Member Info for lebugue-addick

Yes, 7900 ovpm over the top 1000m as reported in MRE update RNS 21 December 2023.

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

Post by Hydrogen on the other board. Worth a read

https://www.ggpchat.co.uk/viewtopic.php?t=874

Wink emoji

MH - I think spy was alluding to Berenberg shorting, not GGP

Well it is the New Year sales - extended for another few days while stocks are cleared!

Thanks speedy - I was replying over there to chaseholm who was talking about exiting GGP this year. I set out 16 scenarios (there are many more of course!) and said how difficult it would be for him to get the timing right given the possible newsflows.

Cheers l-a

This is not a GGP specific correction - it is more widespread and the juniors get hit first

My temporary solution is to stop shorting for a 2 year trial period and evaluate and recalibrate. No one is correct but let's see the data and discuss again.

Ernest Giles for me. We have waited 5 years to start drilling and it's lit up like a Christmas tree according to Shaun!

It was Christmas Eve son,

In the Paterson.

My old man said to me:

"Won't see another win."

And then he sang a song,

The Greatland Family one!

I turned my face away

And dreamed of Havieron.

Another owner's gone,

Taken over by Newmont.

I got a feeling

This year's for me and you

So Happy Christmas!

I love you Lifers,

I can see a better time

When all our dreams come true.

We've beer in the Galah bar

And we've got Havieron Gold,

But we've got a district

That is peppered with holes.

When you first brought me here

On a warm Tuesday eve

You promised we'd get to the Tier 1 League.

What a find!

Did a selfie!

Even sceptics weren't sulky,

Shauny Day was a-playing,

We saw golden cores.

Team Greatland on fire

(Though the labs were still dire),

We had copper too in all of the assays

And we danced through the night.

The boys of the Greatland faithful choir were seeing us

Win that day

And the gang were singing out for Shauny Day!

You've no chance!

You've no gold!

A complete waste I'm told!

You're a terrible team and your boss is a meme.

Your Scally is a duster,

All blarny and bluster!

Merry Christmas indeed

As we're stuck at this SP.

The boys of the Greatland faithful choir were seeing us

Win that day

And the gang were singing out for Shauny Day!

We could've been someone

Supported anyone

Not had to base our dreams

On tenement cast-offs

But now it's Christmastime

Your dreams still match my own

We'll get some decent wins

And be one of the best-ofs!

The boys of the Greatland faithful choir were seeing us

Win that day

And the gang were singing out for Shauny Day!

Naphthman - do you have any figures behind your SP prediction. What sort of PE ratio do you anticipate for year 1 earnings?

Itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “And what did Greatland ever do for us?”

Paddy: “Gave us world class assets”.

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “What?”

Mushroom Kid: “Havieron’s resource estimate of 8.4 million ounces of gold equivalent?”

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “What?”

All Greatlanders loudly in unison: “The Gold!”.

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Oh. Yeah, yeah, they did give us that, ah, that’s true, yeah”.

Bamps: “Don’t forget the Copper!”

BottleRocket: “And the brilliant updates every 6 weeks”.

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Yeah, all right, I’ll grant you the gold, the copper and the updates - the only three things Greatland has ever done”.

sureasblazes: “And the PFS”.

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Oh, yeah, obviously the PFS. I mean the PFS goes without saying, doesn’t it? But apart from the gold, the copper, the updates and the PFS.…”

Strudel: “The Juri JV and the Rio JV”.

Benrumpson: “A brilliant partner in Newmont”.

VikingShrimper : “The nearby Telfer plant”.

Panama: “Progress on the decline”

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Yeah, yeah, all right, fair enough”.

Speedymeadie: “And the strategic presence in the Patterson”.

All Greatlanders (except Nevergone, plode, ericeric and other naysayers): “Oh, yeah! Right!”

Dip666: “Yeah! Yeah, that’s something we’d really miss if Greatland pulled out. Huh”.

Napthman: “A £450 million market cap”.

zoros: a very low AISC

TimberTrader: a brilliant 86% conversion rate to Reserves

Tiggerman: “And one of the safest jurisdictions in the world to go mining”.

Naysayers, mostly defecting: “Yeah, they certainly know how to do the business. Let’s face it; they’re the only ones who could in a place like this”.

All Greatlanders (except itsouthere, aim999, FredDobbs, unimaginative, Tinners and the few remaining naysayers): “And we look after indigenous people”.

Tom E : and we are drilling Ernest Giles which is lit up like a Christmas Tree

acechaser: And we have one of the best Boards in WA

itsouthere, aim999, FredDobbs, unimaginative, Tinners and other remaining naysayers: “All right, but apart from the gold, the copper, the updates, the PFS, the Juri JV, the Rio JV, Newmont, the Telfer plant, the decline, the strategic presence, £450 million market cap, a low AISC, the conversion rate a safe jurisdiction, looking after the indigenous people, Ernest Giles and the Greatland Board what has Greatland ever done for us?”

Door4left: “Shaun Day brought in great geologists to take us mining?”

itsouthere, aim999, FredDobbs, unimaginative, Tinners and the

Just a reminder there are only 7 trading days available before 1 January, 4 1/2 this week and 2 1/2 the following week:

Friday 22 December 2023: Christmas Holiday half day

Monday 25 December 2023: Christmas Day - Closed

Tuesday 26 December 2023: Boxing Day - Closed

Friday 29 December 2023: New Year Holiday half day

Hi Bamps - thanks for passing on the news, albeit in distressing circumstances. I am very pleased I was able to have conversations with Geoffrey at Stroud group meetings - a fine individual, softly spoken but you hang on his every word of experience. Very sad day

GB - I think you mean per pound, not per kilo

Hi Loggy - just keep your eyes on the longer term prize. First full year earnings for 2025 should be easily capable of supporting the current SP. Think of that as your safety net if all things go to plan:

3mtpa x 4 g/t (first year) x 30%/31.1 = 115,756 oz

Profit per oz say $1,000

Gives $115m or at least £90m (less a little bit of tax due to accumulated losses)

current market cap = £450m

Gives PE of just over 5

Now that looks well within reach with earnings starting just a year away (if all goes to plan)

Cheers l-a

Viking - MT vessels make the most noise in the case of aim999 and his de-ramping type.

In Greatland's case, MT equipment makes the best finds.

10 million ounces - de-ramp that aim999

Unimaginative - you are sailing very close to the wind in your post at 13.52. I would not be surprised if LSE remove it in terms of defamation rules.

@ strudel - ok thanks for the update. I know we had a big push on here to get everyone to vote last year but thanks for checking and putting me right.