RE: GGP - Valuation11 Jun 2025 22:04
How do you respond to someone who believes he understands mining, but clearly misinterprets what he’s reading and then posts his findings in a way to put doubt in others minds.
You know they’re not genuine when they spell the mine name incorrectly.
This mine has seen 40 odd years of mining, its resources are well understood , its mining infrastructure is accelerating more now than the previous owner could dream of. This is opening up mining front after mining front.
This is what it says from Aprils Reserve report:-
“Greatland considers there is a high likelihood of substantial conversion of Inferred Resource and unclassified mineralisation inventory within the Telfer 2-Year Outlook into Indicated Resource, on the basis that:
‒ Telfer mine has operated for over 40 years, with the orebodies well understood.
‒ Historical conversion rates at Telfer are supportive of high percentage of Mineral Resource converting to Ore Reserves.
‒ Inferred and unclassified inventory is sourced from extensions to currently active mining areas (West Dome Open Pit and Main Dome Underground).
‒ Over 23,000 metres of drilling has been completed since December 2024, targeting the Inferred Resource and unclassified mineralisation included in the Telfer 2-Year Outlook inventory, with further drilling in progress.”
This is a mine not an exploration anomaly that needs studies to progress, this is a working mine. That means it’s ongoing, Ggp are doing everything right, they are keeping old working areas going by drilling and extending each individual zone of the mine.
The West Dome pit is the main mining area for the mine life, stage 7 and 2 are still being drilled to extend the life by converting the inferred and instigated into the mine plan, at 114mt that’s over 5 years life. The stage 7 extension together with the central zone could have over 300mt, at 20mt throughput that is around 15 years just from the pit.
I would suggest you go away and research more thoroughly you are just not credible
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