Greatland Gold Share Discussion Threads

[telbap] 14/5/2020 13:34

Which is also the resin the share price is still at 8.8 and not 12p.....time will out

[pr0t0n] 14/5/2020 12:41

1gandhi, most likely.
That`s what I said earlier on 11663.

[1gandhi] 14/5/2020 12:27

Would someone have commissioned Hannam to initiate GGP?

Their website describes their activities in mining sector:

Our dedicated metals and mining team has the depth of experience to work with established industry leaders yet a nimble mindset to help advise exploration companies at an early stage to complete transactions. Mining is our heritage and our team has executed some of the most high-profile transactions in the sector over the last 30 years.

[mirabeau] 14/5/2020 12:25

BollyR

Posts: 330

Price: 8.725

No Opinion

Hannam & Partners - Page 8Today 12:26
A clear target for Newcrest to consolidate 100% ownership
In our view, given the outstanding nature of the resource and its proximity to the
Telfer mine it makes sense for Newcrest to consolidate 100% of Havieron, as the fully
operating Telfer plant is nearing a time when it will need additional feedstock. We
would expect these conversations to be able to start relatively soon as sufficient
drilling has now been done to give both parties a good sense of the size and quality of
the resource. This will become even more the case once a technical study signed off by
an independent third party outlines a life of mine schedule and its corresponding
NPV.
Currently Greatland Gold are in a strong negotiating position, as they should be able
to easily raise their share of funds required to pay for the capital costs to bring
Havieron into production and therefore avoid further dilution of their holding. This
makes the case for Newcrest to take its ownership to 100% even more compelling.
Greatland’s current market cap is £319m or US$390m, which is more than 10 times
our estimate of Greatland’s share of capital costs for Havieron of US$33.9m. We
therefore expect in the future any acquisition of Greatland’s share in Havieron to be
on attractive terms for Greatland shareholders.

-

thanks to BollyR on LSE

[pr0t0n] 14/5/2020 12:15

Looks like a few had seen this report on the other board.
Thanks for the link above.

[daddy warbucks] 14/5/2020 12:09

They are spamming it on other boards.

[maytrees] 14/5/2020 12:04

Is this not the GGP board?

[littlepuppi7] 14/5/2020 12:00

Time to move to JKX. Not ridden the oil price rally at all yet, Unlike here, no debt, p2 reserves over 100m and 10,000 boepd production. Probably the biggest bargain out there at 30m mkt cap..15m USD in the bank at last count and NO DEBT. Not many shares avaliable at the current low price so should move pretty swiftly... Also hold a 10% stake in UNB, Ukraines biggest O+G producer probably worth 30m plus....

Summary of recent expectation smashing final results

FINAL RESULTS

FOR THE YEARED 31 DECEMBER 2019

JKX Oil & Gas plc (LSE: JKX), announces its results for the year ended 31 December 2019.

2019 Highlights

-- Revenue up to $101.7m (2018:$92.9m) thanks to increased production volume in Ukraine, despite lower gas prices.

-- Profit before tax up to $30.4m (2018:$14.0m).

-- Cash generated from continuing operations up to $41.4m (2018:$37.3m).

-- Year end cash position of $20.6m (2018:$19.2m).

-- Final bond payment made February 2020, making the JKX Group debt free.

-- Average daily production up to 10,748boepd (2018:8,937boepd).

-- In Ukraine, production up more than 50% to 5,584boepd (2018:3,677boepd) due to continued execution of development plan.

-- In Russia, well workover programme completed and average production maintained at 5,158boepd (2018:5,169boepd).

[zooman] 14/5/2020 11:56

C, this may helhttps://evaluateresearch.com/faq/Zoo

[coiin stein] 14/5/2020 11:32

initiation report

[ciminna] 14/5/2020 11:22

Sorry to be green but what is an initiation note....don't need the details....good or bad?

[pr0t0n] 14/5/2020 11:13

Cheers Paddy.
I wonder who their clients are ?!

[paddygall] 14/5/2020 10:35

Primorus have just put out a Tweet saying that Hannam & Partners have just put out an initiation note on GGP.https://twitter.com/priminvestments/status/1260855292641902592?s=20GLA - Paddy

[johny cash] 14/5/2020 10:03

Anyone spotted that the footsie broken trend

[telbap] 14/5/2020 09:31

moving to blue

[imperial3] 13/5/2020 18:24

Bunz3

GRC is a recovery play and has been creeping up recently.A trading update is anticipated this month.

[johny cash] 13/5/2020 18:05

And that's conservative.

[telbap] 13/5/2020 17:14

Might get a further bump tomorrow considering the DOW is down 300pts and falling

[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 ,