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Greatland Resources Limited

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-37 then +56% since IPO. So what is a realistic target for 2030?Good question, I'm glad you asked :) So, this is quite a bit more challenging to put a number on compared to the Westgold update I just published. Because, there isn't as much track record to go on and the multi-year guidance isn't there. Personally, I am expecting them to fully utilise their rather vast processing capacity of 20Mtpa. So, just based on the current ore reserve statement, I would expect that 15.5Mtpa would be a mix of Main Dome underground, Telfer Open Pit, and lower grade stockpiles. Hard to say in what proportion, but I am putting that at a combined grade of 0.9gpt. At some point in the future, the planned underground ore crusher and ore transport system should reach the planned 4.2 to 4.5Mtpa level - I used 4.5Mtpa in my calculation. The grade I used was 2.6gpt. That implies 13,950,000 grams from Main Dome etc and 11,700,000 from Haverion. This will be reduced by processing losses of about 15% to 21,802,500 grams Au or 700,977 ounces of gold. That is quite a significant number. If we value gold at a very conservative AUD5000/oz and current All in Sustaining Cost per ounce of AUD1849/oz that would imply a fair valuation (at some point in the furture) of between 2.5 times higher at low valuations and 3.7 times higher. So, simple story; I expect Greatland to be worth around three times as much within 5 years. That is without further increases in the gold or copper price. It is also without acquisitions, ANTIPA seems to be a potential future take-over target as they have some impressive intercepts and have large exploration tenements adjacent to the Telfer processing plant.
ASX:GGPLong
by flyinkiwi10
3
GREATLAND GOLD STILL UNDER PRESSURE...Here I show the larger 'Broadening Bottom' Plot. As we have moved deeper along the Lower-Line of the smaller 'Broadening' Pattern I showed prior. Hope for us bulls here is a cessation of declines at the 62/Fib level. Especially as we also have adequate touches of the Upper & Lower Bands of the Pattern. We also have the jump from the Down/Trend Channel (With Measured Move Targets from that Channel shown in Green). Following its recovery we see for the first time a Back/Test of that 2-Day 150/MA & Channel Break/Out level, with a Bull 'Wedge' formed in the process. Yet we need to see a reversal pronto, as losing that 150/MA would be a gut-punch. Targets for the 'Broadening' Plot are in yellow...
LSE:GGPLong
by SaharasCharts
6
GREATLAND GOLD STILL UNDER PRESSURE...Recall I was looking for a cessation of the a-b-c correction at the 38/50 Fibs. However, despite a bullish Havieron MRE (Mineral Resource Estimate) it has dropped lwr. I have adjusted the 'Broadening' Plots lwr-line and added the count for the c-wave. Having overthrown that 'Broadenings' Lwr-Line which I mentioned would be a possibility it has now brought price within the 50/62 Fibs. Resulting in it positioned upon several key/Ma's on varying timeframes along with a potential completed wave-count give or take a few points. If indeed we do have an Overthrow of the 'Broadening' Plot we should see an imminent reversal, which I would expect to pulse vigorously upwards as it being the start of Wave- (3)??
LSE:GGPLong
by SaharasCharts
2
GGP Deep DiveHere's a macro macro (1 week chart) deep dive on GGP: - No fundamentals here, just looking at the chart zoomed way out. - Price bounced from the 0.786 fibonacci retracement (1 week chart). A good place for an entry, but only in hindsight now. - Looking for this level to hold ~ 9.44, and on the lower time frames it looks as though price action is trying to form a swing higher low ~10.00. - One might want to take an entry here in the hope that this higher low plays out and we get a reversal. But we need to go to lower time frames though as to whether or not here would be good for an entry. - There is an overhead diagonal resistance also, blue line, which is something to keep an eye on. - Also there is clear resistance, dead centre on the RSI, which makes sense as that price action has been bearish and therefore RSI oscillating below ~50. It would be interesting to see that resistance broken down and for price action to break above the 50 line. 1 hour and 4 hour: - The price action and ichimoku cloud indicator shows that price action is bearish. On the 1 hour there is even a bear flag forming. If i was in a position here: - I would feel that I might have weathered most of the down move, and a relief rally to the upside was on the cards. If i was taking a position here, 2 options: (1) take an entry here, and hope the higher low plays out. A stop-loss would sit below, 9.44 (and as such, your price target should reflect this in its risk/reward ratio. (2) wait for confirmation of an entry on the lower time frames. This might look like a bullish divergence on the 4 hour, or price action unfolding long enough sideways, that you get price action and the lagging span (ichimoku) both above the cloud on the 1 hour (and for a better quality trade) the 4 hour. Price targets - On a quick glance, the most immediate price target for me would be 12.82, then 15.32 after that.
LSE:GGPLong
by t_trad_coach