Member Info for lebugue-addick

ID.IOT @16.45

I see you don't let ignorance get in the way of cluttering up the BB.

Hi Dip - our messages crossed! Still, does no harm to emphasise the positive!

Redtrader - fear not SD says we are now actually ahead of plan:

"And that's picked up on these next slides if we if we walk forward and this slide really just talks about it's important to understand that this is under development so we started that box Cut in February 2021 so we're over... when we expect to be at first ore in March 2024, so we're in advance of halfway, accelerates all the time, another quarterly record of advancement, with depth here we get into more and more competent ground getting through the Permian structure and then ultimately into a very competent country rock.

But it just continues to accelerate and if anything, right now we're starting to feel we could be guiding towards early... getting... finishing the decline early although that's still subject to a couple more months of great progress but everything we're seeing right now is very strong."

From SD 25 Jan:

" Decline now stands at over 1500 meters of decline advancement (stockpile development and passing bays) and in terms of change that is actual decline development it is probably closer to about 1300 meters".

https://www.ggpchat.co.uk/viewtopic.php?t=652

aim999 - that's because they haven't updated the MRE, FS and mining plan which are now embarrassingly well overdue. Just semantics as you well know. I will stick to what Shaun Day just said - it's his asset and his mining licence so knows it just as well, if not better, than Newcrest management who only devote sparing management time to it given the pickle they are in.

aim999 - you're funny. The drilling data cut off at November 2021, 15 months ago, and that is why officially Havieron is currently classified as Tier 2. However we now know from Shaun Day's presentation at the Bell Potter conference that this a 15-20 year asset. That will make it a Tier 1.

Extracts of what he said are below:

"But it's nice to have that high grade elements that gives us an alternative way to solve the puzzle and it just gives us a really nice optimization strategy to run there but you know that's 15 to 20 years down the track for this multi-decade asset."

"But if we move across to the first slide after the disclaimer, we have the just an orientation around our strategy and there's really three pillars to our strategy which is deliver on an expanded Havieron, we continue to do that and the expectation is that will be moved from two million tons per annum in the pre-feasibility study to three million tons per annum which will take it to around a 400 or 450 000 ounce per annum asset."

Your negativity is duly noted.

Redrunner - you are making yourself look very ignorant. If you are able to analyse in depth why this share is so bad I am sure the BB would love to hear it.

Bamps - quite agree. And of course the Australian market understands junior miners far better than the London AIM market. The Australian mining industry accounts for around 15% of Australia's GDP and is a major contributor to the overall wealth of the country through other support services.

London of course is a good source of capital and that will continue to be the case when GGP gets an ASX dual listing.

MrEMC2 - there is always a time lapse between share dilution and asset appreciation. This is what SD has been doing these last 2 years; building a world class asset as well as a top class team. While the uncertainties remain (FS, DTM, NM offer for NCM, Telfer future etc) SH will get nervous understandably and what tends to happen is that some PIs will move on to be replaced by a greater number of institutional investors. This has been seen time and time again. Keep the faith imo but good luck with whatever you decide..

On the one hand there is PRICE (today's SP gives a market cap of some £430m). By comparison we had the same market cap on 1 July 2020 when there were 3.76bn shares in issue and a SP of 12p.

On the other hand there is VALUE, or more accurately POTENTIAL VALUE and our 30% share of a 20m oz discovery as some have called it (SD for instance).

Some folk seem not to be able to distinguish between the two. The short term traders have got bored already and moved on to get their 5% elsewhere by the look of it.

Bump

https://bellpotter.com.au/wp-content/uploads/2023/01/Unearthed-Schedule-and-Booklet-2023.pdf

Today 5.30 aus time

Hi mushy - that indeed is one realistic scenario. The lengths some companies will go to for getting an MRE update eh?!

Not the one we were expecting

Tildo - "Personally, the only thing that matters is if NCM get bought what changes this may mean for a GGP buyout or accelerate progress on the mining side."

Very tricky one that - the 70% of Havieron which Newcrest have cannot automatically be transferred to another buyer as I understand it, at least not without Newcrest offering the stake to GGP first. Lots of legal stuff here for the parties to get their heads around.

This is a good opportunity for Shaun to issue an updated MRE to ramp up the value of Havieron.

It is worth pointing out that if Newcrest decide not to mine Havieron then Greatland have the first option to buy out Newcrest's 70% stake.

Chippy. Fairly sure these are new results. In Newcrest's December exploration report they refer to no significant results in their September quarterly exploration report.

MH01 - It's worth remembering that even the revenues in 2025, the first full year of gold/copper sales, using the parameters in the way out of date RNS of 3 March 2022 will generate income of £100m to Greatland (before costs) and EBITDA of some £60m (eps of c. 1p). Of course we have moved on apace since then but today's share price is extremely well supported by underlying financial fundamentals imo.

Ben. All still on target so chill for a while