Member Info for Bamps21

2 other pads Strudel identified seem to be targeting the SE crescent Deeps.
Could still be trying to expand the Western Mining front at deeper levels

Something is happening along the Dyke line right from the border with Artemis down to the explosive store area.
Strudel’s new pad spot takes the number of new pads to 5 with a possible 6th and the work ARV are doing on their pad 4.
Last years drilling must have spotted something interesting that hasn’t been disclosed yet.

Then we also have the new pads at Meco to the SW of Havieron.

Strudelsat:))
Has found 3 new pads at Havieron:))

The funding agreement for the NCM loan was never intended to take us to production.

“ The Havieron Loan Agreement secures funding for Greatland (approximately US$50m), which, together with Newcrest's existing sole funding commitments under the Farm-in Agreement, is expected to fund Greatland's share of joint venture costs (based on current forecasts) up to the completion of Feasibility Study.”
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w1je54w

“ "Facility A": a loan of up to US$20m, or a greater amount if provided by Newcrest, for Greatland's 30% share of Early Works and Growth Drilling prior to the completion of the Pre-Feasibility Study. Greatland's obligation to contribute to Early Works Expenditure and Growth Drilling Expenditure, in aggregate, will be capped at the amount of the Facility A Commitment.

o "Facility B": a loan of up to US$30m for Greatland's share of joint venture expenditure, post the completion of the Pre-Feasibility Study, but prior to the completion of the Feasibility Study.

o Scheduled quarterly repayments of the loan(s) will occur once production commences at Havieron with repayments comprising 80% of quarterly "Net Proceeds" (revenue from sale of Greatland's share of JV product less statutory royalties, royalties payable under the JV ILUA, all charges paid by Greatland under the Tolling Agreement with Newcrest, and Greatland's share of Joint Venture operating expenditure for that quarter).”

Hi Cdl1
Just a few words
they’re just about to start drilling all over the place.
8x at Swan
A27
Saddlereef been there ages
2xRudall
2x A9
Tama
These were from cash from the last raise and NCM funds.

The extra cash over and above the $30m raised yesterday could go to EG drills
If they get the permissions maybe before Xmas.
Shaun did mention his eagerness to drill Panorama as well but probably won’t happen till next season.
The 2 Tabletop anomalies are very exciting prospects but maybe next season.
Pascalle was also mentioned to be drilled.

I’ve no comment to make about the share price but I did buy some today at 8.43

Hi acechaser
I couldn’t give a damn what 006 and a half or Freddie says about me they both need counselling

Hi Canary
They will be stock piling the ore by the Box cut in the ROM pile before being loaded to Telfer
If we have say 150,000 ton in that first stope , taken out in 40t Volvo trucks that’s 3,750 truck loads.
The Sandvik drilling rigs can drill about 6m in, then blast and get about 4m of ore.
30m x 15m x 4m = 1800 cube x3sg = c5,400 ton per shift = 135 truck loads
5.5km return trip
Would certainly be some doing in one day

A 100m long stope 4m per shift = 25 shifts
3-4 weeks

I’m assuming the biggest size stopes.
A small drive would be driven through to the far end before the main blasting occurs so will be slightly less ore coming out per shift.
Also some ore will remain in the stockpile drives by the Western front this will be the weaker stuff.

Hi Canary
Is this the post you wanted to see

“ The Western Front zone 1 is where the first production will come from.
They are targeting a 70m deep zone split into 2 levels of about 30m.
The top 30m contains the first section of HAD005 one of our best holes.
There’s some phenomenal gold and copper grades
within it.
Gold grades above 10g/t
11.23
64.1
32
103
211
12

Copper grades over 4%
10.42%
5.4%
8.5%
4%
5.3%
4.1%

You can see the high % of copper suggesting Chalcopyrites and bornites are present.
Chalcopyrites have a specific gravity of c4.1
In the first stoping tunnel targeting this high grade ore it could be 100 metres long x 15m x 30m high in total .
Volume is roughly = 45,000 cubic metres
Multiplied by a normal sg of rock = 45k x 3 = 135,000 ton
If Chalcopyrites then Multiply with an sg of 4.1 = 184,500 ton

For a specific gravity of 3 scenario:-
If we say an average of 5g/t x 135,000 = 675,000 •/•31.1 = 21,705 gold ounces

For a sg of 4.1 scenario:-
Or 5g/t x 184,500 = 922,500 •/• 31.1 = 29,662 ounces

Therefore there is an increase of 50,000ton of ore if there’s Chalcopyrites insitu

There’s around 7,400 ton of copper using the 4.1 sg which is 2,000 ton more than a 3sg.

Revenues for 30% ownership :-
Gold say average 25,000oz x $1800 = $45m x by 30% =$13.5m
Copper say average 6,500ton
6500 x $8,000 = $52m x30% = $ 15.6m

= c$29.1m revenue less costs

Ggp costs :-
Capex
SLOS operation $73m from top of ore
9 zones is around $8m per zone
Western front zone 1 has 2 levels =$4m each capex

Plus extraction costs
Transport out is at its shortest so probably the lowest AISC costs of the whole mine, I’m estimating $100-150 due to the high grades of both gold and copper but processing costs could be high with these high grade sulphides.
$643 per oz AISC will be too high for this first zone with the high level of copper.
I would assume therefore a level of $500 oz AISC is probably reasonable in the first stopes.

That’s $300,000 per metre revenue in the first stope to Ggp

Bojo I take exception to your referencing the Stroud gang.
I take that as a personal swipe at me, your comments are unwelcome.
Everyone I have met at the Stroud event have been a pleasure to meet and correspond with.
Why don’t you make the effort to meet people and get to know them before criticising

I look to others for knowledge of what’s happening with shorts, the Q&A we had at the last Stroud meeting with Costa answering all our questions, especially when his wife said explain it to them how you explain it to me :))

In my own view if Private investors and others are picking up the shares that shorters are borrowing and then selling, then they have to keep borrowing to sell more to suppress the price.
These are clever people trading this but as Shaun says “they will have to buy them back”.
This may cause a spike where are they going to get them from. Well they will probably twist it round and go long , borrowing more for hope it rises and keep buying and sell a few .
The FS is probably the hurdle that will trigger long positions but if PI and others keep picking off the shares the price should theoretically rise substantially in my opinion

Silverhorse
Yes I was certain it would happen and I like Hannams were very surprised they didn’t and I still am but can see why, which a lot of people on this board can’t.
Ask yourself why is Shaun delighted?
He doesn’t sound like a man really concerned about the funding in my opinion.
I’m very excited about the future here.
NCM didn’t want the 5% at that price and they have given us a 20% increase in the Indicated reserves.
I think SB is marvellous for doing that :))

aim999 another very ill informed so called investor.
Telfer is practically exhausted it’s AISC costs are extremely high, if it hadn’t been for the increase in metal prices and waiting for Havieron ore it would have been mothballed.

NCM have been in a downward trajectory recently waiting for new projects to come on stream.
Cadia is in a transition from one zone to open up a new zone. Works to increase milling capacity has been taking place this year. Full production not due to happen for at least 12 months and now they have had trouble with their ventilation shaft.
Lihir problems with the clay content in the ore, new faces of the mine had to be opened up not yet back up to speed
Walfi permission to mine not yet granted
Telfer running down
Antipa jv no positive finds at this moment

That’s why they have been spending $millions on acquiring other fields.
Red Chris and Brucejack they’ve paid millions and are funding heavily in exploration and mining new zones to increase the companies reserves and output.
This is where NCM dollars are needed now otherwise another fall in profits and reserves.
This is why the 5% hasn’t happened, the $60m gets a better return at Brucejack.
Just look at the annual results it’s all about Brucejack.
5 years time it will all be about Havieron.

Back to the old NCM screwing us.
Just total nonsense

Hi Dgdc and others
You are all putting Ggp in this position in your own minds.
It’s only your opinions and they don’t matter.
After meeting Shaun twice now I have every confidence he has this contingency covered.
This is his field of expertise let’s just see what he comes up with.
I would expect a quick decision

Hi Jambo
This is a good assessment by RA
https://ggpchat.co.uk/viewtopic.php?t=477&sid=0454a9666606aeb52cdf79bff0a99e6b

Well said Jiffy

Hi Ben
It’s 16m more than that now.
I see the latest troll has gone, good riddance.
They’re hitting this hard keep your nerve everyone. I just topped up again :))

Hi Jiffy
Explain the tolling charges more clearly would be a better question.
The gold council rules says the AISC must include processing costs.
Our processing costs are in the Tolling charges

That’s correct and the tolling charge covers the processing costs and transport

You might have missed this post
“ That note is referring to the NPV not the AISC, under the Gold councils rules the AISC must cover the costs”