Member Info for ChaseTheBag

1.8m Telfer reserve doesn’t blow the doors off until you realise the WDU isn’t included. Excellent Result.

With SD suggesting the WDD would beat Havieron into the Mill, I’m hoping for this to be H2 27. Anyone share a similar view?

Would be great to hear your exit price and any numbers used to justify it.

I see max value being a month before first pour, I will sell into the hype. This has been my exit strategy since 2020.

This assumes 4 billion shares, we’ve been diluted considerably since then making this chart useless.

Anyone willing to lend £100k for a few months??

Only have £50k invested here:(

BRILLGOLD sorry but I feel your statement ‘add the copper’ is slightly misleading to new investors due to the copper not being profit, instead contributing to the AISC.

Revenue from copper will become ‘production credits’ and these credits will help reduce our AISC.

The Havieron AISC without production credits was $1009 as of 2022. With copper priced at $3.30/lb it brings our AISC to circa $700.

Copper currently trades at $4.3/lb, reducing our AISC by $22m per annum. This will help mitigate any inflationary rise in the AISC.

Newmont’s divestment plan should mean their 8.6% stake in Antipa will be available, it would be criminal for Shaun not to include this in the Hav/Telfer deal.

Antipa’s assets make a compelling acquisition case. Near surface low/zero cover, low capex to production, trucking distance, could be producing ounces inside 12 months. In the open pit areas very reasonable to achieve a 1mtpa operation.

Antipa’s Mcap £30m

We’ve been prey for 5 years it’s soon time to become the predator.

Bamps the ‘get real’ comment is terribly embarrassing, I used numbers provided by the respective companies.

Feel free to correct me on the numbers but it doesn’t take much to see Hemi delivers better financials over the next 10 years hence why they are valued multiples of GGP.

I’m a shareholder in GGP not De grey FYI.

Hi bamps.

Hemi free cash flow $500m+ per annum.

Havieron (100%) 3mt pa≈ 240k ounces per year @ $800 AISC will produce $330m FCF.

I’ve used Hemi’s DFS gold price of $2170.

Havieron is a higher quality asset in terms of AISC and grade but it’s inferior to Hemi on a balance sheet.

Key to point out Both companies need to find~£1B

I think you are forgetting they have a Tier 1 gold mine starting production in 18 months with a NPV of $4.2B..

my personal opinion is that havieron is a higher quality asset but the lower production rates hinder us. Hemi will produce double our ounces per year.

Anyone else think the size of the raise is particularly strange? I really can’t see SD wanting to use valuable funds for acquisition now the 70% could be on the table.

My view is that there could be a change to the mining plan to increase tonnage. Second decline potentially? Would be great to get some more thoughts on this.

Potter I read this board daily and have been invested over 3 years. If you can’t understand what the drill results are showing then you shouldn’t be invested, I literally copy and pasted the words from the RNS.

Samplank has my logic not been proved correct? Look at the reaction to my post, only one person understands.

I’m quoting the RNS napthman, I am highlighting something that 95% of people won’t understand or can’t be bothered to read. Is it wrong for me to highlight this to the average investor? Still long on GGP.

Bujler if you don’t understand that the nugget gives a false image of the average grade then I can’t help you sorry. We don’t want nuggets, we want linear grade at those depths for it to be economical.

“If the peak Au grade of 393g/t Au is cut to 10g/t Au; the interval becomes 18.25m @ 1.04g/t Au.”
Don’t get me wrong these are amazing first drill results and I am excited but come on guys do you actually know what you’re reading, without the nugget @393g/t it’s a pretty average intercept for the depth. Just trying to explain to those who are scratching their head wondering why we aren’t up 50%.

An equity raise to fund the 70% works.. just not at our current mcap. I bet Shaun is kicking himself we aren’t sat at a £1billion+ valuation. Hoping to be proved wrong as owning 100% would be life changing to all involved no matter what price you average.

I am a shareholder for over 2 years, currently buying at these levels will hold until 1 month prior to production, I have no agenda. I simply wanted to discuss something that’s caught my eye, missing tonnage in the MRE2 and a lack of growth potential in the 0-800m levels. Any posts that aren’t ramps seem to have no room for discussion on this board.

HAD133, HAD133W1 and HAD117W6 are all included in the MRE2 tonnage/resource update provided by GGP.

I will revisit this at some stage in the future and I will apologise if I’m incorrect.

For clarity, I believe there will be minimal resource growth in the levels 0-800m. Thanks for your time Bamps no hard feelings.

My last post was for Bamps