Greatland Gold Plc (GGP.L) £1,000,000,000 Market Cap – Where to from here? abm September 19, 2020What an astonishing week for the mighty Greatland Gold Plc (GGP:L) share price this week on the London AIM stock exchange. The Friday close was technically 27 pence per share on a massive 250 million shares in turnover.@DavidLenigasAnd aftermarket there were massive prints, one of which was 3% of all the shares on issue in GGP.What’s more remarkable, is that up until now, most of this market value increase in Greatland has been driven by retail share traders all the way from sub 1 pence a share. Until now, no Fund Manager has stuck its head up owning up to a +3% reportable/disclosable stake in the Company.But I suspect that may change this week coming. Was it the Gold ETF, was it Newcrest, was it another fund manager thinking this is a great punt? I have my suspicions.And why is GGP punching through £1 billion in value? Simple, the Havieron gold discovery, only 40km due east of the famous 27 million ounces Newcrest owned Telfer gold mine, is truly one of the great Australian gold discoveries of a generation and maybe a few generations.It won’t be long before Newcrest and GGP report their maiden JORC Gold Resource. We’ve been told it’s in the coming quarter. We all know it will be BIG. How big is anyone’s guess? But the first published number won’t the end of it all. The Havieron deposit just keeps growing and growing and delivering.First, it was the coincident Magnetic and Gravity anomaly drilling. Now it’s the new Beccia zones, and there will be more.And what about GGP’s Scallywag project to the immediate west of Havieron. There is no reason at all why there won’t be more discoveries there. And Scallywag is 100% GGP’s. No JV there. Drill away GGP.So, what’s next?£1.5 billion value, £2 billion or maybe even £3 billion.As soon as the Fund Managers start taking their +3% disclosable holding in GGP, which is inevitable, this could get very exciting indeed and very quickly. Blink and you may we’ll miss it.What I really like about Havieron, as we know it today, is that Newcrest is now employing the decline management and crew. They want to get into this orebody yesterday. And the recent news on the progress of the Mining Lease is a great step forward.I know from experience how hard it is to convert Exploration Licences to Mining Leases. Great work from a great Australian gold miner. Plus there is a very hungry +20 million tonne per annum plant at Telfer that will soon run out of ore. Havieron will add decades to Telfer’s life.One of my oldest friends (sadly departed now) was the original Mine Manager at Telfer. I also spend time at Telfer sinking their new decline in the 1990’s. The rocks there were great for declining. I think Havieron should also be OK for declining. Newcrest knows what they are doing.
NCM Price at posting:
$32.81 Sentiment: Buy Disclosure: Not Held
