Member Info for Bamps21

Where has this 18p come from , can you provide any evidence.

Shaun has options at 25p and has bought some at 14p, has he really come here to gain 4p?

I’m certainly not selling at that low price when the future revenues could be so high it will be a daft move to except 18p

Hi Chuffchuff

I’m not sure where you heard that the volumes are greater than modelled.

The high P90 estimate from 20/21 has not been exceeded at one point last year the water levels were said to be near the lower end closer to the P10.

Rainfall on the lower aquifer has no effect on the quantities, it is a contained aquifer probably ancient water.

The revision to the mining plan submitted last November has included provisions for another pond. Recent heavy rainfalls have been filling the ponds, this may have had some effect of having to turn the water flow from the aquifer off or down.

Whether they need the extra pond I don’t know but there are no storm ponds in the design at present. Looking at the Telfer images they have a few storm ponds.

Now they have permission we may see them working on this new pond shortly if they need it.

I do agree though it looks like NEM aren’t willing to commit too much funding to the project.

Hi Texlax

Reducing the AISC was one reason for me highlighting the possibility of another metal credit within the ore.

Shaun told me that if he had Telfer he would extract everything he could out of the ore.

Initial drilling upto HAD009 all included a au/cu/co equivalent figure. Newcrest however dropped this saying the mineral domain boundaries could not be quantified for cobalt.

If it’s achievable I’m sure Ggp will get it but it’s a big IF.

The Northern front has tungsten in amongst it, so that is another possibility.

Other credits lower down include nickel and molybdenum but that’s future stuff.

At the top though it’s either cobalt or tungsten.

Would have dramatic effect on lowering the AISC. 🤞

Hi Texlax

Yes the gold only AISC I believe was around $1080 which I have used if you add in the copper credits then it is $643.

This lower figure though is for 30% , the 100% will be higher.

My thoughts on the copper grades average is that it will exceed the 0.6% which is an average for the whole starter mine.

The initial average is going though an extremely high grade copper zone where it was common for grades of 8,10 & 12% I am personally hoping for 2-3% , I’ve been told that” 3% would be too high but it is indeed high grade.”

I don’t believe it matters how many shares are in issue it’s the demand that will force the price upwards, driven by how fast this company will move.

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

Hi Redirons when you say what we are expecting or what has been posted on Ggpchat?

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

Yes I quite agree he’s in my green box, he gives nothing to this Board only grief

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

That’s a lot of rubbish he left of his own accord.

Hydro got banned

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

Hi Monty

Apparently the drill hole had collapsed and couldn’t use the downhole tool.

It was announced in an RNS, I think the Scallywag results one.

Still early days yet only 20m of cover though

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.

Hi MH

I don’t do plain

My friend said can I cut my posts down to 3 words

Not a chance 🤣

The new access road from Telfer to Havieron turns right at Parklands it goes through the high surface sample positions