Member Info for MF11

@Jambo813 - Perhaps a little perspective is needed, so you are not all doom and gloom. I posted this on the other sites yesterday .....

To put the NCM 5% decision into a little perspective.

Over the next 5-10 Years Havieron will contribute less than 10% of NCM's average annual gold production.

If they took up the 5% for $60M, it would have added less than 1% to their average annual gold production.

Although we saw them taking up this option as a no brainer (and it would have given them significant returns over the lifetime of the mine), NCM can easily justify not spending the $60M for such a small increase in their annual gold production.

Havieron is a god send to NCM, and the saviour of Telfer, but in the scheme of things the 5% is miniscule to them, but an additional 20% to us.

Perhaps all in all the decision was best for both parties.

Little change - up to 18p

https://sprott.com/media/5604/220819-ggp-scp-mre.pdf

@rosso123 - I think you might have left a 0 off of the end and should have typed $5000m (or $5b)

No way would anybody in their right mind even consider $500m for our share of Hav.

@Zoros - So you follow condescending diatribe, with an apology for it, then follow that up with more condescending diatribe, and continue with the holier than thou attitude. Congratulations!

You have obviously have not believed the short topic to be an issue from the start, and therefore, done absolutely no analysis of it. Yet you are prepared to dismiss it blindly.

The principal short started on September 16th 2020, 2 years not 3 years ago. From the initial position the short has increased 4 fold to over 88 million now, in that time the share price has decreased by more than 50%. Additionally, if you had done any analysis you would realise that 30-40% of all shares transacted in 2022 are related to the shorts. Without these the low volume this year would have been a trickle. No one is selling any volume (apart from you know who), and the SP has continued to decline.

Some may ask why September 2020, well that was when we were first added to the GDXJ, and the price spiked, additionally PI's continued to jump in on the continuous SP rise and the Scallywag hype, and GGP hit its all time high of 38p. Yes the price had probably got ahead of itself, and possibly good reason for shorts to be opened. However, the SP has now retraced to pre GDXJ days, when the market cap was just under $600M (mentioned by MrEMC2 in relation to the 2020 AGM), so why do they continue to increase the number on loan. Especially when everybody knows we have had 2 MRE's, confirmation of an ever growing ore body (via numerous fantastic drill results), and the possibility of GGP finding another elephant. It does not add up, which I could also say about your determination that 11-12p is currently fair value.

The share price is being supressed for some reason, it would be good to know why, and perhaps we will find out on day. In the meantime I guess we will have simply wait for Newcrests next resource release, and all of the other fantastic news coming out of the company.

All at a supposed fair value of 11-12p!

N.B. Ortex has spent thousands upon thousands of pounds updating security on their application, in order to prevent us from downloading and analysing data related to the shorts. This might not be solely down to issues raised related to GGP, but I do find it some what of a coincidence.

@Sanibel - Trouble is the market is playing "craps" at the moment.

Very ugly!

@Archways - No problem, it was great to see you at the last LSE investor presentation.

You're a mere youngster compared to Archways.

Please see related thread on GGPChat

https://www.ggpchat.co.uk/viewtopic.php?t=164

https://mcusercontent.com/110d0aa5f5d9bf9478796664e/files/50516cf0-1397-ef49-45a9-bdc7d431f319/GGP_12_20220721_Update.pdf?utm_source=H%26P+Master+Contact+List+%28Sements+and+Tags%29&utm_campaign=85a11be714-EMAIL_CAMPAIGN_2019_05_20_02_05_COPY_02&utm_medium=email&utm_term=0_dd4f91613c-85a11be714-369656867

@Mumbo_Jumbo - "4x4. There is no ambiguity now."

Exactly, we will be fully financed for our 25% share of 20Moz at a margin in excess of $1000 per Oz.

Absolutely fantastic.

Eventbrite organise events on behalf of LSE.

It is in relation to the meeting advertised in the banner above.

Despite all the bickering and doom mongering, there is so much going on in the background. The creation of the "mine" is progressing at great speed.

https://www.der.wa.gov.au/our-work/licences-and-works-approvals/lwa-applications/item/16861-w6691-2022-1

https://www.der.wa.gov.au/our-work/licences-and-works-approvals/lwa-available-for-public-appeal/item/16761-l6079-1988-13

Newcrest had their report to amend the license for Telfer approved on the 7th June 2022.

@Spratt1982 - That is incorrect, this was clarified in the Interim Results released in March.

Contingently issuable shares

(i) As disclosed on 26 September 2016, as part of the acquisition of the Havieron Project, the Company entered into a purchase agreement with Pacific Trends Resources Pty Ltd (as assigned) for an upfront payment of £13,500 in cash and 65,490,000 fully paid ordinary shares in the Company, and a deferred payment of 145,530,000 fully paid ordinary shares in the Company contingent on:

§ a bankable feasibility study having been completed and a decision to mine having been made on Havieron; or

§ the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party.

@Bamps- Thanks as always. I cannot say I exactly suggested the 2 Billion tonnes of ore body. Just did a simple calculation based on your numbers. Do your sums suggest the same?

@Bamps - So are you suggesting that rather then 1 Billion tonnes of ore, that we may well have in excess of 2 Billion tonnes to mine over the life of the deposit?

https://greatlandgold.com/wp-content/uploads/2022/05/GGP-Investor-Presentation-May-22-vF.pdf

Makes great reading.

Yes, only only 18 mentions of Havieron lookalike targets. It definitely appears that Havieron is becoming the new buzzword in the gold mining sector. It would not be if Havieron was not going to become the new Kalgoolie.

@Bamps21 - Yes, the depth capacity for the Sandvik DE880 seems to be 3174 metres.

https://irp.cdn-website.com/54b6d875/files/uploaded/SANDVIK%20DE880%20MULTI-PURPOSE%20SURFACE%20DRILL.pdf