Member Info for lebugue-addick

Hi Rotherby - agreed, the prospects are very good for Greatland for the foreseeable future with Havieron coming on stream in just a couple of years.

Regarding Bamps - all I can say is that LSE's loss is WhatsApp group's gain. And what a gain - some incredible research which I try to keep up with understanding and evaluate.

Happy Christmas to all LTHs

Just for good order, the trailing PE ratio is 12.

Earnings per share were 63 cents in the 30 June accounts and current share price is 755 cents.

Hi MH01 - just for good order, the Telfer MRE update is March quarter ie it could land in February, with Reserves update in June quarter.

TT - very astute post. Remember, at a current gold price of AUD6,000/oz and a FY Q1 AISC of AUD2,155 the profit margin is still a very healthy AUD3,845/oz.

Just a couple of weeks ago the gold price was around AUD6,500 and were expecting the AISC to be around AUD2,600, giving a profit margin of AUD3,900/oz.

It's best not to get too carried away with current price reactions - much better to trust the judgement of the company when they strongly indicate Telfer mine life extensions and Havieron feasibility study are coming in short order.

Changing the heading for heaven's sake - less than a month to first full year financials with EBITDA of c. £220-230m expected. The fall has been well overdone on just a 10% change in production forecasts.

GGP won't be interested in WSBN. They have enough ore of their own to put through Telfer and are investing a lot of money in 2025-26 to expand Telfer even further before Havieron comes on stream in FY28.

Hi johnb - WDU going to be good then?

That 4th jumbo now installed?

Good to hear from you.

Not forgetting HAD117W6!

TT - Thanks for all your posts - a bright spot in an otherwise dull board, save a few exceptions and they know who they are. Hope to see you back at some stage or perhaps on another forum as I have done.

For anyone fretting or doubting their investment take another look at the RNS's of 14 and 15 April.

Shaun has served up the key ingredients for 2024-25 and 2025-26. Mouth-watering.

For the year just ended (in effect just 7 months of Telfer production) he has told us 196,000 -210,000 ounces of gold will be produced. The average gold price for the period is around AUD4,800. With a mid value AISC of AUD2,175/oz according to Shaun that leaves some AUD2,600 profit for each ounce from the gold production. Or some AUD520m for the 7 months.

Figures Shaun has told us for 2025-26 are even better. Guidance is 300,000-340,000oz with a mid value AISC of AUD2,500. With a strong copper price currently that figure could be improved upon. Hoping gold stays around AUD4,900-5,000/oz.

Then at the end of July we will get the confirmed June quarterly results where the gold price averaged AUD5,130. A strong quarter followed by 4 more good quarterlies is the expectation.

On top of that we can look forward to the 2 year outlook figures, already given, to be firmed up in another Reserves MRE.

The signposts look very promising.

With Greatland advising the market that gold production for 2025-26 will be 300,000 oz (low), 320,000 (mid) and 340,000 oz (high) and a gold price above AUD5,000 an oz that comes to annual revenue of AUD 1,600m at the mid point. The AISC Shaun tells us will be AUD2,500 an oz at the mid point. So forecast profit before tax etc is AUD800m or just around the £400m mark. Personally I find these numbers extraordinary and can't wait for those 7 areas of Telfer extensions to drip feed on to the market over the coming years. Confident, yes, but not over-confident.

We are sitting on a cash balance at 31 March 2025 of A$398m or some 1.5p per share. At the current SP of 13.5p that leaves the rest of the business valued at just 12p per share. A full year's profits of 1p per share indicates £130m needed for a PE of 12. Probably smash that in a 6 or 7 month period. I sense a disconnect.

Red trader- the usual way of calculating earnings per share is after deducting tax, known as Basic eps.

There are other methods of course like normalised and diluted eps.

Spud - "i suspect each is in the employ of greatland". Fantasy land I can assure you.

I can also tell you have never been to a regional get together and seen him in the flesh. He will have a good laugh at your expense, I am sure.

The 4 people who recommended Southern Comfort's post @ 10.53 should really take a good hard look at themselves. If you want to know even more about the company you're supposedly invested in (otherwise why are you here?) you should try and attend investor meetings. There are several of them covering a good deal of the country. Don't be ignorant.

Bamps @18.12 - well said. It is becoming clear that Telfer extensions, identified last December as a key risk, are now virtually in the bag. Today's corporate presentation slides identify 8 areas where extension possibilities exist. Shaun Day is not known for over-selling and under-delivering. In fact exactly the opposite.

West Dome Underground in particular is being advanced quickly and why not - he has announced spectacular drilling outcomes recently:

Exceptional results included:

‒ 14.3m @ 9.06 g/t Au and 8.57% Cu (19.34 g/t AuEq) from 290.4m

‒ 59.0m @ 2.83 g/t Au & 0.71% Cu (3.68 g/t AuEq) from 259.0m

The key point is that, as you alluded to last night at the Stroud meeting, we could get 8 years or more life out of Telfer as a result of yesterday's MRE update, even without these West Dome Underground results.

All of this will pay for Havieron development - Ore production H2 2026, First gold H2 2027 according to today's corporate presentation.

Looks to me like we have our cake with icing and a great big cherry on top. Very exciting times.

Ace - well Shaun is contributing in a significant was to the economy of WA!

Darloman23 - you may not have been around 3 or 4 years ago when I did a posting sketch called Life of Greatland, which started off: "What has Greatland ever done for us?"

It's probably about time it was brought out from the cobwebs in the archived cupboard, updated and given another airing.

A lot of the characters (naysayers) have since departed of course but there are still a few newbies around to make fun of.

But that is for another day - today is for enjoyment and ignoring the noise.

Have a good day all - looking forward to the Stroud buzz tonight. Perfectly timed Bamps. It's as if Shaun knew exactly when to launch another transformational RNS!

Great work as ever MF11 - thanks for your continued efforts. Let's hope we get some closure on this soon.

Ricardo2019 - in terms of the Havieron deposit you might care to look at the RNS from 21 December 2023, which was the last time the Havieron MRE was updated.

The Indicated category was for 50Mt - Gold was 4.1m oz and Copper accounted for 168kt (or 0.9m oz equivalent) giving a total of 5.0m oz gold equivalent.

So, the latest estimate we have is that copper accounts for about 18% of the total resource equivalent.

https://www.lse.co.uk/rns/GGP/havieron-mineral-resource-estimate-update-9u10fbpvuaq3dyp.html