Member Info for howezap

Totally agree with you Bob, some house keeping before the push forward. Share options awarded to senior employees, directors, consultants and company employees are not uncommon in natural resources.

For a holder that’s hoping just to claw back their average to either rebalance or sell up then you do have a point Ntm. But investors that are aligned with the company strategy and are holding for potential bigger gains through M&A’s down the line then these options will not make any difference to dilution as are for a similar amount. Just a reigned in strike price.

1 BR drill hole hit over 8p, now, with fully funded reconnaissance and exploration rounds along with sustained and positive news flow from those multiple assets and without the BR dilution this time with its resulting negative effect on share price m, who is to say that 10p is not possible? I think it’s a reasonable target this time round.

These new share options I believe are just a replacement of the previously issued options to directors and employees on RNS 24/02/21 that expire in ‘26 that have a strike price of 10p.

Although these new options are not as incentivised, issued at a reduced 35% premium, the existing options are at a 61% premium of the 6.2p share price at that time.

So the ‘previous’ options are either going to lapse before the 10p strike price is reached, or if the share price does reach 10p before Feb ‘26 then I’m sure most investors would not really mind the extra bit of dilution with both ‘21 and todays new awards all being exercised.

Anyone invested from ‘21 will have based their investment case on approximately 2 billion shares being in circulation after all options, being exercised at the time or leading up to any potential corporate action surrounding Bushranger. So these new options are hardly a real surprise and will not be any more dilutive in the long term if previous ones do lapse.

An added positive, is that along with that previous issuance, the company was full swing into the BR marketing drive. So could we now expect a fresh PR drive will accompany the new option awards?

What to make of this posted (forwarded from Bottle Rocket- Liam) this afternoon on Archers TG group. Not been uploaded on GGPChat either.

A ‘James’ put it up quoting:

Would like to get people’s opinion on this, from a so called self proclaimed “community lead” and someone who Shaun holds interviews with through the Aim on Air vehicle. Career suicide or fair point?

https://share.icloud.com/photos/01eeMcZ8_GvA4_oYTY6KsfxEg

Could see GGP surpass those gains and sustain them due to how progressive the company are moving forward

>>….If I remember rightly Amaroq Mining who I don't think are producing anything got moved to the Icelandic Main Market index and their share price went from mid 40s to a high of 120 in just over a year. Could this be the same when we move to the ASX?

No you don’t remember rightly, AMRQ joined the Icelandic exchange in Dec ‘23 and have been in first year production commissioning phase with first gold pour in Nov ‘24 which has been the recent driver in their share price. So is a rather misleading projection comparison due to both companies being at different stages in their evolution as producing mining companies at the time of their cross listing and proposed cross listing.

Utterly mind blowing is the scale and size of a tier one mining operation. The top picture in the Bamps link shows the loader in the foreground on the haul road, but if you look to right on top of dam wall is a 30t 360 excavator for comparison for anyone that’s ever stood next to one will understand just what I mean.

“You lot seem to want your cake and eat it with talk of funding Havieron from FCF. Yes they are earning far more than forecast but workstream and wants are increasing too.” -Bamps

Another consideration are the typical drilling costs that are not considered or appreciated by most. Increased cash flow has allowed a ramp up in exploration and resource drilling to deploy further drill rigs to accelerate growth on top of what Bamps has rightly stated. Typical costs for diamond core for instance ‘per metre,’ range from A$100 - A$300 depending on core size and environment. which doesn’t include the geo team analysis, assays, modelling environmental reinstatement etc, just drilling. So they are looking at average of over £100,000 or A$200,000+ for just one deep hole.

Newmont had at one point I can recall, having 9 drill rigs operational just on Havieron. So it is understandable that even more rigs will be further deployed at Telfer, particularly as WDD can be better accessed underground and with an ever increasing resource elsewhere. It is necessary to drill these out like a pin cushion to be confident of bringing them into a robust mine plan. It doesn’t come cheap.

The AISC will typically only carry the directly associated mining costs such as the grade control driling and some exploration toward sustaining mining.

Hi MH01 was not implying the fast tracking of Hav development as means to accelerate growth. It will be through strategic both regional and localised exploration, resource expansion and upgrading to convert to ore reserves along with infrastructure.

Fully agree regarding the DFS and timing

Guy

I think with Shaun stating they are accelerating growth, essentially while the gold price is in their favour, does point more toward intent to which they will draw down on the debt facilities available to fund Havieron development.

Using it will leverage its capital reserves to see greater ROI overall. The debt facility would probably be structured specifically to align repayments with future cash flow from Hav once its operational and with interest payments on the loans being tax deductible, would reduce borrowing costs anyway.

Certainly by using all their own cash is going to limit that potential for accelerated growth, slowing it down compared to leveraging it.

But I suppose a balanced approach could be sensible allowing for growth and also helping to manage risk.

Just read back your @19.15 again bamps and do agree of course. Misunderstood before under the influence a tad.

Thank you Bamps I’m sure you are right regarding the current flowsheet design in that is as much as can be recovered from virgin rock. Where would that leave the potential to reprocess TSF7 and what additional infrastructure would need to be considered to take advantage of more modern methods of extracting more of what was left behind in tailings and foreseeable higher gold price for quicker CapEx payback and then be sustainable through any ongoing price fluctuations.

Economic viability will likely only come through economy of scale with addition of a new dedicated circuit for purpose perhaps?

Hi Hydro cheers

That is a huge amount of material. If any kind of combining operation is to exist with back fill of Havieron stopes utilising the tailings and storage from Telfer, another aspect of CPF is that it is scalable, which will have a positive effect on not only the economics but the engineering practicalities with a large scale scavenger operation and the optionality it brings to the mine plan with those higher processing volumes achievable to combine Telfer and Havieron.

Some scavenger tech is not scalable.

However, the environmental impact of the scavenging process itself whatever is used eg, water usage, extra energy consumption, and potential emissions will need to be carefully evaluated.

The reprocessing of tailings will probably require additional storage solutions or mods to existing facilities, which can have environmental implications too.

One of the biggest challenges has always been the environmental impact so if reprocessing tailings can improve on the overall resource utilization by combining with Havieron, it will help mitigate against those usual trade offs and be good for ESG

Would agree could be likely are already into amenability test work trials.

Guy

Co .. a r s e particle flotation.

great topic for discussion, thanks for the synopsis on telfer tailings. it’s a real no brainier, having those esg advantages for using as havieron paste fill with potential of keeping to the plants current footprint size and the low risk burden involved with relative little cash cost required as the hard bit has already been done in getting it to surface so is not going to be a heavy capital front end loaded operation to recover copper and gold that previously had been deemed to have no worth!!!

agree bamps regarding jubilee not doing gold tailings or ore dumps. so am hopeful that co**** particle flotation can be a suitable scavenger tech for reprocessing the tailings from telfer. i understand that as long as the mineralogy and particle size distribution in the tailings is favourable then cpf can be very advantageous. its use in tailings applications is now prominent in the industry, it is also being looked at as an alternative pre concentration method for bulk run of mine material.

in early trials the effectiveness of cpf has been shown to recover between 92% and 98% of the mineralisation into 6% of the mass “as a pre concentration step” on low grades. however, cpf in a gangue rejection application is still in its infancy and only demonstration scale plants are currently being tested in copper operations in chile.

but for its low cost and recovery effectiveness as a tailings scavenger tech it is far better known and understood.

any thoughts?

Showing some recognition for their contribution and reflects the quality in their general posting, with currently having 6 out of the top ten recommended users on their leader board that regularly post on GGP board.

Very well done to those members, and the many others that regularly give commentary and share their research making the GGP board a quality source of information for all walks of life.

JungleVIP. 875.75


Bamps21. 836.83


Element1. 800.07


MH01. 778.44


Multiplier7. 763.31


Icecool. 741.69


Fonzi99. 726.55


schlemiel. 715.74


TimberTrader. 713.57


B_Positive. 709.25

Historic records dating back to 1978 suggests copper and silver were historically mined, no mention of gold. Don’t see any value now being created from any remaining silver credits. Don’t appear to be targeting it now.

On the bright side, the Aussies now have over 10 million reasons to buy into Greatland on ASX listing

“If today's RNS with it's 2 year outlook isn't enough for the Aussies to get the hunger of GGP I don't know what is..”

The oz hold their mining executives in such a high regard over there, famous in their own right, much the same as the big tech executives are in the States. Shaun has a proven track record, the backing of a giant banking syndicate in Wyloo and a board of the finest mining pedigree.

They will be all over Greatland on ASX listing regardless.

😆 very much enjoy reading your reserved views in your unique writing style CP, not gibbon.