Member Info for Culpepper

Perhaps a condition of sale.

Old hat now.

What was, has gone.

If they didn’t maintain/upgrade, in line with requirements, you would question their competence.

Perhaps I should qualify. Time was when Telfer mine was a supposed dead duck, and there were worries about where Hav 30% might be processed.

As long as money comes in from Telfer to bring Hav into production, I think we should consider ourselves fortunate, by design.

What price GGP then?

What it’s turning over in profit, earnings, if you compare Ggp on that basis.

Lots of talk about comparative PE ratios on here.

It’s not that simple.

Debt, capex, cash in bank etc.

Nobody’s really dived into that.

Just first glance PE.

You’re far too caught up in the USA economy. Look to our own, and others, if that comparison is the ‘new thing’.

It’s priced in US dollars, is the only nexus.

I don’t think BTC v gold has any relevance.

Much like many posts on here when Ggp price falls a bit.

A lot tak something else, in the absence of finding it hard to ramp Ggp.

It’ll find its way, on individual merits within gold price expectations.

You wouldn’t expect more or less.

There’s no manipulation on Ggp specifically. It’s another share, I think reacting to the macro, gold price.

Just my opinion, as long as Ggp remains profitable from Telfer, and it does, why all the concerns? On the way to Hav. The objective, as always.

You can chatter for ever, but that’s what matters.

Not somebody or other trying to compare IT companies with miners.

I add, before signing off on these old biased chat boards

for the weekend anyway, my thought, that would be punters are trending with the gold price, yet we have been told Nalunaq can be profitable for Amrq at $2000 an ounce. And on with all the rest.

It rests on the guidance - and one shouldn’t underestimate, if all has gone well, why not, its potential effect.

And, if there are direct investments/offtake agreements, the sp could do very well.

I add what Mr. Olafsson has said on throughput and recovery rates.

‘and the plan is to have that operational by end of Q1 2026. This means phase one is giving us recovery of gold between 50-70% dependent on grade, and this will then move us from recovery from then 50-90% or 70-90% or above 90%. This will increase cash flow significantly, with the same amount of ore that we put through the plant’.

Next scheduled RNS.

In anticipation of guidance this month, the first of its kind, this is what AI says, about what I thought from RNSs. Timelines may be out though, if they have not been able to execute as quickly as planned.

It will be a major milestone to actually prove to the market at large that Amrq can be significantly profitable in Greenland.

Anticipated 2026 Guidance & Budget Highlights

Based on recent operational updates and strategic goals, the following elements are anticipated:

* Production Ramp-Up: Following the completion of Phase 2 commissioning in Q2 2026, Amaroq aims to increase gold recovery factors to approximately 90%. The plant is expected to reach a nameplate capacity of 300 tonnes per day by the end of Q1 2026.

* Exploration Budget: The company has previously signaled an exploration spend between CAD 15–30 million for 2026. This will likely focus on:

* Nanoq Project: Expanded drilling following high-grade gold and copper discoveries in late 2025.

* Minturn Project: Scout drilling and mapping to test the scale of newly identified iron and copper-gold systems.

* Operating Costs: Management targets a monthly operating budget of approximately $5 million in all-in sustaining costs once commissioning is complete.

* Cash Flow Targets: Amaroq expects to achieve positive cash flow in 2026. Long-term annual gold production potential is estimated at 40,000–50,000 ounces.

* Strategic Milestones: Guidance may include updates on the planned Main Market listing in London for 2026 and progress on the West Greenland Hub, including the Black Angel project. 

Yes. Annual spat in congress.

Last time budget approved first time around was 1997.

Strange one this, sometimes.

After all day, buy for 10000 shares at 133 timed at 1636.

An assessment by Mr. Archer. For those with general interest. Amrq mentioned in passing, with others.

https://thatstocksguy.substack.com/p/government-cheese-for-the-green-economy

Unless anybody can split them down and show what Blackrock own directly, I suspect Blackrock clients own at least most, whilst Blackrock have voting power. And Blackrock take responsibility for reporting.

I don’t know, but I’m reading that Denmark hasn’t sent a rep to the US hosted meeting today, looking at the wider picture. Understandably miffed about Trump’s behaviour. Also that some in the EU are similarly sceptical, for much the same reason.

The way has always remained open for any and all interested in Greenland to work together, or to cut their own deals, like the said discussions between Amrq and USA.

C’m on.

You know as well as I do old Vic just part of a double act.

Helps the board along.

Same as moon.

All bb tomfoolery.

Well, Hydro was ultra imaginative, based on ‘facts’.

I like reading this Element.

Same ‘enthusiasm.’

Very high profile here.

Food for thought in the posting.

Just got to turn the volume down a smidge, when confirming our own bias.

I read it twice. It was the same.

I wouldn’t worry about the price of Britannias, and all that hookum.Fed up with all that.

Ggp don’t sell them.

It remains down to what Ggp can pull out of Telfer for now and the next 2 - 3 years.

Crikey.

Hav is, as you seemingly point out, still awaiting some approvals.

Normal process.