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This is a little naive. GGP has plenty of land with "havieron style anomolies" and has not found havieron 2.0. The geology is key here not so much Callum Baxter. If the company finds nothing and needs to keep cash raising then shareholders will be bag holders. This is why some wait for the "discovery hole" first before buying in. Currently the share price is moving due to new buyers on the hype.. not an actual business changing reason like a discovery, etc. It's your money so don't bother me. But worth typing this all the same.

Trees don't grow to the sky .... often said in relation to share prices

Look at the latest RNS. TR-1. There is your answer. They bought to fund raise, that's it. No averaging down and trading. Buy and hold.

“We’ve had to be very measured around our announcements and we’ve sought not to be promotional during this time. It’s

been a challenge for us over the last 12 months, but we’ve really appreciated the shareholder support during that time. One of the great advantages of owning these assets is we’ll be in control of our own destiny and our own operations, which gives us even greater control over our announcements and the ability to engage with shareholders, which we think is a really attractive outcome and an important benefit of combining 100% ownership of Havieron with 100% ownership of Telfer.”

Quote ..." “We just think that by adding the ASX we expand our reach to a broader range of institutional shareholders, plus we should be able to access indexation as we come into the ASX300 and potentially the ASX200. We’re really conscious of the benefit that index passive buying provides for existing shareholders.”

Day also promises more regular news flow from the company in 2025 after progress seemingly stalled this year due to the increased amount of corporate activity. "

The numbers are created in Excel and copied

..Now over $3,900 AUD and slowly marching to $4,000 AUD.

https://goldprice.org/gold-price-australia.html

Thanks Red. Wort noting that I have used a production range of 200,000 ounces p.a. to 450,000 ounces p.a. So many variables at play. If GGP can solidify at least 300,000 ounces p.a. then I calculate 17pence a share on a 10 P/E ratio, which doubles to 34pence a share on a 20 P/E ratio.

All very plausible and not ramping at all. It is simple mathematics.

Following on from my post yesterday. Aussie gold producers making around AUD$2,000 an ounce before tax. So running the numbers I created this share price range. Doesn't matter where the ounces come from (Telfer and/or Havieron) to make up the annual production, just as long as we produce them. Current share price 6.3pence.... range below is from 14pence to 25pence on a PE ratio of 10. On a PE ratio of 20 the share price range is 28pence to 50pence. So any where in between then we should expect. 14pence lower range 50pence upper range.... and we are 6.3pence. At some point the market needs to take notice.....

Gold AISC Profit After tax profit Ounces per annum FCF pa PE multiple Valuation AUD GBP equiv @ 1.93 Shares on issue Price per share

$3,800 $1,800 $2,000 $1,400 250,000 $350,000,000 10 $3,500,000,000 £1,813,471,503 13,081,952,580 £0.14

$3,800 $1,800 $2,000 $1,400 300,000 $420,000,000 10 $4,200,000,000 £2,176,165,803 13,081,952,580 £0.17

$3,800 $1,800 $2,000 $1,400 350,000 $490,000,000 10 $4,900,000,000 £2,538,860,104 13,081,952,580 £0.19

$3,800 $1,800 $2,000 $1,400 400,000 $560,000,000 10 $5,600,000,000 £2,901,554,404 13,081,952,580 £0.22

$3,800 $1,800 $2,000 $1,400 450,000 $630,000,000 10 $6,300,000,000 £3,264,248,705 13,081,952,580 £0.25

.. we all own a small % of this bar as shareholders LOL

https://x.com/hinds_stuart/status/1842975994111742289

Soar Financially page. Link has the word g a y hence the ***

Interview with Doomberg released today.

https://youtube.com/@soarfinancially?si=vD4zbCgXqvHUi6vT

https://youtu.be/bqqko***coq?si=xvl0wajbwfcurpsh

32nd minute or so discussion. macro impact on gold price. seems to be going higher from here.

They can make millions each by getting the share price many multiples from here. At the behest of their self interests to enrich themselves then we all win. Well those invested.

Nobody cares what tymers writes anyways. Chastising everyone doesn’t sound like a smart guy does it, sounds very angry and bitter

AISC $1750 Aussie dollars is the highest value.

Spot gold $3750 Aussie dollars.

Margin per ounce $2000 Aussie dollars and some are doing better than that.

Keen to know what GGP can get out of Telfer over the coming year.

https://youtu.be/8ioFpOGalX8?si=aE3Kwg2K-JuXwfqy

At the moment I believe the shares being issued to Newmont for their 20% stake in the new GGP have not been issued and so the current market cap is based on 10bill shares and not 13bill.

Completely agree with the Sunday Roast opinion that GGP is worth double digits per share. Similar to what I posted earlier today. £1.6bill is De Greys current worth on the ASX. We keep saying that GGP is comparable and Jerry noted that Shaun believes this too. So now we own 100% of Havieron and Telfer and other assets…. £1.6bill for GGP is 15.5pence a share. I think GGP is more valuable than De Grey with it having Telfer plus Havieron. So £2bill market cap is 19.2pence a share which is a good target for 2025.

I think the market will judge GGP properly once on the ASX. Around that time I “expect” GGP to update the market on Telferm’s resources, Havieron’s resources, the FS for Hav may even drop. Once GGP lists on the ASX and the market cap can be large enough to be included in ASX300, ASX200 and ASX100 trackers then watch demand for shares increase. Natural demand from Australian pension funds, EFT funds etc. which will be new demand. GDX may even follow, more new demand.

In the meantime this weekly going around the houses chat board here will persist. Those super negative on GGP will be negative and berate those who are super positive. They’ll clash and argue. The pattern will continue each week.

Price discovery on the ASX will align with the release of important documentation I hope that results in a market cap near or above De Grey… with the added benefits of making the various ASX trackers I state above. That’s IMO.

Please listen from 36th minute when he discusses working at FMG…. These names are now on GGPs Board !

https://youtu.be/e9CAnaFEoHQ?si=Uw4PQhb8NECIpNwP

GGP need 15p plus a share to match De Greys current market cap as well