Greatland Gold Share Discussion Threads

[telbap] 13/5/2020 17:10

Tweeted by @paddygall1. hTTps://ukinvestormagazine.co.uk/greatland-gold-shares-build-base-as-market-awaits-further-havieron-results/

[pr0t0n] 13/5/2020 15:45

Unfortunately Brock Salier (Sprott) did not do follow up.
After that initial Sprott report in January 2019 I contacted Steve Todoruk, their senior geo.
I exchanged emails with him regarding Mariana Resources ( Sprott was a large holder ) couple of years prior so I knew he would be easy to deal with.
For a obvious reason I can not disclose conversation.
I`m holding, that`s all you need to know :-)

[1gandhi] 13/5/2020 15:36

From corradus on other bb:

Thanks for all the comments re figures used for NPV model. Appreciated and helps to get a more realistic minimum figure.

Copper price - I've decided to lower this as both Goldman Sachs and Citi lowered their 3 month price targets in March 2020 to $4900 and $5000 respectively (GS down from $5900). I'm going to use $4800/t.

Gold price - good point about NCM ore and resource prices. I'll produce figures for a range of prices, including these.

Au Moz - not a direct feed into the calcs as ore tonnage, AU/Cu grades and throughput used, but it is calculated so I'll list it.

Recoverabilty - I have used 85% as the recoverabilty for both Au and Cu (working from NCM March 2029 qtr for Telfer - used underground recovery figure for gold).

Shares - Good spot! Yes I'd included the Pacific Trends figure twice... So the correct figure is 3670891766 (in issue) + 132155405 (remaining warrants) + 259500000 (options) + 145530000 (shares to Pacific Trends if mine developed. Did wonder if this is due if Hav is sold to NCM pre-mine. I would assume not?). This gives a correct total of 4, 208, 077, 171.

AU grade - I used 2.5g/t based on the fact that the March 2020 qtr figure for Telfer was only 0.97g/t, and given SB comments re 10x grades I don't believe 2.5g/t is unreasonable...

Specific gravity - although not commented on I have revised this up from 2.9 to 3.0 as I revisited a Mining Maven (Elephant in the room) article where they state that 3 is "broadly expected in the regional geography".

I have little idea of the discount to NPV NCM might receive on a sale or what the tax implications and impact would be on any sale. Maybe others may have a better insight into this?

So what does this all do to the figures? With all other parameters being the same (copper grade, throughput, mine lead time, mine life, NPV discount rate, etc.) this gives:

Au Deposit size 13Moz
AISC $995 / oz sold (excluding by-product credits, and see below)

Au ($/oz) - Share price (p)
1000 - 7.86
1200 - 13.62
1250 - 15.06
1300 - 16.50
1500 - 22.25
1750 - 29.45
2000 - 36.65

The AISC $/oz sold was calculated using NCM March 2020 qtr "Net Cash Costs" base figure ($1016), and then removing ALL credits including by-product credits (which I calculate separately and then add-in later), leaving ALL debits unchanged, assuming no inventory movement, and finally adjusting mining/milling cost based on ratio of assumed new grade to old (current) grade at 0.97g/t (the basis is that mining/milling low grade ore is pretty much the same cost per tonne as mining/milling high grade ore...)

I am hoping these are worst case figures (if not let me know and I'll change them...)... an increase in gold grade to 3g/t adds more than 25% to share price, an increase of one third to the ore body size adds 16% to the share price, an increase of one third to the copper grade adds just under 20% to the share price... Lots of scope for improvement.

[alangriffbang] 13/5/2020 15:34

Stick with it millwallfan,I sold half at a good profit and am in for the long term with he rest ,I also like shanta but it has faltered this afternoon,the Dow is down again and that’s why our market is down also , keep smiling ,

[millwallfan] 13/5/2020 15:23

Hi 1g. Yes a very useful reminder of the very detailed analysis of the geology of our holdings. The potential resource is staggering so it’s fingers crossed for me as a very new investor.

[1gandhi] 13/5/2020 14:56

Crazily accurate analysis ( it appears) by Sprott over 1 year ago.



Suggests 10 Moz Eq Au for cylinder 80m radius x 1000m depth @ 5g/t.

How many such cylinders could one fit into Hav from what we know so far?

[telbap] 13/5/2020 14:19

Lol you are joshing right maytrees?

[srpactive] 13/5/2020 14:12

Very nice and positive looking chart at the moment, it appears a flag is forming especially as we have taken out ( intraday ) 8.69p.

dyor

active

[maytrees] 13/5/2020 13:44

So far the GGP share price gains have continued - slowly but surely - though no reason comes to mind.

[bunz3] 13/5/2020 12:09

ncyt starting to move

[pr0t0n] 13/5/2020 11:37

Rio eyes M&A

[bag158s] 13/5/2020 11:18

BHP to bid?

[maytrees] 13/5/2020 10:33

Good morning

Pleased to see the share price gain despite masses of apparent sells - a reversal of yesterdays trades perhaps.
Hard yet to say from analysis what the gold etc mining might prove to be worth though the indications so far seem excellent.

[johncasey] 13/5/2020 06:20

Primorus still only o.13 in old money..quite unbelievable considering they hold thirty seven million shares in greatland...and have several other major investments worth millions..one share i will be buying this week

[divmad] 13/5/2020 05:52

He wasn't referring to the entire resource. Doh.

[1gandhi] 12/5/2020 22:13

With grades being 10x Tefler’s current grades (0.97 g/t), possible to arrive at a rough resource estimate?

[telbap] 12/5/2020 20:34

And the all important cost per oz will be so, so, so much lower.....increasing the value of our 30%

[wisteria2] 12/5/2020 19:44

Knowing Newcrest need more ore as tefler is nearing end of life, is the kicker ! 9 rigs and drilling as fast as possible to clinch 75 percent! and its the 75 percent of 7-10-15- or 20 million 0z Au. No one knows yet as the perimeters have not been defined. Exploration is painstaking but havieron is intriguing to say the least, and sure enough some very experienced eyes have looked over those cores as revealed on site. This could result in a spike anytime in my opinion but each to there own. gla

[pr0t0n] 12/5/2020 18:12

TEL,

Resource by end 2020 and a PFS by middle 2021.
=======================================

Not surprised.
Get rich overnight crowd will disperse at the end/
It takes time , not hard to understand.
Exploration is painstaking business,¬""!

[timberwolf] 12/5/2020 18:10

For those that may have missed the BOA presentation, here it is (10 mins.+ in are the juicy bits! :-)):

[telbap] 12/5/2020 17:57

Re NC Merrill broadcast today. Love the closing line from Sandeep, we have 9 rigs on it Sophie, were drilling as fast as we can!Resource by end 2020 and a PFS by middle 2021.Maybe another small surge tomorrow back towards 9p after that, we need GGP to get dates out for Scallywag drilling. .....all about the Scallywag now....