Member Info for Culpepper

On price, I have always understood that sort of thing.

I was referring to what might be viewed as company revenue/profit, all in the pot for Havieron.

Companies stand on their own merits.

You never know, for sure, do you.

Though it’s pretty much been turned over on here.

The ongoing price seems to indicate shareholders at large are not lacking in confidence.

Telfer MRE and accompanying will be the immediate arbiter.

‘we have to wade through hundreds of pointless posts to read the handful of useful posts from the likes of yourself, Timber, MH01 etc.’

You don’t need to do that.

Waiting on Telfer update.

It is.

And if it stays above $US4000, on the current state of play, Amaroq should be able to achieve its strategic objectives, at no cost to shareholders, if Nalunaq does its bit, Q2 on, perhaps end of, as recovery rates improve.

But I think that may be short-termism, with existing, seemingly material, assets to be developed. Including gold, to pay the way, but beyond that.

And I suggest, global considerations on critical minerals, rare earths and all that, the future beyond Project Vault and similar, will look to new sources. Which may make the Gardaq JV increasingly of interest, on the exploration side, across the extensive licences.

At the moment, apart from what might come from geopolitical considerations, I look to Nalunaq MRE soon to extend mine life and recovery at grade, whilst the company moves to bring Back Angel, next producer, up the value curve.

From there, it seems to move to Nanoq, perhaps starting as open pit, more cash to fund aggressive exploration, and Minturn.

Drilling season this year will be particularly interesting, both on resource, and scout for the years ahead.

Https://substack.com/app-link/post?publication_id=1504413&post_id=186304903&utm_source=post-email-title&utm_campaign=email-post-title&isFreemail=true&r=4xupfa&token=eyJ1c2VyX2lkIjoyOTg3MjQ2NjIsInBvc3RfaWQiOjE4NjMwNDkwMywiaWF0IjoxNzcwMDQwOTQzLCJleHAiOjE3NzI2MzI5NDMsImlzcyI6InB1Yi0xNTA0NDEzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.f-dnb-RaSOu4BfK2pFRLeb5BO1yWyXK_rdmbKkTpH34

Amaroq - the Nanoq video was awesome, and Minturn’s 69.5% iron grades across 9km of strike was also good news. Gilberton noted that

‘Greenland has the geological ingredients to host truly elephant-scale mineral systems. The identification of what appears to be a Kiruna-style IOCG project, underpinned by extensive iron oxide alteration and very high iron grades at surface, represents a significant strategic step for Amaroq.’

But it’s as ever the macro which pushed up the share price - both rising gold and Trumpian madness. I am convinced now that hundreds of millions of dollars and euros are going to enter the mining industry on the island, and when it does, only Amaroq will be capable of using this capital.

The are the only ones with the expertise.

Eldur even told CNBC that discussions were underway about potential American involvement in Amaroq’s operations, including long-term metal purchase agreements, infrastructure assistance and access to credit.

This is a long-term game.

I think last reported Telfer AISC was $A 2196 an ounce.

With longevity and better grades anticipated, and though the gold price is important, and with cash in the bank and a debt facility at least available, it should not materially inhibit Ggp’s march toward Havieron.

14th Nov.

Gold price. Just over $4000 US.

‘’Amaroq is in a strong position as we head towards 2026 with a robust financial outlook from production operations and a project pipeline which will deliver value enhancing opportunities across the decade, funded by positive cash flow from Nalunaq.”

So guessing at it, I conclude the scenario is roughly this. Rule of thumb sort of thing. At $4000 dollars an ounce - nothing operationally impacted. Less than that just may require a readjustment of where to put profit in the forthcoming season. I imagine Black Angel and environs will continue to be a priority.

We shall get detail end of February.

All the best.

Gold price continues to weigh, and it’s unpleasant to take paper losses. But one must stick with the fundamentals, with high grades and a low cost operation at Nalunaq.

Looking at the future, scheduled, we have guidance/budget late February, Nalunaq MRE update this quarter, final results 26th. March.

And on Nanoq maiden MRE ‘The confidence gained from these results, will enable us to fast-track resource drilling, with the target of a maiden resource in the near term, accelerating our planned development pathway for Nanoq’.

As the header suggests, the further opportunities for Amrq in the jurisdiction are unrivalled.

I’m sorry, and a little surprised, to hear you think that.

Most appear to agree with you on this board.

You have a high level of recommends.

Or are you the one to whom I loaned my sleeping bag?🤪

I would say to you, politely.

What’s your problem?

Actually, you’re here every day, pumping gold in one form or another.

Most leave you alone, whilst they may be thinking, not saying - him again.

You have your views.

So do others.

I respect your views. Opinions, whilst not agreeing they will, of right, come to pass.

Bit like Noswej, and his assessments.

There’s someting of a contradiction in that.

People struggling to cope with everyday life, whilst choosing to buy gold.

All reporting takes an angle.

We’ve seen some from King World news - pretty much an outlier, if not extremist.

Some like their guff, and repeat it.

All very well, but volativity prevails just now.

Yes. You take your chances.

It’s an interesting topic, all this punters should be buying gold, at this time.

I don’t know, nor do you, how many pi’s having invested in miners like ggp, have the cash swilling around.

Not very many true Bentley owners on here, I suspect.

Just on your last, Jimbren, you may know actually, the MXLGA was at the time heralded as Liberty Global ‘commissioning’ Mxc to build an outfit ‘of size and scale’ which it was envisioned would be sold on to Liberty Global.

They bought a couple of companies.

Seems to have become a dead duck.

Yet Mxc, doing the best for themselves, partners I guess retiring, have chosen, or whatever, to finish up with Tialis shares ( and cash )

I thought they would shape Tialis up, then sell it.

It’s obviously the best decision for them, retiring, and they take us with them.

Open to conjecture whether Smith and cohort see something in Tialis for the future. It’s with a lot to the Mxc concert party, individually.

I’ll leave you to it.

You and one or two others doing yourselves a disservice.

I know there’s a lot of delving into the minutiae - doesn’t help really, does it?

It’s shares, isn’t it?

Why should Ggp be any different?

You all know they rise and fall, in line with whatever they’re putting out there, and how good they are at.

Ggp adding to cash, rather than losing it. And expenditure on Telfer, creating new resources to add to that cash.