Member Info for PaddyGall

Look at the spike on the DXY after the jobs numbers in the US and you'll have your answer.

Full funding is already in place - if by the end of CY23, Wyloo and the directors take up all their options priced between 10 & 12p then there will be another £64.6 million coming into the coffers.

There is also a substantial buffer built into the funding to allow for any additional costs due to inflation and/or increases to the mining plan.

Revenues will be forthcoming around the middle of CY24 - funding will not be an issue.

You are more than welcome to wait for 4p but at least get your facts right before posting.

ATB - Paddy

TBF @GGPThruandtru he did address that -

Shaun
But you know, we cannot be definitive on that (speaking about Enerst Giles) until we have the final access agreement. I think you're also going to see some activity on the ground around the other exploration assets, Panorama and Bromus, during the course of 2023. We want to start walking those opportunities along as well.

Hopefully we will get an outline of the activities that they intend to carry out at the various tenements. Havieron can pretty much look after itself now with Jimmy and the team all contributing to the FS - I agree that it's time to start putting some exploration dollars into the other prospects - if anything shows up at any of these then it would be a major coup for us.

ATB - Paddy

Hi Bablake - I think it was in reference to Panorama rather than Bromus but interesting indeed.

As Panorama is prospective for Gold, Copper. Nickel & Cobalt then I'm sure we can have a good guess who the major might be????

Anyone actually listening to the quarterly review with Shaun - loads of info and insights.

Interesting reply at about 40mins in to a question that he was asked about the Nickel content in the Eastern Breccia.

Also some insight into the way NCM might be constrained by their TSX listing in what reserves they can include in the feasibility study. Perhaps that is why they will be concentrating on the SE crescent now - to allow them to grow the reserves and make the FS as big as possible.

ATB - Paddy

What - the whole of our 30% or the whole 100% of Havieron and by extension Telfer? How long do you think it will take them to put something like that together? The MRE update would be issued immediately so the world would know what we are sitting on - NCM would be singing like a canary about the size and scale of it.

Sorry mate - your welcome to your opinion but it's not how I see it working out in the short term.

ATB - Paddy

Hostile take-over from who?

I can't see anyone wanting 30% of Havieron other than Newcrest but they would be opening a massive can of worms by going down that route. I think the time has passed for the opportunity for that to happen but even if it did - what would the counter offer from Wyloo be? - they understand the value of the project and wouldn't be prepared to let it go cheap.

We've been hearing about take-overs ever since I've been invested and it's less likely now than any prior time IMO.

It's just the usual, sell-on-news traders and probably a small chunk of short sellers taking advantage of the situation.
Personally I'm not too bothered - record decline development rates, resource still expanding with no edges found, ASX listing on track for H1, EPA mining proposal on track and due to be submitted soon, and while the delay to the FS is frustrating - when it delivers a much bigger and better mining plan with better economics due to the cost saving optimisations then it will be worth the wait, and crucially no change flagged to first ore, first gold and FCF.

All still looking good for 2024 and beyond IMO and that's without any left field news that our new "high-powered" board may generate.

Very good listen - a lot more positive on this podcast. Makes a very good point that the time between the feasibility study and first gold will be unbelievably short in mining terms.

Also the delay in the FS is not only to increase the resource size but to allow for other optimisation studies like using EV's, etc which would mean less ventilation and other cost saving measures.

Well worth a half an hour of your time for a listen IMO.

https://audioboom.com/posts/8235686-midweek-takeaway-featuring-shaun-day-md-of-greatland-gold-aim-ggp

Another podcast out - can't say that he's not keeping shareholders informed at the very least.

ATB - Paddy

The positive spin would be that they are now working much better as a JV team and Shaun doesn't feel the need to "undermine" them by jumping the gun with his own update while still letting them know that if he needs to then it's still within his wherewithal to do so.

He says the Eastern breccia has increased in multiples of sizes and doubled in grade - should be worthwhile waiting until August TBF.

I know it's still jam tomorrow - but to me it doesn't really matter in the short term, apart from looking at a **** SP day in, day out - it's all about getting a proper FS study out instead of another botched effort like the original PFS

GLA - Paddy

So 916 on the 12th October and 1518 on the 18th December - 602m in 98 days. That works out at roughly 6.2m per day.

SD has just said that they are still accelerating so I would think that means it was more likely 5m ish per day in November and likely to be >7m per day now.

The fact that Byrnecut updated their contract end date on their website to May 2023 only this week gives me confidence that they won't be far off achieving that date for the 2600m.

Lovely hits through the Northern and Eastern breccias - they are filling in nicely and as SD has stated on many occasions - the results are a function of the drilling density and we all know the initial concentration was on the highest grade area of the SE crescent to get the starter PFS done. As more and more of the breccias are being targeted then we can see those coming along very nicely indeed -

HAD098W7 - 84m @ 3.2g/t Au & 0.14% Cu from 1,008m through the Northern breccia would be considered a "discovery hole" intercept at many other projects.

Happy days - eyes down now for MRE upgrades and DFS & DTM to follow.

ATB - Paddy

Where are the bad results, these are fantastic results in the Eastern and Northern breccias - remember these are the areas that are been proposed for bulk mining not the high grade SLOS sections.

If the breccias continue to infill at the grades it will be a no brainer for the bulk mine to be approved.

ATB Paddy

1519m as per the 18th January - now we're sucking diesel....

Looking good for end of May.

Guessing that it's raised because of the recent increase in the Gold price to back above $1900.

We may get a new broker note from Sprott after the drill results are announced on Wednesday - they seem to be pretty much on the ball with their notes.

GLA - Paddy

First bit of good news this week - the Brynecut project page for Havieron has been updated with the contract end date changing from October 2022 to May 2023. Considering the knowledge that they have now from their experience of the tunnelling then one would be very hopeful that they will be confident of hitting their timescale.

https://www.byrnecutmining.com/projects/oceania/australia/havieron/

So the decline will be at the top of the orebody roughly around the end of May or just over 4 months time. We will need the Stage 2 permissions in place then before they can move onto the next phase of the development where they will be driving access into the actual orebody and continuing the decline spiral down the depth of the orebody.

What they will be able to do is construct the underground platforms where they can begin the infill "fan" drilling to start to bulk out the breccia area's thus providing far greater density for the next set of upgrades.

Looking forward to the quarterly from NCM tomorrow night and the RNS update from GGP on Wednesday morning - might be one update too early for the big SE / NW step-out holes HAD169 & HAD170 though.

ATB - Paddy

Oh Bellers - that hurts, like a dagger through the heart :-)

Spyramper25 is back - nice to hear from you mate. Hope you are well and looking forward to a prosperous & healthy 2023.

I'll see if I can knock something up for you later - desperate to try out the new crayons that I got from Father Christmas......

Love a bit sarcasm on a Friday morning :-)

GLA - Paddy

I'm sure he said they were due to get some assays. They would still need to interpret and collate them before they would be ready to be released to the public.

They are probably busy on the Havieron results which are due on the 25th now so I'd imagine they will be after that, that's my expectation anyway.

ATB Paddy

Hi ace & onename - I think Sherry is pretty much nailed on to keep the position permanently unless she does something silly in the meantime. She ticks all the boxes and listening to the interview & keynote address she did at the IMARC conference, she came across as a very competent CEO.

Looking forward to seeing how herself and Shaun interact considering they have both come from a CFO route to the top position.

ATB - Paddy