Member Info for Culpepper

My experience of this board is - it knows nothing.

And after the event, says how marvellous - whatever the immediate outcome.

If moderates are twits, then they may be in the majority.

You don’t have to offer to cut your wrists for £5.

In fairness, nobody else did on here, did they?

Bottom line on sp is, you lot should retain the obvious, despite the late reported trades and so on, buying and selling is done mostly on the day, through mms. Some is without mms, and reported later.

Nothing unusual, across all shares, though some on here thinking it’s some sort of fiddle. Only relating to Ggp

Theyre daft.

You exaggerate- but my view is better than most, if not all, on here.

Conservative. Realistic.Within what is known.

You, very much on one side.

Are a poster sniper.

Suits you Sir.

Political references?

Labour v Conservative.or any other party.

The mines are Australian.

Bugger all to do with UK.

I mean, just me, it might not be a bad idea for the bb to become less idealistic on another Australian miner, and take it onboard as reliant on results.

Together with the idea, at least, it’s undervalued against peers.

We’re all stuffed with what happens next, arent we?

Regardledless of Bamps, all the rest, it’ll be down to Whatever can be made of Telfer, pending Hav, 2028, and ramping up to 2.4 mtpy production.

Won’t it?

It’s just me, perhaps.

It’s my belief, that when posters start posting on political preferences, to disadvantage, it’s indicative of a failing belief on a bb in their investment.

Though they ain’t, really, no more than anyone on here, got a clue on gold price, Ggp AISC, blah blah, or what old Day does next.

Without wishing to be rude, I dismiss you, and one or two others, Cheeky Boy, as bb jerks.

All the best.

Regardless of what’s said on here, the next, I believe scheduled release from Greatland, is January.

Happy Christmas!

Forget your bingo cards.

Hav DFS awaited.

Telfer drilling awaited.

Price will then find a level. After a few days, respectively.

I dunno whst that might be. Nor does anyone else.

Not so sure JLE finished, by the way, to sell Amrq and buy subsidiary Suliaq.

JLE has optionality to buy Suliaq. In £4m tranches.

It’s all advantageous to Amaroq.

So I think, as do others, pretty obviously, it’s a matter, for now, until Hav comes online commercially not first ore, it’s down to profit from Telfer, taking into account drilling costs, to reduce overall company outgoings on Hav, leading to commercial 2028?

Nobody here knows the end result.

Telfer was never the investment opportunity as a mine.

It was a derisking process, to enable Havieron.

It should be seen as such. Processing.

Telfer did not warrant capital expenditure under Newmont. Newmont additionally saw Havieron as surplus to their existing proven Tier 1 mines.

Anything from Telfer expansion is a distinct bonus.

This seems to me a junior miner, going on producer, an aggressive explorer, in a new frontier with previously untapped resources in the modern mining age.

Positioned as the ‘go to’, for those seeking advice, assistance, JVs, and willing to pay for it.

Friday results up next.

The main balanced thing now is getting revenue in, to pay to test and develop all the opportunities, which require prioretisation - Nalanuq first, Nanoq as a satellite feeder next ( revenue/profit ) And bringing on Black Angel, whilst queuing up more intense proving up elsewhere.

I hope Nalanuq is not delayed. But it will come anyway.

As a qualifier on expectations, even at the high world grade published, I think it’ll take a while of jiggering about, calibration, with the Nalunaq plant, to achieve best recovery rates.

So, you know, all seems better than OK.

Fridays info will, I think, determine confidence, or a lack of it, in the shorter term.

Cash being all.

All the best til then, at least.

Continued….

Geographic diversification reduces operational risk. Commodity diversification provides optionality across different metal price environments. And the infrastructure leverage (using existing camps, ports, and logistics chains to support both operations and satellite discoveries) creates competitive advantages that are nearly impossible for newcomers to replicate.

By 2028 or so, if everything executes as planned, Amaroq could be operating two mines, producing 80,000-100,000 ounces of gold annually plus meaningful zinc-lead-silver production, all supported by a services business and hydroelectric operations.

Of course, everything has to go right first.

For what it’s worth, a previous summary from Charlie Boy Archer on West Greenland Hub, centred on Black Angel.

The West Greenland Hub: Building the Second Production Centre

In June 2025, Amaroq acquired the past-producing Black Angel zinc-lead-silver mine and adjacent Kangerluarsuk licenses, creating what they’re calling the West Greenland Hub.

This move accomplished two things: it cemented Amaroq’s position as Greenland’s largest acreage holder, and it gave them a clear path to becoming a multi-commodity producer with operations spanning the entire country.

Black Angel isn’t a speculative grassroots project. It was operated by Cominco (now Teck Resources) from 1973 to 1990, producing over 11 million tonnes at combined grades of 12-15% zinc-lead plus silver over 17 years.

This was a real mine that made real money until commodity prices made it uneconomic.

Fast forward 35 years and the economics look completely different. Zinc prices are strong, sitting around $3,000 per tonne versus the $1,000-1,500 range that prevailed for much of Black Angel’s operating life. Modern mining methods dramatically reduce costs and improve recoveries. And the kicker? Most of the infrastructure is still there.

The site has accommodation for 20+ people, helicopter hangars, cable car equipment, a deep-water port, and extensive historical drilling and mine workings. Just building a camp and logistics hub in Greenland costs $3 to $5 million - that’s already in place. The airstrip, the port facilities, the basic infrastructure required to operate in a remote Arctic location - it’s all there, waiting to be reactivated.

The current resource stands at 4.4 million tonnes. Amaroq’s plan is straightforward: drill aggressively through 2026 to expand that to 10+ million tonnes, focusing on the Glacier Zone and Deep Ice Zone where the retreating glacier has exposed new mineralisation. Conduct bulk sampling to confirm metallurgy. Update the resource model.

Then make a production restart decision.

This is the Nalunaq playbook applied to base metals: acquire a brownfield asset with existing infrastructure, drill to expand resources, de-risk through systematic work, then restart operations leveraging everything that’s already built.

It’s a proven strategy that dramatically reduces both capital requirements and development timelines compared to greenfield projects.

Adjacent to Black Angel sits Kangerluarsuk, which shows similar geological signatures to Nanoq - with saddle reef structures that could host significant tonnage. If the 2026 initial drilling confirms the geophysical anomalies and geological model, Amaroq could be looking at a symmetric position in West Greenland: two major base metal deposits (Black Angel and Kangerluarsuk) just as they’re building in South Greenland with Nalunaq and Nanoq.

The strategic value of this approach is hard to overstate.

Well, you know, as miners go, and Greenland is acknowledged as being challenging, performance is pretty impressive, in terms of the model, foresight and expertise, and the aim to diversify over time. Both as producers, and explorers.

On production and revenue, I hope to hear Friday that Nalunaq will be all systems go in the New Year.

And wait on Nalunaq and Nanoq core drilling results.

As what is fast becoming, if it has not already done so, the major mining force in Greenland, with increasing opportunities ( proven experience in that environment and Suliaq ) to have fingers in other would-be’s pies, one can see why they will take a London main market listing next year. Winnifrith reckons as soon as Spring, wherever he got that from.

Hopefully that will increase analyst coverage, and decrease volatility. If JLE has finished selling, to invest in subsidiary Amrq, at least for now, then one issue is gone.

I can see, with its own board of directors, representative of JLE and Amrq, at least a possibility of Suliaq being spun off in due course.

A fair bit detail there, to be built on as things progress. Amrq keeps building its development opportunities.

Broadly, it’s in Mr. Olafsson so’s comment.

‘ “The completion of this transaction establishes the West Greenland Hub as Amaroq’s second mining province and a cornerstone for our broader growth strategy. In addition to hosting the Black Angel and Kangerluarsuk projects, the Hub will serve as a logistical base for our servicing company, Suliaq, which will provide equipment and operational support to the growing mining and exploration sector across West Greenland. We look forward to advancing the West Greenland Hub as a new centre of mining activity in Greenland.”