Greatland Gold Share Discussion Threads

[rose_by_another_name] 26/5/2020 07:51

Minus interest rates in Japan caused
people to keep cash at home. That would
be a bigger problem here. Japan hasn't
as much crime as we do. One big effect
was that Japanese consumers waited longer
to replace consumer goods because they
got cheaper rather than more expensive
with the lack of inflation.

[1gandhi] 26/5/2020 06:26

-ve interest rates in EU led to banks sending surplus cash to US to earn some interest. This reduced capital in EU, leading to lethargic markets. Attracting capital is key to competitive advantage.

[1gandhi] 26/5/2020 06:23

-ve interest rates will lead to even more depression - already witnessed effects in EU and Japan. It’s a question of how confident we feel about the future. Less confidence = drawing into our shells, including hoarding. People will find ever more ways of bypassing the banking system, thereby reducing availability of capital for fractional banking. A slow death spiral IMO.

[stampylong trader] 25/5/2020 18:44

Countries are being forced to use extreme measures to keep the economy afloat amid the coronavirus crisis.

Now, the Bank of England has signalled that it may take the cost of borrowing below zero.

[tumshie11] 25/5/2020 11:37

proton - I don't know anymore and to be honest it doesn't matter - he/she makes no odds and I can't remember why I thought the Angry Geologist was a woman! I think it more than likely I'm wrong.

[paddygall] 25/5/2020 10:19

Wasn't expecting to see anything on the satellite image today with the big storm that has hit WA but there's a small break in the cloud that lets us see the Western section of Havieron

There appears to be another drill pad in the NW in that line of 3 - we'd already seen the ground prepared in that position but good to see an actual sump pad appearing there.

There also is another sump pad appearing in the SW cluster but over towards the West of that cluster so consistent with the 'growing' phase - NCM must be sick of putting all these holes in the ground and finding nothing lol :-)))



ATB - Paddy

[telbap] 24/5/2020 19:14

Lots of masculine references there.Maybe he/she is now a "they"Fluid, like lava ;))))

[pr0t0n] 24/5/2020 18:31

Wow, a woman, didn`t know that, here mentioned as a man

[tumshie11] 24/5/2020 17:31

Thanks Proton. I've been waiting for The Angry Geologist (who I think is actually a woman) to post her assessment of Havieron for a while - it should have been around 8th May but nothing so far.

[johncasey] 24/5/2020 17:00

source twitter

[uknighted] 24/5/2020 12:18

JohnCasey’s source - Temmujin no doubt!!

[pr0t0n] 24/5/2020 12:13

1ghandi,

Maybe doesn`t fit with their strategy.
Results were not that bad.
Scally has all the hallmarks of Tier 1 deposit (size)
Needs to be drilled though, hopefully in July, see what happens

[1gandhi] 24/5/2020 12:09

JC sources please!

[johncasey] 24/5/2020 11:52

get into alien metals this week..rumour of huge silver deposit UFO

[1gandhi] 24/5/2020 11:49

Is my reading correct that the drilled holes at Blackhills have overall been more disappointing than the initial rock samples found on or near the surface suggested?

[1gandhi] 24/5/2020 11:46

Thanks for updated reports pr0t0n.

[pr0t0n] 24/5/2020 11:15

tumshie11/

This guy said he`d look at Havieron. I`ve been following him for many years, usually TSX stocks, also a few LSE like SOLG and MARL

[waterloo01] 24/5/2020 10:59

That's my issue with the current market cap and why they are and need to focus on the rest of Patterson to justify the value. Would Newcrest pay $330m+ for 30% when they 'paid' $65m for 70% (actually they didn't pay $65m as GGP didn't get anything directly but invested in drilling).

[tumshie11] 24/5/2020 10:44

At the end of Stage 4 Newcrest will have acquired 70% of Havieron for $65 million. If, for example, the MRE is for 1 million ozs Au, Newcrest will have paid just over $65/oz of gold in the ground - not bad. At 4 million ozs it comes down to $16/oz - very good. At 10 million oz it's $6.5/oz in the ground - amazing, stunning etc. You can see why SB is so happy with his initial gamble on Havieron - from his point of view even a modest deposit has been a reasonable return and gives Telfer a new lease of life. He is bound to sing Havieron's praises.

From our point of view we have a company with a market cap of £325 million and if we knock off £50 million for the other assets that gives £275 million or roughly $334 million for 30% of the deposit. At 4 million ozs of Au that means 334/(4x0.3)= 278 $/oz in the ground - quite rich - and for 10 million ozs we get $111 $/oz - not bad. So, two sides of the coin - even a small deposit has SB singing its praises whereas we need a fairly large deposit to justify the current share price. It gives me great confidence that Newcrest are involved but I think they would be comfortable with a much smaller deposit than we are, given the gamble they took with GGP.

For me this company has performed very well but I've been burnt in the past with AIM stocks and swore I would never invest in them but now GGP is by far my largest holding - I never normally let a share account for more than about 5% of my holdings and I'm well, well over that now!

Any thoughts? If my argument is mince then I'm more than happy for the flaws to be pointed out.

I have tried using Recmin to model the deposit - see below - but the entire program is in Spanish and I gave up. Are there no mining engineers out there with access to some professional mine modelling software or anyone on this forum who speaks Spanish and can use the software?

[pr0t0n] 24/5/2020 08:18

Australia – An Ancient Land of Plenty

[pr0t0n] 24/5/2020 07:08

That`s an old report.
Here are the last years results, see bellow.
Scallywag is their prime target/

[1gandhi] 24/5/2020 05:11

Posted by hydrogen on other bb:

“Black Hills has been previously investigated, in a fairly superficial way, by Newcrest, and four main mineralised zones demarcated along a five-kilometre strike length of a north- westerly trending antiformal structure. The carbonate-rich meta-sediments and the structural style are analogous to those hosting the Telfer gold-copper mineralisation, and the gold mineralisation revealed at Black Hills by earlier Newcrest exploration and the most recent Greatland field work is similar to that seen in the uppermost and earliest-mined portions of Telfer. Newcrest identified high gold grades in rock chip samples, commonly around 20g/t gold, but some GGP samples returned up to 90g/t, with visible free gold in places.

[wisteria2] 23/5/2020 21:41

Tempted to emigrate .... some great fishing and enough coast to go around.

[pr0t0n] 23/5/2020 07:25

While Australia’s current mineral expertise is concentrated on being the world’s top exporter of iron ore and coking coal, the country also has significant other advantages.

Australia is also the world’s largest producer of bauxite, the base for aluminum, in which it ranks number five in global output, according to the government agency Geosciences Australia.

It also ranks fifth in world copper and cobalt output and has the second-largest reserves of copper, cobalt, bauxite, and is ranked third in reserves of lithium and rare earths.

Having benefited from the rapid industrialisation of China, Australia is probably the best-placed country in the world to tap into the switch to renewable energy in coming decades.

The country ranks highly in the annual Fraser Institute survey of mining companies for investment attractiveness, with Western Australia state ranked the top jurisdiction in the 2019 survey, released in February.