Member Info for zoros

Of course gold/copper miners are are directly related to their PM and BM prices??
If gold or copper goes up, the AISC improves and there is more profit, ergo the SP benefits!
What a strange comment to make Red.
Z

Malva - thank you for correcting me. Appreciated. Yes indeed I meant March 2021!
Copied the tax...interesting.
Best
Z

Query: Tax?
Query "time value of money".

The former is never taken into account for any NPV's because it differs, dependent on the personal circumstances on the company paying that tax and any offsetting it has, or credits. Silly idea mentioning tax??
The latter.....sorry, don't speak Irdu.
Z

QF....interesting and well spotted. This issue has been raised in the past by shareholders and indeed by Sandeep himself. Currently there are two 'trains' (production lines), each capable of approx 12Mt/yr. Sandeep mentioned that one train could be committed to Hav alone (foregoing other mine inputs), due to its future volumes.
He also mentioned that approx 2Mt/yr would flow from the first stage mining @ Hav.
This would rise to 20Mt/yr from BUM (bulk underground mining) years from now....and this is where Telfer might need an overhaul.
It's not just 'volume', remember....it's also the grades too......

So 'maybe' an enlarged Telfer in years to come, eh?
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Hi Trumble......I think you'd fit in well as a stockbroker, chatting to other stock brokers but as you well know, we're not stockbrokers. If you'd 'popped in' more often, then you'd know that I guess. Your last sojourn to LSE was 5 months ago?
So let me enlighten you (but using proletariat parlance):
Canaccord gave 25p in June. Others have also made bids, the highest being 29p by BB.
Hannam have quoted 33p. Take your pick. Only Canaccord advised a speculative bid, the others unanimously: "Buy".
https://www.lse.co.uk/ShareBrokerTips.asp?shareprice=GGP&share=Greatland-Gold

I'm an advocate of brokers (boo) because they know more than the punter does and they feed my DD, but I also know their limits. This year even though GGP's fundamentals haven't changed, the broker notes have. They have dropped their recommendations simply because sentiment has dropped.

Sentiment is now back. Broker notes will be back too, to reflect this change in sentiment. Broker prices will lag the market but they will be higher now the dust has settled.

Here's the crux Trumble, using one's own calculations for the SP...post the MRE(inferred) in December, suggests the SP has a long way to go yet. Rather than give you my calculations (I am sure yours are just as plausible), I think this example more easily demonstrates them:

https://mobile.twitter.com/Robbiebobby1/status/1413167025644580869

Remember, the year started with a broker note of 66p for 12.5MozAuEq and you have chosen the lowest broker note for the year (june) of 25p for 11MozAuEq.
Nothing changed or happened officially in between those two very different notes @ Hav, so why are you biasing towards the latter?
If you are well immersed in this stock....you wouldn't have posed your conundrum, perhaps.

Or...perhaps....................... :)

Z

Shorn / trumble / devonkid...let's dispel some myths eh?
The broker figures suggest 33p risked and 66p unrisked.
The PFS will be a written comprehensive report. Go to NCM's website and look at one they 'did earlier' (they pushed one out about a week or two ago). Usually the written word is followed up by podcast / audio and video presentations (dyor) on these.
The 1st PFS for Havieron comes out on the 12/10/21. This is based on drilling they have done UP TO march 2020. It will orbit around 4.2MozAuEq (maybe bulk out to around 5+ ish Moz).
DYOR on what a PFS covers.
There should have been an update to the original MMRE(inferred), last month. This didn't happen. I expect this updated MRE (called an MRE(indicated)) to be bolted onto the PFS. (My opinion only).
In December of this year there will be a 2nd MRE, called a MRE2! It will be an inferred version (MRE(inferred)).
This will encapsulate all growth and infill drilling between the period March 2020 and 1st October 2021. A LOT of drilling! Shareholders are holding their breath for this release to market.

As Jerry said - if you aren't up to speed by now...you can't have a very big holding in the company, or.......... you have so much money....you don't really care what happens to this stock!

PS: I did a 'trawl' several weeks ago about the estimated size of the orebody in the MRE2. The overall consensus seemed to suggest most are expecting between 5 and 10MozAuEq

Some homework for you:

What is AuEq?

Answer:
https://marketcap.com.au/about-equivalent-grade/

Enjoy.
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spud - I wish! If this was the case and there was even the faintest whiff over another "tier1" nearby, two things would happen:
(a) Australia would enter the Guinness book of records for the biggest gold find in its mining history and (b) GGP would be snapped up within months (possibly weeks) of the find being formalised. NO junior would be allowed to retain pssession of such a find!
Let's stick to what we know!
Best
Z

Lot's of chit chat about takeover's et al. Maybe next year, maybe not.
My tenpenneth worth: The global mining market is M&A pregnant.......when's it going to drop is the big Q. And GGP 'may' get caught up in the cross fire.
I am a LTH in Solg. Painful story and the forum is reduced to a wasteland of bickering and infrequent posts because of the lack of progress/news. Definitely one of the biggest gold/copper finds in recent history...but 8 years and counting now...and still no PFS!! Zzzzzzz.
Meanwhile back where the Lassonde curve rules were overlooked by NCM...we are indeed about a year ahead of where we should be. Everything is falling into place nicely, albeit at a racing pace.
I ask myself, why is this? Why has Sandeep put the pedal to the metal? Cast your mind back to the interview with Callum Baxster over a year ago now(?) where we all commented afterwards about the 3D visuals behind him. It was of course the Havieron motherlode. Ever since, I have wondered if 'they' already knew then, what they were sitting on but had to keep it under wraps and follow procedures. I still believe he's doing this to save Telfer from closing and then having to reopen when Hav came online some time later if progress was at the industry 'normal' pace.
But I also think his instincts tell him that Hav is something special.
So much to come almost weekly for the rest of 2021. This website will become overrun by newbies and nimby's and bimbo's. You will need a filtering system to sort the wheat from the chaff....but it's all for a good cause. I think the record was during GDXJ (hydro's fault) where we experienced 795 posts in 24 hours!
It doesn't help when I am on a plane when SD flashes up on Tuesday....a lot of sifting to do!

The PFS will be a work of art (see NCM's last PFS recently) enjoy dissecting it and watch the posts come in!
God help us when the MRE2 lands!!!!
Enjoy your rest day .........
Z

Very!
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doublehun - we're a team as has been said before...this stock is (a) unique, (b) not a drill.
Mustn't forget the quiet ones who are supporting GGP in the background and occasionally become overwhelmed by the rhetoric displayed.
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Sojourner, the next interim from NCM is: 9/12/21.

Message to latecomers.....HOLD FOR GOLD. You've done the hard work [which is holding your nerve for nearly all of this year thus far]. Well done.
Don't cut and run before you look at what is about to unfold.................

09/21. Juri JV discovers gold @ Goliath / Outamind. 5 ASSAY RESULTS PENDING.
09/21. At Hav, additional significant grades identified between 1200m and 1450m.
Significant grades identified in N breccia Potential to expand the MMRE(inferred).
E breccia 600m extended strike length. 18 ASSAY RESULTS PENDING.
120m of decline completed.
Q4/21. MRE(Indicated). SE Crescent and adjacent Breccia zones. (Could be bolted onto PFS).
12/10/21. Hav PFS. (On completion of stage 4, NCM own 70% Hav JV). NCM qualify for extra 5%.
10/21. Los Diablos / Parlay / Saddle reef assays due.
28/10/21. NCM September quarterly results.
10/11/21. NCM AGM.
11/11/21. MSCI quarterly Index Review (effective 01/12/21).
26/11/21. Firetower/Warrentinna mining rights expire.
09/12/21. NCM Interim report.
12/21. MRE(2)(Inferred) for extended SE Crescent and breccia / N. breccia zone.
12/21. GDXJ quarterly rebalance..
12/21. Option for NCM to take over management @ Juri JV.
H2/21. Drilling programme commences – Rudall.

The recent rise based on the precursor to the PFS was the canapé, some of the above (list) is the taster menu. The main course: Wagyu Beef Fillet [MRE(2)(inferred)].

Where will the SP end up as a consequence of this gourmet of delights?
ALL by AIM CoP, 2021.......in just 11 weeks time?

Christmas is coming x 2!

Z

Decision to mine will be made after FS is available. Could be Q2/22.
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Spade... he's a teenager for goodness sake! Give the guy a break. How can a 13 yr old understand a half of what you just said ;)

Nite y'all
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And?

LTL...ponder this then. If you think gold will dip below your generic $1000/Oz and the mine becomes uneconomic..why then has NCM already spent $250m digging dirt.
After all you did say they were God?
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Oi. You lot bu*ger off...I haven't finished with him yet!
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But I thought GGP were running the show.
How many shares have they issued?
How much will the mine cost overall ltl?

I thought GGP owned havieron 100% ltl.
When do they go to 30%?
Do you think they will go to even less and probably sell out?
Thanks for the heads up.

Trying to keep up with this on the move reminds me of the heady days during GDXJ.... remember that?
I try to translate some of the action so as not to leave the newbies/quiet ones/intimidated ones behind. If anyone needs a plain English update on any aspect of GGP's roadmap, feel free to email me: zoros@mail.com.

Meanwhile here is my (conservative) view on what's about to unfold, based on statements/podcasts etc.
It will be based on 4.2MozAuEq, cut off on march 1st 2020. There could be a little more infill meat on the bone. DON'T expect miracles!
This is the way it works and the brokers are pricing it in.
Let's be prepared for that. Anything above this can then be savoured. The PFS should include an MRE(indicated) which is overdue.
After the dust settles.....comes a tsunami of assay results, interim reports and the mother of all news: MRE(inferred) capturing all infills and growth between March 2020 and end of September 2021. In theory this should blow the bloody doors off. Until then expect the market and SP to be volatile.
Sit back and watch the show between now and end of the year.
Z

TT - many thanks for the podcast link...appreciated.
This is it now. We are actually watching history unfold as we permanently move away from the bottom. All bargain prices have been withdrawn.
On the 12th we will see Hav uncovered officially, together with a MRE(indicated) bolted on for free.
And this is just the beginning.
The giant has awakened.
Z