Member Info for Dip666

@Knocky - response to your concern listed below:
"Prior to this though, I feel the arbiter may well go for the NCM figure. Both figures will be plausible in the eyes of the proposers, selecting the NCM figure would be an easy option. Again if this occurred the GGP share price would fall, as perception would be that GGP is underfunded and again an ideal situation for NCM to take out GGP at a much lower cost than people would like."

- How have you come to this conclusion without knowing what either valuation is? Should we go to arbitration (we may well already be in this process now as unclear if a RNS is required to inform us) the 3rd party will be an independent party and expected to study each valuation and pick the one closest to FMV to be used at the 5% price tag.
One could argue the metrics utilised in the NCM PFS may well be too conservative for a base case in a valuation and of course vice versa but we don't even know what either valuation is and how they were constructed.
- I've posted excerpts before on Shaun and Alex Borelli's feedback from the previous AGM on questions related to SP and bids and worth revisiting to understand that it will be incumbent on the BOD to obtain a valuation of Havierion/GGP in the scenario a bid is made to evaluate the offer against.
It is not the current SP they are expected to use to decide whether to put an offer in front of us and decided what their recommendation is. Of course, what those values might be for either an offer for our stake in Hav or the entire company is up for conjecture.

Also, really worth understanding how GGP used kriging in the GGP MRE and understand what the true potential of Havieron may become in time and why it might be worthwhile for us as shareholders to remain invested but as always DYOR and MYOD of course, but I would say put in the homework to come to an informed decision :-)

Notes on Kriging and the GGP MRE
https://www.mediafire.com/file/flngyoovvhgz4rx/Bamps_thoughts_on_methodology_used_in_GGP_Resource_Update.pdf/file

Notes for GGP AGM
https://www.mediafire.com/file/4pelib4pqk9y8u0/Notes_from_GGP_InvestorMeet_AGM_-_14_Dec_2021.pdf/file

Info on Option Exercise and Valmin Code
https://www.mediafire.com/folder/uv8jaum5kycrr/-+FMV+Valuation

Link to all GGP notes on interviews etc.
https://www.mediafire.com/folder/dhg76ksjgan5r/GREATLAND+GOLD

And of course Liam's web site to cover links to all resources :
http://ggphelp.co.uk

Knowledge is Power as they say :-)
It's surprising to see some members holding long tern and with substantial shares not having understood the NCM loan T&C's when it takes 15 minutes to research by reading the RNS's etc. and perhaps once someone does they may have less concerns over it and it's been in place for so long, anyone holding for a while and especially with a large holding surely should be familiar.
Same can be said for the Option Exercise, some of us here have broken the Valmin Code down, sourced video's and presentations that assist with understanding it, including looking at and disseminating a valuation created by SRK for Kharmatagai and also studied valuation methods etc. and tried to clarify the overall option process after checking with investor relations. Plenty of threads covering this on the board now.
Kind of depressing and makes you wonder if the effort is worth it TBH as a lot of work being put in by a lot of people unlike any other stock I've ever been invested in but it doesn't seem to be helping with fellow PI's then spending the requisite time to use the information and learn about these topics as the more you do the harder for anyone to either ramp or deramp effectively IMO - you become secure in your own decisions be they selling or buying related :-)

Glad you voiced your doubts Sandgrounded TBF as best way to appease fears is recognise them and look at the issues:

@We are told term sheets are sitting on the desk, but none have been concluded so far. It could be that we are waiting for the 5% FMV to be concluded, but where we are in this process is shrouded in mystery with no updates from either side.

- Seems logical to me for Shaun to await the option exercise outcome and see if NCM buys the 5% as two important factors are contained within the outcome.
First being do NCM purchase the 5% once a price tag is decided of course, second being how much of the loan and development costs will be covered if they do.
Banks will look more favourably on us with the NCM loan being fully paid off and of course it will be easier to borrow a lesser amount if there is a payment over however much of the $50m loan we have used up.
So it make complete sense to await the outcome and then close the funding and of course doing so with just a PFS in place isn't the industry norm but Shaun has indicated he strongly feels it is possible and has term sheets and has shortlisted some potential lenders already, which I would say speaks to the economics of the starter mine if he manages to fund our share of costs for Havieron without a BFS.

Thx Metalhead, I've got a few more from previous interviews filed in the link below for anyone new to UFO interested :-)

https://www.mediafire.com/folder/3mvw5bggn97yg/ALIEN+METALS

In a nutshell we know what GGP’s strategy is over the next 5 years;
- to develop the infrastructure and commence production at Havieron in around 18 months hand in hand with NCM
- once production commences with the SLOS starter mine there will be plenty of effort placed into both additional resource growth through continued exploration and production such as the two currently defined block cave opportunities
- explore the Juri targets with our 2nd JV with NCM
- explore our own wholly owned tenements within and outside the Paterson to create new opportunities and perhaps divest or consider our own JV’s for those not considered a priority due to potential resource size etc. such as in Tasmania
- potentially utilise M&A activity in creating a diverse portfolio of assets

We also know that;
- Shaun’s put in place a team to deliver these goals which has shown it’s capability with an independent MRE for valuation and funding purposes
- That the 5% will eventually conclude (perhaps before the DFS is delivered from comments made by our MD) and GGP can then arrange any additional funding around the outcome
- Shaun seems very certain that NCM will purchase the 5% and leave us 25% but of course with a unspecified as of yet amount of money
- He’s working on closing any additional funding that will be required for our share of Havieron development costs in readiness for the above, we know there are term sheets in place already
- The team are prepared for any takeover or bid for our stake of Havieron, so it won’t catch them wrong-footed if an attempt is made by NCM
- Confidence levels amongst industry observers/analysts that Havieron will get green lit and commence production are extremely high given the need to replace Telfer’s fast diminishing ore, the economics of the ore body in very conservative studies, a production ready decline, infrastructure spend and activities being observed around Havieron and readiness at Teller in processing the ore amongst numerous other factors.

Unfortunately no matter how good our fundamentals the entire sector is completely unloved and this isn't the only AIM explorer/developer I've seen a big retrace on since 2020.
Personally I feel the sector will see sentiment return on top of a production rerate here in time but as always DYOR as it’s up to each of us to do the legwork in researching our stocks and the markets and make our own decisions without letting anyone else influence us too much.
You’d have to be made out of well…..metal to not be feeling down of late and am sure I'm not the only one who'll be indulging in some 'alcohol' therapy later :-))

* Iron Ore pricing?
- Last week was around $140 (per ton) , last 10 days the price was coming back up as China is opening up from some of their covid lockdowns
- Everything taken a bit of a pasting in the last few days again
- Looking at chart now and it’s showing $132 per tonne for DSO grade so even with that number with our FOB (Free on Board) costs of $65, or even worst case $75 we’re still looking at $60 a ton mark up, profit, so still very comfortable with that
- Dependent on whom you talk to, forecasts vary from price being stable , to up or down but key for this project is the grade, a 62% plus grade overall especially in these early ridges for mining and low deleterious elements - so a very attractive product
- Worst case if iron drops to $100-110 per ton for a period of time, with 62% plus grades we’re still able to produce and make a profit whereas if we had a 58% product we’d be in a lot of trouble
- We are confident the product is right, still have a lot more there that we are still to test to increase the resource
- And still haven’t drilled at Brockman, lining up to do that in the next couple of months and very excited about that one
- And once the Vivash Gorge acquisition is complete then that’s the third one, which we have a sense has potential as well
- All looking great for the iron ore, just pushing ahead.

* What’s next over the next 3-6 months for shareholders?
- Nearly finished Han**** Phase 4 drilling on the two ridge systems and hopefully start drilling on some of the new targets to prove up expectations of more high grade resource
- Start drilling at Brockman as everything now in place, just a case of timings as been a bit of rain in the area, rain often means shutting dirt roads to protect them but working on it and will be in there as soon as possible
- Lots of ideas in the pot for MM and EH and hopefully plan to update the market soon on these ideas and plans
- Waiting for results from Mexico on initial drilling program, hopefully with positive results so we can make plans for the next phase
- Keep working on the permitting on Han**** to keep the momentum going for planned production and strategy is for Q1/Q2 next year.

* 3 reasons to put UFO on watchlist?
- Han**** iron ore standalone niche project due for production in 2023, very low CAPEX & OPEX with significant upside and hopefully going into it with an offtake agreement already in place
- Huge potential at EH & MM, still untapped with two historical resources with one never attempted to be mined (PGM’s at MM) and once the mine opens at EH, and just had confirmation that the main headframes are read and all the safety specs have been done so that’s ready to go up and get that water out and get back in
- And then Mexico, great projects that have been slower out of tracks but on merit you could follow UFO just for those and excited with those as well.

END.

Interview: https://audioboom.com/posts/8104415-bill-brodie-good-of-alien-metals-direct-shipping-ore-grades-have-been-confirmed-from-bulk-sample
RNS: http://www.rns-pdf.londonstockexchange.com/rns/1287P_1-2022-6-16.pdf

Download: https://www.mediafire.com/file/72xw55cy7gdhwlm/Notes_from_Vox_interview_DSO_Grades_confirmed_from_bulk_samples_at_Han****_-_17_Jun_2022.pdf/file

* General overview of UFO ?
- 3 main projects with iron ore at Han****, Brockman and soon to be at Vivash Gorge
- Exciting Elisabeth Hill (EH) and Munni Munni (MM) project also in the Pilbara to the west including a historical silver resource at EH, a historical PGM resource at MM and potential for other base metals inc. nickel, copper, cobalt systems available in a larger volume, lower grade capacity that haven’t been previously looked at
- Great Mexican assets (2 silver & 1 copper) which have results awaiting from initial drilling.

* Take us through these bulk sampling results for Han****?
- Key point is that as part of developing a project to get to a mining phase, a bigger quantity bulk sampling of representative material is required to then obtain a process flow sheet
- This work has quantified our assumptions through lab work to produce a low cost flow sheet for processing the material
- It is a key element of the project and displays that from the 2.5 ton bulk sample that went through tests such as a tower drop have resulted in a very simple flow sheet
- So it means a simple crushing and screening of the material which reduces any extra operational costs (OPEX) and therefore capital costs to get into production
- To be clear its one sample from Ridge C, not the whole ore body but it’s as representative as possible for this particular area
- From the 5 spread out samples the labs received, the average grade is 62.7% which is fantastic to have confirmed from a 2.5 ton sample from the aspect of both the iron content and low impurities
- These are another key element to the value of the project through low impurities of silica, alumina, phosphorous which all add to the value of the product and the potential growth of the overall project.

* And prepared samples have been dispatched to potential customers?
- Already in discussion with several parties for a while in regards to offtake agreements whereby they would want to come in and secure product for the first few years or lifespan of the project
- Also, to assist with their normal due diligence process we’ve been able to use the bulk sample to prepare and provide 100kg representative samples (a combination of fines and lump) they can test internally to corroborate lab testing which gives them additional confidence, derisks the project and hopefully increases their interest and UFO’s bargaining ability.

CONTD....

HAD133W9 from 1604m perhaps?

I think in the future we'll see as many new investors buying in for the production rerate in our next hype phase along with the economics and planned bulk mining (already being defined for two zones) as resource size will continue to get proved up over many years as they mine Havieron, best of both worlds in a way.
And as we're not a major we'll remain agile and focused on exploration too and I do expect some well planned acquisitions along the way, Shaun was part of NSR's amazing growth and undoubtably learnt plenty of lessons along the way as their CFO to understand the best way to implement a strategy for controlled but rapid growth and has surrounded himself with a very capable team.

I just wanted to beat Loggy to it - it's like he can read my mind - get out of my head!!!

The last 18 months have been anything but easy and frankly with GGP's own SP decline, the entire sector being as popular as a fry-up with vegans, the uncertainty around the 5% and the shorting would be enough. But then add the general state of the entire globe both economically and geo-politically and 'da system' showing serious strain we probably have a explosives shed load of of volatility ahead.....
Most of us are hoping to see the 5% resolved and NCM are more than likely to purchase the 5% based on Shaun's own thoughts, he knows how much the GGP valuation is of course and must think it's still attractive enough for NCM to push the buy button if we come out on top in arbitration.
Following the conclusion of the 5% we would hope given that we have term sheets in place it will be followed by Shaun announcing any additional funding being arranged if required and he seemed to suggest we'll see the above before the DFS is due from October to December this year. We also know that decline progress is improving as ground conditions are increasingly more favourable, hopefully we get confirmation in the next NCM quarterlies in a few weeks.
All of these should see us set up nicely to finally enjoy the path into production more and we can expect more of that lovely CAGR evidenced through additional growth drilling now confirmed and of course a DTM after the DFS that should fingers crossed help us see a rerate into production as the worst kept secret in the industry is confirmed - in that Havieron will be given the green light and in time potentially become one of Australia's largest Gold/Copper mines.
Hopefully we'll get more encouraging news from our planned exploration on other tenements too, both wholly owned and with the Juri JV with NCM and we know all about the potential base metals opportunity and the 'Gap' zone hopefully becoming.... well.. lessened I suppose as matters progress and more drill results come in.
We're mostly of the thought that Macro factors will eventually see Gold kicking off to new heights I assume as why else are we invested in GGP and it should help initiate a return of general investors and the big money to the sector and if it does, that we might see momentum akin to 2020.
Like more than a few of us, I am optimistic this could be a longer up trend for this sector as theorised by Willem 'Winky' Middelkoop in his interview of late - but as always DYOR and MYOD, very unsettled markets and much mayhem ahead and certainly only a brave person (or fool?!) would proclaim they know exactly how things will play out in any context related to the above :-)

#Focus On Facts Not FUD

p.s No Night Parrots were harmed in the making of this message!

Detailed Notes for both interviews:

Part 1 - https://www.youtube.com/watch?v=Ja7ERAlsxQg

https://www.mediafire.com/file/nkw1bxzcbxj61gf/Notes_from_GGPHelp_Interview_with_Liam_-_Part_1_-_25_May_2022.pdf/file

Part 2 - https://www.youtube.com/watch?v=TSER3ftyTcw

https://www.mediafire.com/file/suo02n6j4pptbdx/Notes_from_GGPHelp_Interview_with_Liam_-_Part_2_-_09_June_2022.pdf/file

- Newcrest is developing Havieron tailor made for a mid-cap’s balance sheet such as Greatland by driving into and developing that SE Crescent to access that High Grade ore and generating cash flow to reinvest back into advancing the decline all the way to the bottom of the crescent
- And as they do this, opening up access to the additional mining areas with the infrastructure ready and in place when needed and additionally to enable exploration drilling which from depth will require much shorter lengths and result in quicker reporting cycles
- Once the planned 40,000m of growth drilling is completed in the next half of this year, there will be a substantial growth drilling program put in place for FY23
- The hotly anticipated Feasibility Study is expected to take the PFS’s 2Mtpa to 3Mtpa giving a 50% increase in mining rates and again the deeper you go, the longer the cuts and the more efficient the mining methodology
- The painful transition period from a junior is nearing an end, Shaun Double ‘O Day has a multi-faceted team in place for both funding completion and all aspects of the mining business and soon we’ll be able to refocus on the growth of the ore body and path to production
- Further regional exploration is planned too with shallow RC targets this month followed by Diamond Drilling in a couple of months and economical pre-collars to accelerate everything
- An exciting 6 months ahead and is it dawning yet……. the realisation that Havieron could well become one of the largest Gold / Copper mines in Australia?
- And what’s the burning question now, what still eats away at the GGP investors’ curiosity laden hearts…. a helping of base metals nestled amongst the Eastern Breccia perhaps or that Gap zone closing up?
- Perhaps they worry that Scientology’s most famous son enacts revenge on Liam for poaching his Box Office GOAT status?!
- No……what we all REALLY want the answer to is……. when’s the next instalment with Liam and Shaun!!!

#IfYouKnow.YouKnow.

- The relationship with Newcrest outside the scope of the 5% Option Exercise is still excellent, plenty of regular collaboration and full of mutual respect
- There is plenty of structural alignment with Newcrest on the vision for Havieron including reinvesting into bulk mining and sustainability with options towards achieving a zero carbon footprint
- Perhaps an overland conveyor system is under consideration?
- Liam and Bamps can stop worrying about Night Parrots so much!
- Havieron could well be renamed in the future to a name more in line with the heritage of the Martu people
- Shaun needs to be more adventurous in his ice-cream consumption…….?!
- Corporate governance is taken very seriously, GGP is not your typical AIM company in that respect
- Shaun understands the frustration around the share price decline but the team is very much focused on trying to build medium to long term value to enable the best outcome for shareholders in the long run
- And talking of running, keep up the exercise Shaun, we want you nice and healthy to look after our own interests!!!

Highlights from GGPHelp Interview with Liam - Part 2 - 09 June 2022
https://www.youtube.com/watch?v=TSER3ftyTcw

- The sequel was worth the wait… Tom Cruise may be a Maverick… but Liam is a Master at work
- Potentially closer to the end than the beginning of the 5% option exercise with Newcrest and expectations are it might be concluded prior to the Feasibility Study which is due from Oct to Dec 2022
- The independent GGP Resource and Reserve update was actioned to aid both the funding process and the option exercise to provide a point in time update of the value of Havieron
- GGP’s update displays that the value continues to grow and increase over the passage of time…. CAGR is the name of the game with a 50% increase in resource & 50% increase in reserves in the last 10 months of drilling and with 86% of the PFS resource converted into a reserve from the included sections of the SE Crescent…. it’s just oozing world class quality
- The decline increases in pace as ground conditions improve allowing longer cuts and first production ore is currently scheduled for early 2024 from the starter SLOS mine focused on the High-Grade SE Crescent which continues to grow and now officially… at 1000m of vertical depth
- And one wonders…. is that the extent…. surely not… not with this ore body!
- Additionally, two bulk mining opportunities are forming with a block cave centred around the Eastern Breccia and another potential block cave around the Northern Breccia zone
- 1 mine, 3 mining areas, a BEAST of an ore body

CONTD..

If You Know.You Know and thanks to Liam we know :-)

HIGHLIGHTS from GGPHelp Interview with Liam - Part 1 - 25 May 2022
https://www.youtube.com/watch?v=Ja7ERAlsxQg

- Liam took his opportunity on the big stage and kicked the ball right through the net and outta the stadium, well done chap!
- Last 10 months of drilling delivered a 50% increase in both reserves and resource
- The Eastern Breccia is hugely significant in various ways and every interview and drill result is reinforcing this and the ‘gap zone’ may well give us more positive surprises
- Base metals are definitely a topic of increasing interest in and around the massive sulphide zones sitting around the Eastern Breccia
- There are some highly experienced and qualified staff being attracted to GGP through Havieron in a market that favours employees due to supply shortages for employers industry wide
- Shaun considers Havieron as a multi decade Tier 1 asset with the potential to be a Top 5 Australian Gold/Copper mine
- As those of us either proficient or learning about the geo side of things know, there is more to finding other discoveries than grav/mag anomalies such as with the Eastern Breccia
- Shaun reiterated Havieron is a very sizeable system that could still hold many surprises and bodes well for peripheral bodies along the structure both within the Havieron mining lease and at our 100% Scallywag owned tenement
- CAGR potential through Havieron is a key attractor for those invested in or planning to invest in GGP in many areas such as future growth in resource and reserves and life of mine
- Shaun and the team are prepared for any takeover or control threat and ultimate aim is to ensure that one way or another that maximum value is delivered for shareholders in the medium to long term
- Shaun is very focused on becoming fully funded once the ‘transition period’ is over including conclusion of the 5% option exercise with Newcrest and focusing attention on the path to Free Cash Flow and bulk mining
- Intention is to utilise Havieron to become a multi asset, multi billion dollar company but in the event of a sale they would want to return some of the profits to shareholders
- There is a multi-faceted team in place now to cover all aspects of the mining and exploration business holding us in good stead for the future with or without Havieron

CONTD....

It's easy enough to keep an eye on Dev from LinkedIn and other social media platforms Spks, especially give the sector they operate in it makes sense to use them frequently.
Just follow/subscribe to their company accounts and then you'll see the posts in your feed.

https://ukinvestormagazine.co.uk/three-catalysts-that-could-move-the-greatland-gold-share-price-higher/

Nothing ground breaking but always good to get some positive press coverage :-)

Also I posted on TG earlier when we were discussing the SP that we’re not the only company in this sector that refuses to respond to positive news, one thing I keep in mind is that the entire sector is currently about as beloved as Katie Hopkins and it really does feel it's been that way since 2021.
But I really don't feel that the path to production can be ignored and if we get those macro tailwinds Willem ‘Winky’ Middelkoop was discussing in his interview yesterday (and he isn't alone in those predictions) then we should see some really strong momentum on top of the production rerate and again referring back to his interview, the 3rd Elliot wave is usually the longest up :-)

DYOR as always and not investing advice of course.

Thx Tom - as PaddyG posted earlier - let's not forget we just had another fantastic set of results and a fantastic piec Part 2 from Liam's superb interview with our very capable Managing Director :-)

• Newcrest is developing Havieron tailor made for a mid-cap’s balance sheet such as Greatland by driving into and developing that SE Crescent to access that High Grade ore and generating cash flow to reinvest back into advancing the decline all the way to the bottom of the crescent
• And as they do this, opening up access to the additional mining areas with the infrastructure ready and in place when needed and additionally to enable exploration drilling which from depth will require much shorter lengths and result in quicker reporting cycles
• Once the planned 40,000m of growth drilling is completed in the next half of this year, there will be a substantial growth drilling program put in place for FY23
• The hotly anticipated Feasibility Study is expected to take the PFS’s 2Mtpa to 3Mtpa giving a 50% increase in mining rates and again the deeper you go, the longer the cuts and the more efficient the mining methodology
• The painful transition period from a junior is nearing an end, Shaun Double ‘O Day has a multi-faceted team in place for both funding completion and all aspects of the mining business and soon we’ll be able to refocus on the growth of the ore body and path to production
• Further regional exploration is planned too with shallow RC targets this month followed by Diamond Drilling in a couple of months and economical pre-collars to accelerate everything
• An exciting 6 months ahead and is it dawning yet……. the realisation that Havieron could well become one of the largest Gold / Copper mines in Australia?
• And what’s the burning question now, what still eats away at the GGP investors’ curiosity laden hearts…. a helping of base metals nestled amongst the Eastern Breccia perhaps or that Gap zone closing up?
• Perhaps they worry that Scientology’s most famous son enacts revenge on Liam for poaching his Box Office GOAT status?!
• No……what we all REALLY want the answer to is……. when’s the next instalment with Liam and Shaun!!!

For Detailed Notes:
https://www.mediafire.com/file/suo02n6j4pptbdx/Notes_from_GGPHelp_Interview_with_Liam_-_Part_2_-_09_June_2022.pdf/file

PART 2 -: https://www.youtube.com/watch?v=TSER3ftyTcw
PART 1 -: https://www.youtube.com/watch?v=Ja7ERAlsxQg

• The sequel was worth the wait… Tom Cruise may be a Maverick… but Liam is a Master at work
• Potentially closer to the end than the beginning of the 5% option exercise with Newcrest and expectations are it might be concluded prior to the Feasibility Study which is due from Oct to Dec 2022
• The independent GGP Resource and Reserve update was actioned to aid both the funding process and the option exercise to provide a point in time update of the value of Havieron
• GGP’s update displays that the value continues to grow and increase over the passage of time…. CAGR is the name of the game with a 50% increase in resource & 50% increase in reserves in the last 10 months of drilling and with 86% of the PFS resource converted into a reserve from the included sections of the SE Crescent…. it’s just oozing world class quality
• The decline increases in pace as ground conditions improve allowing longer cuts and first production ore is currently scheduled for early 2024 from the starter SLOS mine focused on the High-Grade SE Crescent which continues to grow and now officially… at 1000m of vertical depth
• And one wonders…. is that the extent…. surely not… not with this ore body!
• Additionally, two bulk mining opportunities are forming with a block cave centred around the Eastern Breccia and another potential block cave around the Northern Breccia zone
• 1 mine, 3 mining areas, a BEAST of an ore body

CONTD.....

@Tig -or should I say our very own Cilla Black given your matchmaking abilities, Bamps has taken a sabbatical from the board :-(

Do you recall the phrase 'graduating studies' used in the past, so I am sure they'll confirm something at some point as we go along from Starter Mine to Bulk Mining studies and also in Part 1 of Liam's interview he hinted at an overland conveyor system when discussing ESG .......