Member Info for GGPThruandtru

Very nicely worded JerseyCrew.

“Before you judge a man, walk a mile in his shoes…coz then he’s a mile away and you have his shoes!”

I like Shaun Day a lot. His presentations and talks are getting better every time and he genuinely looks excited about what he’s doing at GGP.

Also, on the infill drilling discussion. It’s clear that the infill is not finished and like others have said, won’t be for a long time, as all areas will keep needing infill drilling. That’s the reason only a percentage of our original 3.6moz MRE ended up on the actual “ore reserves”.

Is it just me that liked the NPV? I mean, yeah, its relatively low but it’s for only 14mt of ore or 2.1pa. But compared to the other three PFS’, we are proportionately miles ahead of them in terms of returns per ore milled and ore used.

Let's agree to disagree but further up in that same quote I posted is this:

"The tolling principles include an agreed processing fee formula, which includes charges for capital costs incurred in upgrading the Telfer facilities, as required, to treat Havieron ore."

Further up the release Newcrest talk about the capital costs need for upgrading Telfer are included in the Capex. Then the final line of the my first post finalises it in my eyes.

".....so the Tolling Agreement is the route by which Greatland will bear the capital, operating and haulage costs involved with processing Havieron ore"

Capital included.

Think we've kept this going long enough tonight. Let's let Sandeep do the talking now. And Shaun tomorrow!

I quote it again...

".....so the Tolling Agreement is the route by which Greatland will bear the capital, operating and haulage costs involved with processing Havieron ore"

I understand as we will pay all costs related to Havieron through the tolling fee, which is what one company pays another when they use their facilities to process the ore - so using Telfer to process our 25-30%, means we need to pay Newcrest something.

i understood from that statement that our costs for the Havieron project will be paid for by the gold when it comes out. So we don't need to come up with any funds for Havieron. We'll be paying an extra little sum with each oz of gold processed. Sounds good to me...

Page 8 of the PFS

"The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to the
outcome of the Feasibility Study and a positive decision to mine, the Havieron mineralised material will be processed
at Telfer pursuant to a Tolling Agreement. The tolling principles include an agreed processing fee formula, which
includes charges for capital costs incurred in upgrading the Telfer facilities, as required, to treat Havieron ore in the
tolling process. The Telfer infrastructure is not included in the scope of the Joint Venture assets, so the Tolling
Agreement is the route by which Greatland will bear the capital, operating and haulage costs involved with processing
Havieron ore"

Guess that's everything paid for too then ;-)

Page 8 in the first Newcrest release is interesting guys. The one covering all the releases. Go check the comparisons with the other 3 mines. I'm pretty happy with most of those stats.

NO!! Never sell the lot. You don’t give up a company maker…

I k I’d of agree with TomE here. This subject has been flogged to death, especially the timeline part.

At the end of the day, all contracts between two parties can at any time be altered upon agreement in any way they both agree. Hence, the changes when Newcrest wanted to be able to speed up the path to production. This thing is going so fast, I have no doubt the contract will change again over time.

But, how’s this for an option…we give Newcrest the 5% and maybe an extra 5% for a small up front lump sum (to keep us ticking over till production revenue) and also for zero costs from our side for our remaining 20%? :-)

Obviously they’d have to work out the exact percentages, but I’d be very happy keeping 15-20% of profits for zero costs going forward ;-)

T&T

Found this very interesting for anyone curious about all the numbers and projections of taking a large find to production. From DeGrey, the other big Oz resource find of 2020.

https://hotcopper.com.au/threads/ann-mallina-gold-project-scoping-study-investor-presentation.6329627/

With regards to funding, in the last interview Teeling did he said we were fully funded for Mine River and Inishowen, but if you listen to it, I think he slips in that we would need to get funding for Stonepark. But with Ark’s mcap and SOI, it doesn’t bother me one bit. Stonepark will eventually be a nice payoff worth way more than the raise.

Hits from Rincon (RCR) too in the Paterson...

https://hotcopper.com.au/threads/ann-south-telfer-exploration-update.6329651/?post_id=56562167

Apologies for the double negative guys :-0

Also, I stand by comment of no roads needed. There’s so much gold there, Newcrest will eventually decide to dig the route underground, all the way from Telfer to Havieron, just picking up the gold on the way. One massive underground mine.

IMO of course ;-)

Roads Valedski? Where we’re going we don’t need no roads…

Think you've misunderstood my post Value Seeker. I was merely joking with your words as your message said:

"Callum, if you're reading this, I and my family owe you a loft" ;-)

Wishing you and yours all the best :-)

Hope it’s a nice loft Value…with a jacuzzi and everything - very nice of you to offer that to him (thumbs up emoji)

https://www.asx.com.au/asxpdf/20210920/pdf/450n8dxm18cyzp.pdf

Rincon Resources

https://www.marketscreener.com/quote/stock/PROVINCE-RESOURCES-LTD-47321178/news/ScandiVanadium-Limited-Provides-an-Update-on-the-Pascalle-Project-Helicopter-Electro-Magnetic-Survey-33683606/

Melbourne beat me to it. Province Resources used to be SVD.AX they gave up on the project at their Pascalle area and went into Hydrogen shortly after, which then led to the rise in their share price. It tanked after the Pascalle results came out. They didn't even bother to drill if i remember rightly. Hoping there will be other areas of interest in the other licenses, but I wouldn't be surprised if this area between Hav and Telfer is purely strategic positioning.

I think the issue here is some people are thinking of GGP an an explorer still even after the Havieron find. Big companies that produce don’t dilute in the same way small explorers do. They have reserves and future cash flow which is what is used for funding the small/basic/day to day stuff.

Even if a large amount of cash is needed for something, then generally it will again be raised using other methods rather than the usual placings which small companies use. Becoming a producer is a whole new ball game to being a minnow explorer.

I also have a small issue with people saying the mcap will be harder to raise due to be already so high. In my experience, the higher the mcap a company is also means lots more cash flow (eventually) to grow the company. I know a good assay can make a small company fly and that fair enough (that’s the start) - but after that the more cash you have to invest in the business, generally means higher profits. 50% profit of a 2m investment is 1m but 50% profit say from a 200m investment is 100m.

The more reserves and cash flow you have the quicker you can grow the company organically. Can’t wait to see what Shaun Day does with like half a billion. That’ll be his judgement moment.