plan-to-mine-in-ecuador-forest-violate-rights-of-nature-court-rules-aoe

"...The ruling by Ecuador’s highest court, published on Wednesday, upheld the rights of nature, which are enshrined in the country’s constitution, and said they applied across the whole country, not just to protected areas...."

Teaboy and ladyboy....do some research eh? if only to keep up.

Z

"...Will you reach out and end this nonsense in favour of reaching our common goal which is a sound understanding on what is happening to our investment without attacking one another for thinking differently? Let's drop words like moron, conspi******, idiot etc ..."

".....Don't listen to desperate idiots like Redknight ..."

Sorry Slug....what was your point in the first place?

Z

jaguarflush....no-one would be foolish enough to predict the SP, 18 months from now, too many variables. Everyone needs to manage their expectations for a possible hike in the SP when the MRE2 (Q1/22) comes out.
Berenberg estimate 25p (ish) based on the recent PFS of 2MozAuEq (ore reserve) AND additional 'inferred' resource of 10Moz. (read their latest broker note).
Now to get to 25p, the MRE2 would need to show something like.......
3.4 or 3.5MozAuEq indicated and the remainder inferred.
So IMO...Berenberg are expecting the MRE to climb from its current (feb'21 end of drilling results) 2MozAuEq to 3.5MozAuEq (Feb'21 drilling until approx end of Dec 21, possibly early Jan '22 drilling results) . Assuming the MRE comes out in say....feb '22.
And they 'assume' the SP will be around 25p as a result.

One HAS to keep in mind this is only from the original MMRE volume (SE Crescent and N breccia (partial)) .
Gawd knows what else is queueing up behind all of this from accumulating growth and infill results.
There will be more MRE's going fwd, each of them adding to the capital asset that is GGP.
Slowly slowly catch a monkey.
Z

Smickster - don't understand your Q. Read the CGP transmission and everything is revealed.
Don't scan over it....read it. It talks about Cascabel.
And bear in mind, this is a message from Ecuador (constitutional court) stating that what may have been 'OK' in the past....isn't now. They simply changed their minds!
Z

Seanhunter - I'm way past the point of caring now. 8 years of my life reading bo llox on here, being suckered in by NM telling us "shock and ore" (or whatever the old fart stated), telling us we're on a role...blah...blah, 8 yrs of the SP sliding downhill, little, dull or no news......gets to the best of us. I just want out at the earliest profitable point.
I guess if Rio doesn't do it....all eyes are on the PFS and we all know why this has been delayed (because NM thought he had it in the bag until KM came along and wet himself!). It's been delayed because it is 'mediocre' at best and they are desperate to bulk it out with additional resources.
My only hope is a JV @ Alpala/Cascabel.......please god make it happen and soon.
Z