Member Info for Culpepper

Just emphasising a benefit of getting in early, at a cheaper price, if things go well and a company eventually pays dividends.

I think you’re talking of dividend yield - calculated on the current share price when dividend announced.

ie if you bought much cheaper, then your own yield is much better.

This is a negative thread, you lot need to get your heads round we are sat on 2 major developments and not concentrating on Havieron start.

No it’s not. People are reasonably trying to establish time lines, for what that’s worth.

They’re well aware that Telfer is being further developed, signs are very good, and Havieron will come online, as and when, adding to revenue. After further optimisation, other ore handling arrangements with a view to increasing tonnage.

It’s not unusual for there to be a gap between first gold pour as they refine their processes, ramping up to full commercial sales and steady state production. One I’m in is taking almost a year from first pour ( some of that, admittedly, down to commissioning the mill, but it may be that some reconfiguration is required at Telfer )

I think you may still struggle with the use of the English language.

Whilst sometimes grasping the point.

You may also be somewhat contumacious.

Amrq is sitting on a goldmine.’

Sat on that at Nalanuq, digging it out and accelerating towards year end, whilst looking at satellites, Nanoq and so on.

And the exploration of strategic metals. Paid for by the gold.

I think we are beginning to see more interest in diversification, rather than relying in the longer term on an elevated gold price.

It is history, but Day gave a clear message yesterday, as I posted then.

“Old Day seems confident of results on what will be put out ( he’ll know more than so far he can say, eg what can be included as reserves ) - one presumes he’s excited to the upside on company progress and not the opposite.

“The upcoming June 2025 quarter is a very exciting one for Greatland, in which we will report our first full quarter operating results for the March 2025 quarter, give production and costs guidance for FY2025, deliver our inaugural Telfer Ore Reserve estimate, and list on the ASX.”

‘Missing the point as always peppers.’

Don’t know what you’re thinking of, never do, but the point for me and punters cash is despite ups and downs, the share price, has been, and is, trending up.

You might, but I don’t call 72% up over 6 months much of a downward manipulators success.

I leave it there.

About time the over-imaginative put those hookum thoughts on one side. It hasn’t, nor will it, provide a service to readers. Buying pressure puts price up. Like any other share.

Old Day seems confident of results on what will be put out ( he’ll know more than so far he can say, eg what can be included as reserves ) - one presumes he’s excited to the upside on company progress and not the opposite.

“The upcoming June 2025 quarter is a very exciting one for Greatland, in which we will report our first full quarter operating results for the March 2025 quarter, give production and costs guidance for FY2025, deliver our inaugural Telfer Ore Reserve estimate, and list on the ASX.”

The important thing in these times is they already have considerable finance in place, subject to normal banking conditions and qualifications. Some reporting doesn’t mention that, and it might have led readers to believe a placing was more likely than not.

Hav, and extensions at Telfer will cost, but the balance, Hav capex against Telfer profit/capex,all subject to future RNSs, seems to be falling into place.

I don’t think we’ll hear much more about Hav, costing and so on, until the FS.

Telfer is the short/medium interest.

And they’re off to a very good start, stockpiles, and today’s.

No. But you can pretend. I been trading, only posting middle of the road stuff, last few days. Now may be the time to hold it all.

Knock out the ‘ all of their shares’. That would not respect the Wyloo side-deal.

I think it was probably open for Wyloo to have bought more at 4.8p on the last placing. The intention, as I recall, was that better take-up of the placing would result in Newmont finishing up with less. It didn’t happen.

I remain of the view, subject to agreement with Ggp, and whilst continuing to respect Newmonts ‘side-deal’ with Wyloo, Newmont could offer up some or all of their shares to support the ASX listing.

Seems to me gold in the ground, as at Hav, is not valued anywhere near what one might wish as far as current sp valuations go. I imagine that will change in nearer proximity to Hav production.

For ease of reading, they set out the generality of things as they stood then in the December RNS. I don’t think it’s exactly out of date pending more news on both mines.

Telfer production: Telfer is a substantial operating gold-copper mine that is expected to generate significant near-term cash flow. Greatland will benefit from an estimated c.11.5Mt of run-of-mine ore stockpiles that have already been mined, significantly de-risking and reducing the costs of Greatland's initial Telfer production. A further estimated c.20Mt of low grade stockpiles are also available.

An independently reviewed initial Telfer mine plan was set out in the Competent Person's Report in Greatland's Admission Document published on 10 September 2024, with total estimated production of 426koz gold equivalent at an estimated AISC of US$1,454/oz (net of by-product credits) over 15 months from the restart of processing operations at Telfer (which occurred in late September under Newmont's ownership). Greatland expects to provide production and cost guidance for FY25 following its first complete quarter of ownership and operation.

§ Telfer extension opportunities: In parallel to executing the initial Telfer mine plan, a number of additional potential Telfer ore sources have already been drill tested and will be assessed with a view to extending the current Telfer mine plan. Greatland will conduct a Telfer-wide review of all mineralisation and stockpiles to produce an updated Telfer Mineral Resource estimate in accordance with the JORC Code, targeted to be completed in the March quarter 2025. Further high priority mine life extension opportunities at Telfer will be drill tested.

§ Havieron: Havieron is a world class gold-copper project with a Mineral Resource estimate of 8.4Moz gold equivalent metal content. The independently reviewed base case (the Greatland Base Case), set out in the Competent Person's Report in Greatland's Admission Document published on 10 September 2024, estimates a 2.8Mtpa mining operation with average annual production of 258koz gold equivalent at a lowest quartile all-in sustaining cost (AISC) globally of US$818/oz in steady state (first 15 years, net of by-product credits), with a 20-year total mine life. The Greatland Base Case will be refined and optimisation opportunities will be assessed in a Feasibility Study targeted to be completed by Greatland in H2 2025, including potential mining throughput expansion and consideration of a bulk ore handling solution.

Yes - as I said and we know - Telfer in v Hav out. The strategy.

MHO 1 will know about that more than I - I think it was 50% floated, down the road, but will be put right.

It’s apparent the financial side is down to what can be got out of Telfer, steady state, til Hav commercial gold 2028. Future RNS’s will guide. On capex, it’ll be in the FS, when they publish how they’re going about it. I have read that to increase tonnage a haul shaft is under consideration - adding 50% to £500m capex but that outweighed on balance by increased production - accretive.

It’s not a downer, but when people talk earnings capex can’t be swept away.