Link to Hannam & Partners broker report 21/07/22:
GGP_12_20220721_Update.pdfHey
@GoGreen1 , I'm not disputing at all the monstrous size of Havieron. And yesterday's US $60 million for 5% valuation of Havieron is obviously not a true value of the asset.
But say, if 20Moz gold is at Havieron, it'll take several years of drilling, probably into next decade, before confirmation of that resource there.
GGP made a JV deal for 25% of Havieron, which means if it ever gets to 20Moz, GGP'S 25% share is 5Moz gold.
The 2 latest broker reports from Sprott, and Hannam & Partners released in last 7 days make valuations on future mining scenarios with block caving and other underground bulk mining methods. But in reality, that scenario will not begin until another 15 years. So GGP'S projected 55,000oz gold a year for 10 first years, is not much gold output at all in comparison to other Aussie gold miners with less MC.
An interesting thing from yesterday's Hannam & Partners report. They value GGP'S non-Havieron exploration ground at US $100 million, which is almost 2X double the value of AZY'S 5,000km² ground that already has 2 still growing deposits in Calibre & Minyari that has 5.2Moz gold eq
