Member Info for HaveTelfer

Hi Zoro’s

Echoing the point on the timeline I have a printed copy on my pinboard.

The only thing missing from the chart is the dates on which the SP achieves £1.44 and £13.65 .

Can you please add 😎.

And Scallywag results the day after with 50m @ 20g/t….. from 100m open @ depth

Sorry in my view he can’t confirm it under Stock Exchange regulations.

However unlikely consider for example that there may be a route to taking 12mt per annum out of Havieron at 4g/t from early 2027 that is in the draft FS to be published per time line after the ASX listing.

Alternative 2 they have hit at another site with shallow cover that can feed Telfer from early 2027 with a capex outlay.

I know these are crazy examples, but it’s why he can’t cast iron guarantee there is no raise

Wait for March 25 and see the Telfer update

Followed by GDX @ 30m a day ……. For 20 trading days

The request is

“Continued operation of Evaporation Ponds 1-3.

Construction and operation of Evaporation Ponds 4-6 for hypersaline water with a maximum operating volume of 477,130m^3”

Sorry can’t get to cut n paste on the iPhone, I’m old skool

EPA not EPS

Bamps

You’re missing my point. I’m not commenting on purchase conditions……

There is no authority to create the larger evaporation ponds at present is all I’m saying. It’s in the EPS documentation not the sales process

All the best

Vents stupid autocorrect!

At present GGP can’t build the ponds although subject to the final rubber stamp they can.

I’m aware of the Verne’s being first, but permits are still required

All the best with your presentation next week

Hi Bamps

I don’t think it’s a sale condition, but I’m talking about the EPA proposal approval document.

Page 3 of 9 shows the approval requirement increases in proposal 2 (next few weeks) from proposal 1 (already approved).

The acceleration can’t occur until the EPA approval is received.

Buried in the detail is the approval for the expansion of the evaporation ponds. This is needed for finalisation of the process to drain / contain the impact of the LCA.

There is 3 week public consultation period ongoing at present. Hopefully quickly after the 3 weeks are up the approval is granted GGP can dig the holes, then put the plastic liners down which have sat there for months awaiting approval.

Rome wasn’t built in a day

I want to see this DFS in June/Sept…. With an extra outtake decline , railvayor or shaft. Just drop a 700k oz a year boom boom boom . Now do the math with a Speedy ramp 😎😎😎😎

Broady

I apologise as I took it as a subtle deramp.

I unfiltered after Ace’s post

Broady bin…..

Have you looked at the BOD and mgt team.

Bye

Or god (SD) should stop mixing his preferred £1 party drinks.

Even with 3x dilution it’s still a possibility .

Feck the FuDSTERS

Ops n gold will be what price….

PIAV

No way

By then he will have had many millions of share options as a reward for delivering on the plan, none of which I would be grudge him.

By then he’ll be very rich the same as all LTH.

Think he’ll have birth next to Callum in the marina enjoying life and watching his successor paying him mega dividends as he sups his champagne with Diet Coke as the sun goes down

Hi Nitram

Can you advise on any potential increase required in the first week of November?

Thanks

All good stuff Bumps. I’m on the same page and agree with most of your post.

I think the blow the doors off is in terms of showing the market doesn’t understand this company. The current potential is circa 400k oz at Hav n Telfer combined per annum. I’m sure there’s potential to get to 600k. Now that would be showing this senior team had a great long term vision and blowing the doors off.

Sorry missed to $100m deferred on Havieron production.

At circa 2.8m pa with a grade of 3 or even higher that easily produces 250k is a year.

So a $50m annual payment equals a $200 increase in the price of gold over an $1,850 base Given it’s only a 50% upside that needs a $400 increase so gold has to be sold at $2,250.

Given spot is already $2,700+ and it’s 2 years until Hav start delivering that why I said the $100m is easily achieved

Hi Bamps

I appreciate your reply and hear everything you’re saying about quality v quantity and it’s makes perfect sense. I’m looking at this from a view of how does SD blow the doors off from a strategic view point.

If we go back to when Newcrest were playing silly games on the 5% the company responded with its own MRE, plus the counter offer on purchasing 5% off them. So the company was already steps ahead in the chess game and it worked perfectly.

We’re now 2 years further on and there must have been many iterations of the DFS run by Newcrest and GGP during that time. Newmont may or may not have done some work on this since, but why push it when they were looking to divest since late 2023. We’re now going to sit and wait another 9-12 months until it’s published in Q3 2025. My question is why?

I appreciate that the team will be working on the MRE for the expanded Telfer, but it’s also an expanded team now including the existing staff at Telfer so maybe that’s spreading the existing senior resource at GGP a lot thinner.

The new business model with Telfer providing the pathway to fully funded opens up now possibilities. I’m just questioning why the DFS sits there for 12 more months to fine tune a 3mtpa maximum mine.

As you say many updates to come, but the cost refinement and shipping to Telfer will maybe reduce the AISC, but it’s already lowest quartile in Australia.

The re routing through the LCA is probably already completed as was pointed out 6 months ago and we’re now 12 months into care and maintenance. And yes the vents are on the critical path not decline. So maybe this is included in the updated DFS already.

So what is the strategic reason behind waiting 12 months to publish? I’m understand none of us know the answer, but I’m just wondering why. It’s not just for adding a few million to the NPV surely