GNM 0.00% 1.1¢ great northern minerals limited

Have to agree in what you said in relation to the paragraphs...

  1. 9,102 Posts.
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    Have to agree in what you said in relation to the paragraphs quoted by the said poster. I think the Ann was a little vague and didn't give too much away on the missed deadlines which I posted yesterday that I was hoping the quarterly would address before coming out in Post #: 24192201

    On OHD
    A few days ago I said a few things as to what I thought the delays were about in this Post #: 24124863 and am now considering whether the speculation I had in that post might have some minor traction IMO. I think the real paragraphs in the Ann that are worth considering in speculation to the attached post are these for OHD. I still have a speculative feeling that if OHD proves to be as valuable as what we think it is it will be done by way of a JV - and JV waiting on more results before committing - with a pilot plant definitely a first step to iron out any deficiencies in the plant design before moving to commercialisation. All IMO.

    GPP has had engaged with a number of parties during the period to investigate feedstock
    supply, plant locations, various costings and funding opportunities. ........................ GPP will be engaging with Thermaquatica to increase the amount of liquor produced during this period to cater for the increased level of testing primarily with Monash University.

    On Morabisi
    Positive - Quarterly reaffirms have enough cash for initial phases of work and presume some drilling before diamond drilling which is good. Slight negative - no actual timeline on aerial surveys which will still mean that on the ground may be flying a little blind in exactly pinpointing further areas on the acreage (outside what we know already based on the past areas where current assays came from) to further target given extensive weathering in the area but the current assays still will provide good details around in the known areas already looked at whether on what work needs to continue there before diamond drilling (and there are types of drilling - like air pressure testing - that you can do before dd). The delays in the labs continue to be delayed there but my gut feel is we will get results in 1 - 2 weeks which should aid in continuing the exploration program.

    NT
    I am not sure if this is a new statement - I presume it has been said before but with how little was written on the NT arrangements in this Ann this paragraph IMO takes a little more weight here as well.
    It is envisaged that future exploration will include GPP seeking to test the brines for Lithium
    potential.

    We will get a good idea what is there soon, but not across whole acreage (aerial then exporation required there noting there was an old gold mine on the acreage we hold). Given acreage as I have said in the past it might surprise what else is there. If tantalum is there in commercial good quantities with or without lithium well that is still not a bad thing btw. But my initial view based on the last samples is that the spod potential resource could be good but time will tell as those results were ok against the first sampled results from the Pilbara (before they upped their programs there) as I posted previously in Post #: 23272844 When the assays came out on 30 March I stated then that weathering was far worse than what I had expected when I wrote the post here.

    So in a nutshell this quarterly in effect gives a lot of old news and what we know and the few snippets of new news well you have decide for yourselves what they mean. I have given my take above, and the other take is things are still moving but as expected down the spec end of the market delays happen and that is reflected in TA analysis (charts/SP which is what short term holders and traders focus on in relation to todays SP) whilst FA remains unchanged for long termers.

    The other thing that has me buggered is why release the quarterly now instead of what did last time when it was released almost on the last day of the month (30 Jan) - maybe they wanted to do that because they are expecting further news soon which makes the backward looking aspects of the quarterly historical but that is a throw-away line here so don't take too much from that. Have a good weekend.
 
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