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Hi Texlax
I have done some maths on Ggp owning the 100%, what it comes down to is the copper is the profit.
The higher the average grade of copper is the higher the profit
https://www.ggpchat.co.uk/viewtopic.php?t=904
With everyone concentrating on the gold price the copper price has been sneaking upwards.
It’s very significant.
Havieron copper production average has a grade of 0.6%.
Copper price $4.08/lb (US)
For 100%
Production 3mt pa @0.6% =18,000t or 39.6mlbs US
@ 4.08 = US$161.5m pa
Copper record high $4.88 =$193.25m pa
0.8% grade = $216.25m @$4.08
0.8% grade =$258.6m @$4.88
1% grade = $269m pa @ $4.08
1% grade = $322m pa @ 4.88
Gold
3mt pa x 3g/t divided x 31.1 x $2186 per oz $632m
Less AISC (Ggp’s) =$306m
So $326m left
$75-100m to process and transport
Less additional admin expenses and capex $100m (guess).
Profit on gold roughly US$100m + (depending on gold grades)
Remember gold pays for everything copper is the profit
Hmmm where have I said it will take 10 years to get to 30-40p?
What I’m saying if you increase the tonnage the grades reduce and you need more tonnage to get to the same revenues as if the 3mt plan was adhered too.
I’ve no idea of where the share price will end up but it will be a lot higher than it is now
The PFS mining plan was for 2mt pa, the original decline design was to achieve 2mt through this decline design.
The latest design of the decline is to achieve 3mt.
This was achieved by adding numerous passing bays along the length.
Increasing the tonnage out at this stage is not viable, it would need a hoist or a conveyor decline.
The 2mt and 3mt are based on the SLOS mine plan this has been optimised with the shape of the orebody.
The increase to 3mt was due to the addition of the breccia and a small increase in the sulphides.
To get an increase in the mining plan would need further zones to be added in, this can’t happen until the SLOS operation is complete.
Hi MH01
Please see my post on the mining plan thread.
6mt DFS you could be looking at 10 years time.
Time to come back to earth with a bump
https://www.ggpchat.co.uk/viewtopic.php?t=327&sid=ecdf74960c285fdb930752cab1f790ea
I know Costa and he attended the Stroud event and told everyone there that he left this Board of his own free will.
The toxic nature of this Board and false accusations is why he left.
I’ve nearly left a few times but meeting a lot of people at London and other places I was persuaded to continue. I have cut down my postings here though prefer my little WhatsApp group
Https://www.lse.co.uk/profiles/jim06/?page=2
This is a good read, he posted some good stuff on Telfer as he worked there in the 90’s.
He’s not posted for sometime.
Might have to log in
RNS 25th July 23
“Exploration Update
Greatland has completed drilling on its 100% owned Scallywag tenement. A total of 10 holes were completed for a total of 3,241 metres drilled, targeting conductors from ground electromagnetic (EM) surveys. Five of these have been surveyed for nearby conductors with downhole EM. The holes are currently being processed and assays will be reported when available in a future release. Downhole EM at the Ramses target was not completed as the drill hole was not structurally accessible.”
Ramses is the target at Rudall now in the Scallywag area
Well it’s quite obvious he has seen data that I haven’t been able to obtain but from what I can make out that anomaly is heading for Chicken Shack and our Paterson 8.
The obvious question at this point is will it effect the haul road route. Well it looks like it.
We will have to wait and see , early days but shouldn’t be a problem.
Interesting stuff by Saltpetie on hotcopper
https://hotcopper.com.au/threads/parklands.7898917/page-3?get_post=true
Great news
This is for the haulage road to Telfer L45/582 and L45/636 plus an HDPE water pipeline and a high voltage transmission line.
Also includes works for the paste plant and aan additional evaporation pond if it is required
Telfer is sat in amongst a lot of mining leases.
Does Ggp want these other mining leases?
We’re not likely to know for sometime.
Newmont have an issue in that the rehabilitation bond/ levy remains with the original tenement holder. This is a contractual arrangement and if a new buyer comes along a new agreement contract has to be signed and the old one cancelled.
If there’s no takers for these tenements then Newmont are still obliged to reinstate the land to a safe natural state.
They may have to pay someone to take it off their hands or do a good deal on the plant.