Greatland Gold shares: I’d buy to DOUBLE my money in 2021

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Nadia Yaqub | Thursday, 17th December, 2020 | More on: GGP Greatland Gold (LSE: GGP) shares are in demand right now. In fact, despite the stock market crash, the price has risen from 2p to the current level of 33p in 2020.Since my last article, it has continued to be among the top 20 most purchased shares on the Hargreaves Lansdown platform. The company is clearly on the radar of many investors and I like the stock too.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But is it too expensive now? Well, I expect 2021 will be an amazing year for Greatland Gold shares and here’s why.ProjectsThe company is mining for gold in Australia and has several projects in the region. In fact, it has as many four in Western Australia and two in Tasmania.The Paterson project, which is one of the six, consists of two joint ventures including Havieron. Greatland Gold signed a farm-in agreement with Newcrest to explore this deposit in March 2019. The Havieron site has been a roaring success and is the miner’s jewel in the crown.Agreements boost Greatland Gold sharesFollowing the success of Havieron, in November GGP signed additional agreements with Newcrest to explore the deposit further. I believe this site demonstrates the potential for a large mining operation.I also think Newcrest knows it’s onto a winner with Havieron. In addition to existing funding commitments, it has offered Greatland a $50m loan. The debt facility will be used for drilling costs up to the completion of a feasibility study. Mining is a costly business but Greatland can rest assured that it has secured funding to accelerate the exploration of Havieron in the short term. I believe further announcements of drilling success will truly be transformational for Greatland Gold shares.Continue drillingWhile drilling at Havieron has generated fantastic results, the company can’t put all of its eggs in one basket. Within the Paterson project, it also has the Juri joint venture with Newcrest to explore the Black Hills and Paterson Range East sites.Upon initial exploration of these two sites, Greatland has announced the results look promising. The company has confirmed the regions, especially Paterson Range East, have a similar geophysical signature to Havieron. I expect positive results to come from these deposits in 2021.Change at the topThe company recently announced that Shaun Day will be replacing current CEO Gervaise Heddle in February 2021. An accountant with 20 years of experience in mining and infrastructure, Day is CFO of AIM-listed Salt Lake Potash.While Heddle has been instrumental in Greatland Gold’s success, I think the appointment of a new CEO with a wealth of large-scale mining experience is vital, especially when Havieron has the potential for commercial production.OutlookSo would I buy Greatland Gold shares? Yes. The company is a risky prospect as it’s still loss-making, but I think there’s so much potential that will come to fruition in 2021 and generate stellar share price gains.Investment bank Berenberg recently upgraded its price target from 22p to the 33p. The shares are already trading at this new level, but I don’t think it reflects Greatland Gold’s full potential. I believe the price could double in 2021 upon further drilling success. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Simply click below to discover how you can take advantage of this.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares See all posts by Nadia Yaqub Greatland Gold shares: I’d buy to DOUBLE my money in 2021 Image source: Getty Images. last_img

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