Greatland Gold Share Discussion Threads

[pr0t0n] 15/2/2020 14:59

Oz Minerals using a process called sub-level caving.
The deposit is shaped like a near vertical pipe and sits under approximately 500 metres of unmineralised rock cover.

Pre-production Capital Cost Summary for Carrapanteena

[alangriffbang] 15/2/2020 14:54

Thank you Timberwold keep posting ,

[tom111] 15/2/2020 14:35

Thanks TIMBERWOLD I also wish you well with your investments

[tom111] 15/2/2020 14:31

If the cap fits 10p.

[timberwolf] 15/2/2020 14:26

Please tom111, are you serious? Just "holes in the ground"? :-)

I can't quite understand why you don't appear to be able to accept that some investors are prepared to take a risk, sure, relatively high, at this early discovery point in the Greatland Gold timeline. That said, quite frankly, I haven't seen anything like this current situation, and future potential, for a junior 'miner' for many, many years. Practically every drill hole, including step out's, from the start at Havieron, is pointing towards a major new find, which is still indicating to be increasing in size. At the same time this is also backed up by a major partner in Newcrest Mining, who already have their Telfer facility ready and waiting for production, in one of the most mining-friendly jurisdictions in the world.

Even if you put that specific, massive, future potential aside, Greatland Gold also have the possibility of, what is being called, a "second Havieron", or even better, at their, still, 100% owned, Scallywag prospect. You only have to combine that with the potential funding, to pay for that Scallywag drilling in the next few months, coming from the possible sale of their 100% owned Firetower and/or Warrentinna prospects, rather than a cash call and further share dilution.

Quite frankly, IMHO, what's not to like as things stand now?! :-)

Seriously, good luck in your other investments. Why you sold up your GGP holding is entirely up to you, and, of course, I have no issue with that, whatsoever. We all have our own investment strategies, but, as I've said to other doubter's, let's just compare notes at the end of 2020, when things could be very different from what they are now. :-)

As always, this is purely my own current viewpoint. I'm not concerned, whatsoever, with short term share price movements, and have no interest in second guessing the market, due to a long term hold strategy for GGP with a current average buy share price of 1.40p now, from an initial buy, back in January 2018, at a price of 0.69p, like many other's, topping up on the dips, as we've pushed forward.

DYOR. :-)

[pr0t0n] 15/2/2020 14:04

Holes in the ground, come on TOM, wtf.
If you apply that logic SOLG would be worthless, 3 billion to develop( yes they have NI-43-101 and PFS)GGP will have by the end of the year.
Processing plant and airstrip are already there at Telfer!
Regarding CAPEX, nobody knows at the moment what method Newcrest would use, so I can`t comment.

[10p here we come] 15/2/2020 14:02

..there's one born in every village.

[tom111] 15/2/2020 13:45

We all have different opinions Proton imo all we have here are holes in the ground may be wrong but I understand the mines will be very deep will be very expensive and take a long time to come to fruition.Correct me if im wrong.The best bet is for a T/O but until such times imo the share price will drop further until further gold is found at least

[1gandhi] 15/2/2020 13:30

Did Newcrest sound a little less upbeat about Havieron compared to last year? Might explain the deflation in share price since?

[pr0t0n] 15/2/2020 12:42

Comparing to AAZ is pointless.
Why not compare to Aurelian Resources ?¬
That one was 1/2 billion dollars without NI-43-101.
T/O 1.2 billion , never produced an ounce of gold.

[imperial3] 15/2/2020 12:31

Correction, my purchase price was 2.87p

[imperial3] 15/2/2020 12:25

Timing is everything as well as hindsight.I bought some of these on 06-12-2010 at 0.0287p.I do not know how many placings and the issuing of warrants have taken place since then,all adding to dilution.Therefore considering all this time,the paper profit is not all that significant.Oh,the salutary tale of investing.

[daddy warbucks] 15/2/2020 12:15

Tom,They have spent million already on Havieron and you have seen the stellar results in the Rns.They wouldn't be spending millions more if there is nothing there. Come on. Believe what you want. But they are increasing the step outs for a reason, as they have stated they haven't found the edge of the resource yet and it is open at depth and length.I know where my money is staying, but good luck to you.

[tom111] 15/2/2020 12:06

There may be gold but how much look at oil companies they spend millions and the wells are dry.$25m is peanuts for them.Len has a good point regarding other shares especially AAZ loads of gold good profits cash in bank and a DIVI.Surpose your going to filter me because you disagree with me everyone can have an opinion.By the way look at ROCKS share just as a matter of interest.Always risks

[daddy warbucks] 15/2/2020 11:35

Le0nard,You believe that Newcrest are spending another $25 million this year so that they can definitely say there is no gold at Havieron. Because that is what you are saying. Everyone who has been here for some time knows what is going on and what we have. One of the largest deposits discovered in the last few years. You don't need to believe me, read what the CEO of Newcrest says and bear in mind the ASX in Australia is tightly regulated, so he has to be careful what he says. He is really excited about Havieron.Sorry but your lame attempt to bring the price down to get in cheaper is so obvious. Now filtered.

[pr0t0n] 15/2/2020 11:28

Well, no JORC yet Leonard.
We have to wait for that , end of the year.
Ideally Newcrest could publish it prior to their AGM - 11/11/20.
This is Tier 1 discovery for sure.
GGP`s next drilling season will test multiple targets, all in the vicinity of Telfer.
Telfer is 24 mt/pa processing plant, where all ore will be trucked and processed.
Greatland is exploration company and T/O target at some point, mgmt have no intention going into mining.
Paterson provice:
Rio Tinto south from Scallywag/Havieron, Newcrest west.

[timberwolf] 15/2/2020 10:52

Do recent strong share price moves from London’s junior miners herald a return to the good times?

PROACTIVE 14/2/20

[tom111] 15/2/2020 10:08

All those posts already 10p calm down nervous are we

[paddygall] 15/2/2020 10:04

Morning guys - no work today so has a little lie in.Definitely new activity in the SW corner today and I'm pretty sure there is a new pad in the NE sector as well.https://twitter.com/paddygall1/status/1228588739695435776?s=20Can't wait to see the results from the assays for these drills.GLA - Paddy

[le0nard] 15/2/2020 09:40

Sorry but still massively over priced imo. Can someone tell me why this is cheap?

compare what you have here to other gold shares, pog, aaz, srb, hgm,aau, atln,cgh,slp etc etc etc. £150 million for what. you haven't even got a resource.

[10p here we come] 15/2/2020 08:33

Numis Securities said:

“Whilst the shares have performed strongly, we believe that this is just the market beginning to catch up with the very positive drill results generated over the past 12 months. In our view, these results, and NCM’s level of ongoing commitment, are indicative of a project that is going to get developed, with ore being trucked to NCM’s 22Mtpa plant at Telfer.”

The analysts concluded: “We retain the view that GGP is one of the most exciting exploration projects globally at this point and note that, beyond Havieron, little value or attention has been paid to the company’s broader land holdings across the Paterson district that remain essentially untested.”

[10p here we come] 15/2/2020 08:16

Earlier this month, NUMIS upped their price target from 4p to 6p. Where are we now?

Exactly!

[10p here we come] 15/2/2020 08:04

Exactly, and with Newcrest drilling as if there is no tomorrow, the weather improving for them over the next two quarters and no immediate funding concerns, this has to be one of the most exciting early development mining projects in the world. Australia is one of the safest juristictions for this kind of activity as well.

Hence the share price just recently, like this week, ballooned. This is just the start. Yes it will yo-yo of course, as punters take profits, panic, or whatever else they want to do, but the facts have not changed, and have even improved, day on day.

Let the share price rock 'n roll, but as with the rise in SOLG in 2016/17, it'll only be heading in one general direction this year and the next. And that is UP. Like a rocket at times, as we have just seen. Enjoy!

[timberwolf] 15/2/2020 06:57

Some of the Numis comments when upgrading GGP from 4p to 6p:

“The market is just waking up,”

“Whilst the shares have performed strongly and are up 60% in the year-to-date, we believe that this is just the market beginning to catch up with the very positive drill results generated over the past 12 months.”

“In our view these results and Newcrest Mining’s level of ongoing commitment are indicative of a project that is going to get developed,”

“We retain the view that Greatland Gold is one of the most exciting exploration projects globally.”

[robdevon] 14/2/2020 23:21

I bought into KOD yesterday