Member Info for lebugue-addick

That is actually a great question Jacko as many PIs will just expect a communication from their broker. As you can see with HL, they do not contact contact you direct so you have to do the spade work yourself.

Do not let lethargy prevent you from exercising your right to vote, or say it's just too difficult. You have a right. Exercise that right.

A further reminder that if you have not yet voted there are some instructions below on what to do.

It is absolutely critical that you use your vote no matter how many shares you have. They all count. It is vital that PIs make a show of strength in using votes wisely.

Be under no illusion - if Resolutions 1 & 2 fail then the SP will dive.

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Just a reminder that Liam has been collating instructions on how to vote for various platforms in the link below.
Whichever way you are voting it is so important you have your say as shareholders.
There are cut off dates for voting which may be different across the platforms so I would log in and check ASAP.

https://www.ggpchat.co.uk/viewforum.php?f=103

Apparently there was also a pre-recorded webinar that LSE are releasing where Shaun answers questions that were collated by LSE, so that should assist for those unable to attend :-)

Also a good thread here started by Nitram where we can collate feedback from the event last night in one place for those who post there :-)

https://www.ggpchat.co.uk/viewtopic.php?t=551

The world economy................................................just maybe

Just back from a couple of weeks away. Who was the idiot that started this thread? Cannot believe what I read on this board sometimes. It's become as sleazy as some social media platforms. Best ignored imo.

Hi speedy - quite agree. Champagne for our real friends, real pain for our sham friends as the song used to go.

Part of "Telfer province" indeed SB. Bloody cheek.

Man up and give Greatland the credit for the Havieron discovery and don't relegate it to a footnote. Hope questions pile in on this.

Oilgreg - we are all waiting for an apology re the 17m GDXJ rebalanced. Foot tapping emoji.

$1.7m, so that's around £1.5m or a cool buy of some 17m shares. That should round off the week nicely thank you very much.

Mongoose. You will need to share your valuation calculation before i can place any credence to what you are saying

So you agree your revenue calculations are wrong then?

I was fundamentally disagreeing with your revenue calculations not the rest of the spreadsheet calculations.

Though I did note you didn't say where your AISC comes from. It is in no published document.

As you know Bamps has moved on a stage since the old data in MRE was prepared. Nice try at trying to drive a wedge between us though.

PasB. Your post at 7.51pm yesterday talks about revenues of $3.07bn by 2032. That's what I was commenting on.

They are clearly wrong. The revenues year by year would be as follows if just the data in the 3 March MRE are used.

At $1800 an ounce:

2024 part year - $153m
2025 - $443m
2026 - $521m
2027 - $500m
2028 - $459m
Total $2,076m

It is clear to see that by 2032 the revenues will be a lot higher than your quoted $3bn.

Schlemiel. If you take a look at the March MRE and calculate the revenues just for the first 4 full years according to the annual ore quantities provided by Greatland you will see PasB has materially understated the expected revenues.

I deliberately only focused on the first 4 years revenues as anything further away than that starts to get a little less predictable. It is clear to me having spent hours doing the year by year calculations on the 2.9m oz starter mine that PasB is trying to mislead.

Now he talks about 1.9m oz. Jeez where does he get that from. That is plainly wrong. Please do not get taken in by his calculations. I put some on ggpchat a couple of months ago. That should help pacify you.

As a follow up, Greatland forecast in the October 2021 RNS a payback period of 3 years. Newcrest was 4 years based on an AISC of $743/oz compared to Greatland's $643/oz.

PasB. The first 4 full years revenues using $1600/oz are $1846m from 2024 to 2028 using the 3Mtpa mining plan including the copper which you have not calculated.

If you use $1800/oz the first 4 full year revenues are $2076m.

Your calcularion of $3bn for the whole period 2024 to 2032 looks spurious to me ie wrong. You really must include the copper. Greatland gave us a formula to include the copper and gold so you really need to use it.

Also don't forget the 3 March MRE update was for a mining plan of 2.9 M oz gold equivalent which was the Reserve figure at that date based on drilling cut off date November 2021.

Every reason to think that more ounces will be brought into the FS which is now supported by the drilling updates.

PasB. You are missing something but can't quite put my finger on it. Oh yes I remember - besides the obvious you must have done your sums based on Newcrest's POG assumption of $1400/oz and an AISC plucked from thin air of more than $1000/oz.

Oilgreg. Evidence or risk being reported. Not bothered either way by your ridiculous assertion

The market always looks forward. Yeah right. I think that should read " the market looks forward when it wants to, with the exception of AIM, which pretty much gets shaken around like a rg doll".

Look at the first 4 years of revenues associated with the RNS of 3 March on the 3Mtpa option

Thanks Dip666 and greetings from LeBugue having just arrived and catching up with all the very welcome news. I shall have a read when settled in.

Cheers l-a

Sprott: "The decline has now hit 685m of development, setting a new record at 4.8m/day since July".