Member Info for Dip666

Lastly - Thanks to Paddy for this interview link from Wyloo's CEO with their GGP investment being discussed at 10 mins onwards.

https://youtu.be/YZyJD9hAB88?t=599

I think a lot of things have changed and lead to the DFS being moved:

- The size of Havieron
- The data supporting the link zone and also other data supporting growth and high grade zones
- Inflation and other factors would benefit from more time to optimise the FS
- Resource updates due in Feb so why not incorporate with the less urgency now required for DFS as we are now funded
- We became funded from the PFS so no longer reliant on DFS to secure it
- The amount we are funded by
- The capability we now have with the funding partners and directors we onboarded for further funding
- 3mtpa hardly touched Telfer processing capability so increasing production profile and LOM aids NCM greatly
- Their new CFO Sherry seems to be making changes to their financial models too for assessing projects and no doubt operational costs are at the forefront too so these optimisations will be fed into both studies to combat inflation etc.

I think we are all going around in circles, let's see what Shaun has to say later this week and perhaps chill out a bit, time to switch off for a while I think :-)

THE DFS extension wasn't a decision just related to Havieron, the Cadia FS has also been delayed and had been expected with the quarterlies. This is a group exercise not just solely related to Havieron - keep this in mind IMO . This is a great reason to suspect no foul play on top of the stated reasons for the extension. We have secured funding, a stronger DFS will only aid us now.

Also the last time I checked Brucejack has technical challenges hence Pretium shareholders were very keen to be bought out and NCM shareholders less keen to buy. NCM are making a big deal of expansion into America's so no surprise to see those projects being promoted at the moment, things will change in time.

Those paying attention to learning to interpret results in the last few years should know that there is more to the data than just headline numbers, you have to 'drill down' into the detail and also understand the geological model, mining methods etc. to put everything into context. Hopefully Shaun's interview will help appease some concerns later this week - DYOR as always :-))

Welcome to the depths of the Paterson where drills turn night & day
A Night Parrot cries eerily in the distance as the shadows lengthen
Darkness reigns as the Witching Hour falls upon us…..
Happy Halloween & Sweet Nightmares!!!

Halloween Poster at link below:
https://www.mediafire.com/view/ky1nquz6minpdeq/Happy_Halloween_at_Havieron.jpg/file

I think Panama's reply to Redtrader paints the picture perfectly mate ,harsh reality but many are getting distressed financially and have or are exiting the market on big losses. A huge 2020 crypto play that also made many wealthy failing miserable today due to funding concerns... I almost bought into it at 7p before it went sky high and well, today I could if I wanted. We'll have our hey day again I am sure, but without big news, we need the DFS/DTM to get us moving again in 2023.

Can I add a quintuplet bonus of a satellite ore body within the Hav mining lease Panama , still possible :-)

They also seem to be looking for camp scale targets again so perhaps honing into potential new targets using updated understanding of the geological modelling and I don't mean Graham Norton will be doing the drilling! I imagine this encapsulates both tech and geophysics.

Nothing wrong with exploring the reasons Redtrader, the below encapsulates the purposes stated for the DFS extension and then how Newcrest addressed inflation concerns in their recent earnings call.

Key Objectives:
- Optimise costs to combat inflation
- Optimise / increase production profile
- Increase resource & life of mine projections

Newcrest has fiscal policies around hedging and long term contracts for areas inc. fuel, manpower, infrastructure maintenance etc. which is BAU for any corporation.
i) Market is forecasting some key costs such as fuel, power, shipping and steel to reduce in Oz FY '24 (01 Jul '22 to 31 Jun '23) and beyond.
ii) Supplier shifting and contract negotiations through to detailed demand management and inventory management.
iii) Consolidation of contracts, volume-based discounts, rate standardisation, low-cost country sourcing
iv) Other levers like the use of digital enablers to increase efficiencies are also in place

All corporations are conservative, go through annual reports and targets and tell me otherwise for any company leading in it's field globally, missing stated targets can wipe 100's of millions if not more off a SP in no time, look at the FAANG stocks of late. Again, it is also Cadia that they have delayed the FS for in order to go through optimisation etc. No doubt they will integrate Feb resource updates along with optimised costs into both studies and one hopes a secondary method of extraction for the SLOS mining added to mining plan for ours, which would be very exciting.

Feel you're reaching there when you look at Havieron's AISC compared to peers, do you think ANZ, HSBC and ING felt concern when applying Due Diligence and agreeing to a funding framework with just a very conservative PFS and also Wyloo and Tribeca of late. Failing to go ahead after all this expenditure at Havieron would probably get the whole board fired - not just Sandeep... and as to why I think the DTM is going ahead, here's one I made earlier...

Newcrest haven't spent near $0.5bn USD to decide not to mine.
They haven't started a PRODUCTION READY decline PRE-DFS to decide not to mine.
They aren't tendering and securing multi year contracts and manpower around production and processing related areas to decide not to mine.
They aren't spending time and money on processing and exploring for additional lower grade Telfer pockets to keep Telfer running until Havieron comes on-line to decide not to mine.
They aren't planning on Telfer facilities evolving into a regional hub in their portfolio as Telfer Province to decide not to mine.
They haven't also continued into additional farm-in phases with various JV partners in the Paterson Region because they plan to mothball Telfer and decide not to mine.
IMO Havieron is being green-lit and being more than fully funded for our share of costs, we will soon be owners of 30% of one of the biggest Gold/Copper discoveries in many a long year... and perhaps a sprinkling of nickel on top of the cake.
These funding partners, mining industry leaders and top tier Banks haven't agreed to come join the GGP journey because they expect NCM not to decide to mine.
DFS and DTM may be occurring into a weak market but IMO we'll see a production rerate to some extent and the sector will rerate at some point from what appears to be a near bottom.
It's been a very unsettling and difficult two years since the euphoria of 2020 but we mustn't lose sight of the huge and monumental fact we are now fully funded.

4m 30secs for UFO at the end.

Hopefully we prove up way more of the iron ore tenements if a sale to Anglo planned at some stage for optimal profits, we haven't even started pushing the value curve yet if you think of it with just Han****.
Longer term plan to fund EH and MM could be in play I guess as Roderick drawn to UFO by those, interesting development and always good to show you can attract top talent.

They do have numerous clients and 'products' Srdoddy but I appreciate SaaS platforms are quite a confusing concept for some, some links below will help.

Metaverse - https://www.youtube.com/watch?v=gElfIo6uw4g

SaaS - https://www.youtube.com/watch?v=20QUNgFIrK0

You can explore the portfolio of services and info. on some key clients within B2B, B2C and B2G target markets on these websites:
https://devcleverholdingsplc.com/insights/
https://devclever.co.uk/
https://devclever.co.uk/services/launch-my-career/
https://www.inspirationallearninggroup.co.uk/
https://veative.com/

Also look at the trading updates and they had something like 200 career consultants a few months ago in India and you can see the team growing as the expansion of user bases within Indian schools does. It would probably help if Dev created a presentation or video to assist with those struggling to understand what they do but the company seems more tuned into insto that retail hence not billions of shares issued and more so looking at Riverfort etc.

Hi Patterdale, yep a few months is all the process takes and the new board additions help to meet ASX listing requirements. As Culpepper says it is a Cross not Dual listing being planned so no shares issue required, although can't rule out Dual if an opportunity arises as Shaun stated in Town Hall :-)

Differences of dual vs cross listing for anyone not sure:
https://www.ggpchat.co.uk/viewtopic.php?t=434

This is a quick 5 mins brainstorm focused on Dev's portfolio not just being about simple VR focused careers advice delivery :

-careers advice aided by massive library of learning content via class or remote homes based delivery, Veative gave us tremendous capabilities in this in multinational and multilingual aspects
- link ups with likes of NISA that enable adoption by their schools in most attractive target market globally
- building a presence through our advisory group in being leaders and pioneers that can help advise government policies globally, we have build great presence in UK and India in this capacity now
- integration into Lenovo's products and services, world's biggest PC vendor and also Chinese which aids penetration into China, also a huge market albeit with less friendly commercial aspects for EdTech due to legislative changes
- National careers challenges which builds on above and serve as a massive marketing opportunity to generate sales leads and immersion in Dev portfolio to both schools and corporations involved in them
- Employee focused opportunities, a very untapped market even compared to education for young people
- Live counselling
- Very strong proposition for Metaverse based offerings that do offer tie-ins with penetration into the market by the likes of Apple, Google, Amazon etc. as they build their own presence akin to Lenovo deal
- There will always be money thrown into education of children by the more affluent via private channels and funding provided by governments for public education so tapping into those still provide plenty of commercial opportunities even in fiscally restrained times

Agreed Culpepper, as production draws near the resource growth feeds more into LOM and it will be production rates and P/L that interest me as much moving forward, hoping they are adding a method to increase production rates into the mining plan to gain more Insto interest, they need to see plans in black and white that are then signed off. ASX listing and consolidation before production would be a great move too IMO to really propel the SP.

Once the DTM comes through, I'll become way more passive and less interested in every interview and announcement, it will be production and financial reports I keep an eye on post production much like when I invest in a main market stock. But you know what, I reckon that there WILL be plenty of news still keeping me hooked - so forgot what I just said!

I think we may well end up with another viable discovery in the Paterson, that Ernest Giles could well become a decade long development and inorganic growth will be a key focus once FCF established - these strategic partners aren't here just for Havieron and a 10 year plus journey on EG IMO, we will become a leading Oz miner in the next decade if all goes to plan.

@IOT - put the booze down mate, the truth is out there and your tales ring false.

Looking at Panama's post from 14:42 - plenty who see good things ahead in good time :-))

And Tymers, buddy I was kidding about the prune juice, did you just spend all afternoon sat on the loo instead of sorting those big buys out... good job we're besties you big daft numpty !!!

Normal lifecycle surely for an explorer like GGP bringing our first asset* online, hopefully one of many too :-)

- Debt/equity placings to fund the project feasibility work snd development
- Bring the project to production
- Bring in revenue to pay off debts and create profit
- Free cash flow that funds further growth

*And while we only own 30% of it, it happens to be massive, our 30% dwarfs many other peers and there is a derisking element through having Oz's leading miner carrying 70% of the burden, their mining expertise and providing infrastructure that drastically reduced CAPEX and development timelines.

Everything is a balance of pro's and con's in the end.

Ace, perhaps some of those buying in now are thinking a quick 100% premium with a takeover but so many with larger holdings and insto's looking for real payback which now will be beyond production IMO. I'm with Panama as well taht most are looking for a longer term but tastier pay-off :-)

Freddie, of course some are selling due to frustration or just need, happening across the markets. We are now well funded however IMO we must now conclude the DFS to accurately assess CAPEX requirements before undertaking inorganic growth or heavy investment in exploration. I am hoping a 'bigger' DFS serves as a better SP catalyst as payback for the delayed DFS.

The strategy has been clearly communicated since Shaun came onboard IMO:
- Take Havieron into production
- Explore tenements which fit the profile for larger discoveries
- Prioritise the above through nearness to Infrastructure and prospectivity
- JV/Farm in's with smaller assets such as those in Tasmania as the more passive party vs selling off but can't rule out
- Pursue Inorganic growth at some juncture, hard to define when but perhaps more 3-5 years onwards for any serious M&A

Have you considered prune juice to 'get things moving' BFF :-))

- so having this decline infrastructure there gives you a lot of options, now this is a sub vertical ore body, looks like a cylinder it's it really does I think lend itself to a shaft or a hoist I think Phil said the look I think what you also see is Newcrest uses a conveyor dedicated decline at their Cadia mine hugely successfully
- I think they move something like 30 odd million tonnes per annum there so I think both create you know very efficient and effective solutions, there'll be an optimisation around that or even you just have a second truck and haul decline there where you could you know say double your throughput on the South East Crescent
- but I think my into my mind ultimately you maintain that three million ton per annum South East Crescent and then you put either a shaft or a conveyor decline and you open up that block caving or bulk mining opportunity and I think that eastern breccia just in terms of its location being in a place where you could bottom up mining with block caves, get right down to the bottom and tackle that eastern breccia, it sits out away from the South East Crescent
- perhaps that's the first cab off the rank in terms of moving to the next level and that's hugely exciting to have that potential sitting within the ore body because remember this South East Crescent is really only a fraction of this ore body and even that South East Crescent, we're starting to get to grips with it but we don't there's still lots to come there
- so this is where you know we should be out performing our peers you know we are on a fantastic growth trajectory and the 50% increase in resource and reserves is testament to that

The End

Something has been niggling my brain since the DFS announcement and it was this excerpt from the LS3 Webinar in July, worth reading again with recent developments. perhaps we're just in a position where we can explore implementing some of these options to maximise the impact the DFS makes to both ours and NCM's potential :-)

https://www.ggpchat.co.uk/viewtopic.php?t=322

* Thanks Nick AND I’m sure Nick's delighted to hear that, okay yes Steve also asked the technical committee question , moving on Phil asks the GGP MRE mining plan shows a stoping phase into the northern corridor, Sprott's research note also suggests this operation, in the PFS they suggest a 3 million tonne or more operation how do you see the mining plan developing and what other infrastructure would be preferable, conveyor decline or hoist?
- Phil great question so look I think when I think about this this ore body I really think about it in terms of this this high grade backbone being the South East Crescent
- that's a single decline access, I think the most you're gonna to run up the single decline access is typically around that that three million tons per annum, that's a that's an efficient decline of truck movements
- I think that continues right through the life of mine then you've got the opportunities of how you take Havieron to the to the next level that's a second access if you're going to put in a shaft you want to have that decline in place already as part of giving yourself a platform to develop that shaft from or a conveyor decline
- equally you can come at it from both directions so having that first piece of infrastructure in is essential
- the other thing I want to just touch on there is you can then put drill platforms off them allowing you to punch into the ore body across those lateral levels that is more efficient it's cheaper and the cycle times for that information is quicker so we'll unlock our understanding and the full potential of Havieron quicker

Contd...

Hi MrEMC2, now I feel guilty posting it.. but broker notes IMO are half marketing fluff and half technical data sheets, some like Sprott and formerly Hannam (who aren't covering us I think now) provide decent insight and breakdowns on revenue projections etc.
But they tend to apply what I term Mathemagic i.e they have a kind of desired price point and everything is skewed to fit that for whatever purpose they have. So on that basis I tend to search for the insight such as potential techniques on increasing production profile and costs associated but rarely pay attention to the target price and as Paddy and Panama highlighted on the strengthening of the BOD to world class level.
The market will price GGP as it sees fit at the end of the day mate irrespective of the target price in this or any broker note :-)