Member Info for Cebo-456

Sageman, that is correct - gold producers profits have more than doubled for every ouce of gold they produce, compared with what they were earning just a year ago.

Be a longer weekend, but in a good way, if they release the RNS after the markets closes today instead of Monday morning. As least we will have a lot to discuss on here. 🤣🤣🤣🤪

As per the previous RNS know they are going to drill hole deeper - reason for this will be as follows:

👉 To test the feeder zone (engine)

👉 Breccia formations are verticle conduits.

👉 Feeder levels are closer to the Hyrothermal Source.

👉 The Deeper zones have far better grades - more sulphides, more gold-copper.

👉 Drilling deeper tells you if you are near the core of the system (where the big prize is) or just the upper halo.

👉 You don't go back and drill deeper if the first drill didn't show hugely positive initial drill results, backed up by all the clever stuff above surface stuff.

Can you imagine if on top of good Assay results from the lab, they can say that the ongoing drill is showing that the formation is larger/deeper than previously thought. And visuals of the Cores (subject to metallurgy testing) indicate x,y and z.

Roll on Monday morning.

Drill, Baby, Drill.

I was tempted to drop the Company a message just to request confirmation on current drilling - but i think they are likely busy enough as it is. I know that a few have already contacted them regarding this, so it wouldn't surprise me if it's part of the news flow starting next week, hopefully Monday morning. !!!!!

We are expecting the following news:

👌Assay results.

👌Drilling update - which hole they are currently drilling (RSDD001 is my guess) hole depth (900m???) planned depth (1100m???). Or new hold Spud date, current depth, planned depth etc.

👌Drill plan for further step out drills and why, possibke second rig contracted, single or double shift etc.

👌News on what the BoD have been up to here in Australia over the last 2 weeks. Although a lot of the meetings will be kept under wraps for obvious reasons.

🤣🤣🤣. Wilco - you really do come across as a desperate loser here and have done for a while I" sorry to say. Hopefully not reflective on your "real life" although I suspect there may be quite a bit of cross over.

Wilco, methinks the lady doth protest too much. 🤪

Cryotochimp - maybe the cap fits the head which is why it touched a nerve - so I apologise for any hurty feeling it caused. 🤣🤣🤣

Have a great weekend .

Not posted or looked in here for a couple of weeks as I moved on when this was 5p plus. And unlike a lot of the sad attention seekers, I see no need to post on a share I have no interest in.

At those levels however, I will be taking a few and should it drop more then the risk/reward makes the punt even better.

Reading back a bit, I see nothing has changed here - the bed wetters are getting nervous, life's unfortunate loosers (the univested attention seekers) are still here, which is maybe a good sign and Wilco still thinks he could do a better job than CS 🤣.

Good luck , just don't let this share consume you, whether invested or not x

But we will see. I think that Wishbone will continue to "verify" the lab Assays over the weekend. Then Monday morning update (RNS) the Market along with a drilling update (depth reached, what they are targeting, initial indications, double shift, possibly a second drill rig on site or on its way) next targets and why.

All in one RNS on Monday or maybe spread over a couple of days next week. Also maybe an update or taster to tell us what the BoD were doing in Aus for 2 weeks....

Followed up with the normal couple of interviews would be good.

LOT M-13.

The figures you used (au/tonne) look extremely low. Both Telfer and Havieron average more than doubled that. Toll charges by the tonne are not out there (or at least I cannot find them). So to that end, suggesting that 900mil CapEx (to effectively build a processing plant) is cost effectivective against trucking is hard to believe unless that includes Opex/AISC as well.

GGP went down the trucking/toll route with Newcrest themselves before actually buying them/Telfer.

I don't see any scenario where Wishbone would consider building there own processing plant and going it alone.

Sungam,

Greatland need Red Setter possibly more that Red Setter need Greatland. A huge discovery at Red Setter would secure Telfer running at capacity for the foreseeable future.

If the numbers add up though, then it is also possible that other Major Mining Companies decide that the opportunity is too good to pass over.

OK, a lot will benchmark this against what Greatland paid for Telfor assets and what other discoveries have been sold for over the last couple of years.

👉What a lot may not ealise is the actual impact that the rise in the price of gold has actually made to producers profits.

👉It Gold price means that in a space of a year, their profits have more than doubled even though/and because gold prices has risen by 35% in that period (Sep 24-Sep 25).

🤔🤔🤔. Example or to demonstrate this using Greatland Golds AISC figures is below.

(AISC is All- incompassing Sustaining Costs - basically what it cost per ounce of gold to produce).

👉 So Sept 24 - Gold price was $2571 per oz, AISC was $1700 per oz , Profit was $871.74 per oz.

👉 Sep 25 - Gold price is $3559 per oz, AISC is $1736 per oz, Profit is $1815 per oz (Profit per oz has more than doubled).

👉 So benchmarking values of in-situ gold at last years prices when looking at takeovers, JV's, farm-outs , Asset sales should be doubled to reflect the 38% rise in gold prices. Triple this if gold prices rise another 30% and so on - as the AISC will only rise a few % year on year.

FWIW - the AISC for Red Setter would be lower than at GGP's Havieron due to the trucking costs (Redsetter is 15km to Telfer, Havieron is 45km).

Red setter will really be a sought after discovery, if and when the drill bit proves up the metal and copper volumes/grades.

I would not be surprised to see GGP try to get in there first with a very cheeky low ball offer of 10p equivalent a share (cash and GGP shares) possibly after the next two drill results (the deeper drill and the step out drill). Provided they demonstrate even just a modest Au-Cu discovery.

Just my opinion, do your own calc's and research.

Good luck.

All indications (in my opinion) are that this is a game changer and judging by what is coming out from the geo's - the Assays left Perth so shoud be back with the Company already - hopefully today they have drafted the RNS and the Nomad has runber stamped it - so we should find out pretty soon. Possibly 0700hrs tomorrow, maybe Monday if they want to delay it (under the guise or verifying them) and give us an update on the drill at the same time.

I am by no means all-in but have a good % of my portfolio in this share.

We already know that Red Setter contains Gold, we also know that the drill hit the "Company Maker / Geo's Dream" Breccia Pipe/Chimney system. We just need to know how much Au/Cu is down there.

And 5% of 10m oz of gold at the current gold price is a bloody lot of cash , with a schedule load of Copper thrown in for good measure. - mind blowing

Correction 5-10 % or the GMV (gross metal value) instead of 2-3

They ussually laster conference attendance all over the media, the schedule those last 10 days have been relatively kept under wraps - they are there (in my opinion) to reveiw the drill results and plan the next holes.

Having seen the latest satellite images of Red Setter, then I think the decision has been made to go deeper in the same hole first - and then do the step out holes.

Why the change - you only go deeper when results indicate that the sytem goes even deeper than was originally planned or hoped for - and to confirm the following.

👉You want to have a look at the root zone of the Breccia Chimney where the fluids boiled and dumped the metals - geo's dream.

👉Even intersect the Porphyry Intrusion itself (copper gold mineralisation zone) - wow.

👉Or have a look at broader alteration / mineralisation halo's 👌

Or (speculating now) because you know after talking to Greatland and others majors what they want to see, and that by proving up how deep the system actually is , you are going to get $5-10 per oz instead of 2-3. 💰 💰💰💰

OK, that's enough fun with the SP. I thought the MMs may have taken it a bit lower this morning for my cheeky top (still time) - then I expect this to move up this afternoon and again rise very quickly going into close again, as investors and traders hedge their bets on when the RNS will be released.

Normal form - if the news is what we expect and hope for - it will open high, MM's will not let anyone buy in any volumne untill it is much higher and punters will be paying a premium to get back in. Of course if it's a duster (it's not 😉) then it goes the other way.

Good luck if your In, out, or shaking it about.

Gold hitting the high's not only bodes well for wishbone- it also bodes well for potential Suitors by filling their coffers up.

Could easily add 30-40% to the in situ numbers I used below if the Gold price continues as is forecasted.

The location is so important (10 Mkles from Telfer)

👉No processing plant Capex needed at Red Setter - trucking to Telfer would strategically be the fastest and lowest-cost development path.

👉short distance (10miles) very low haulage costs compared to most mines

👉proven plant - Telfer already handles Au-Cu with high recovery rates.

👉same ore, minerology is similar - no mods needed at the processing plant.

👉presedent set - Telfer already processes 3rd party Ore.

Could very well be. Price will likely be played with firts thing this morning and then rise again later. No rush to get the RNS out and I suspect we may have to wait till tomorrow or even Monday. But can never right off an intra day RNS.

👌Assay results???

👌Drill progress report???

👌Next drill targets???

👌Something else????