Member Info for MH01

Location of Red Setter compared to Telfer. It is close which is great, but until a massive resource is found then no need for GGP to even look at it. https://wishbonegold.com/projects/cottesloe/

I cannot see GGP being interested in WSBN unless WSBN can prove they have something of value. Looking at WSBN's RNS's and website they are on financial life support. Recently raising £360,000 to keep the lights on. Share price high of 20pence in 2021 to 1/3rd of a penny today, 98% loss in value. No need for GGP to rush in as they don't need to. In the meantime WSBN needs to continue raising money to avoid liquidation and eventually the suckers will dry up.

Ggp in no rush to partner up or buy anyone for a good while. Plenty of ore at Telfer to dig and process, plus develop Havieron, plus explore existing tenements.

In the meantime the minnow around ggp will flounder and capital raise over and over, making their future worth even less and much easier for ggp to gobble them up like pacman.

New buyers at volume will move the share price. That’ll take time as milestones get sorted and Shaun keeps spreading the work on GGP. The ASX will be a big boost I believe… lots of new demand.

Transaction hasn’t completed. And the LC has a timeline component on the x axis. It’s not straight up day 1.

Shaun mentioned the development side of the Lassonde Curve. I personally feel we are now leaving the big dip in the middle and will make our way up the second hill.

https://miningexplained.com/the-lassonde-curve/

https://www.smallcapinvestor.ca/post/the-lassonde-curve-understanding-the-mining-life-cycle

I think by memory the debt facility is AU$750mill but hopefully it won’t all be needed because cashflow from Telfer will mitigate the requirement to draw upon it fully. Even if a quarter to a half of the $750mill is needed that’s great. I do feel confident that the GGP team and all over this and are excited about what’s coming next.

Shaun mentioned 500,000 ounces so using my numbers from earlier that increases the AU$47mill to AU$55mill a month on average cashflow after costs

Over time you'd expect the debt facility to be drawn down upon, but hopefully not if the cashflow from the 425,000ish ounces is good enough to avoid debt. At AU$4,000 minus costs AU$2,000 = AU$2,000 profit x 425,000 ounces = AU$850mill after costs over 18 months. Say AU$47mill on average per month cash inflows. Surely that can fund the next stage(s) of both the Havieron development and Tefler development.

To be in the top 5 gold stocks on ASX should mean £2bill market cap is plausible. £635mill current valuation. So 3.1times upside. 2025 will be pivotal once all the big catalysts are ticked off ✅

Shaun is very upbeat! Let the regular news flow begin now that the Newcrest / Newmont shackles are being removed! It’s very much in Shaun’s interests to keep the market updated to build excitement around GGP and it’s short, medium and long term future

Over time you'd expect the debt facility to be drawn down upon, but hopefully not if the cashflow from the 425,000ish ounces is good enough to avoid debt. At AU$4,000 minus costs AU$2,000 = AU$2,000 profit x 425,000 ounces = AU$850mill after costs over 18 months. Say AU$47mill on average per month cash inflows. Surely that can fund the next stage(s) of both the Havieron development and Tefler development.

Nice profit, well done mate

If we grab the keys in November then you'd think revenue would occur from day 1.

I wrote this the other day… what’s GGP worth? Is the current market capitalisation factoring everything in?

Personally I say no, the price is undervaluing GGP. At least De Grey valuation needed here.. £1.7billion.

ASX peers comparison9 Oct 2024 14:18

Slide 11 peers .... https://stg.greatlandgold.com/wp-content/uploads/2024/08/Greatland-Corporate-Presentation-Diggers-Aug-2024.pdf

Northern Star £9.49billion

Evolution £4.66billion

Perseus £1.82billion

De Grey £1.69billion

Ramelius £1.27billion

Westgold £1.22billion

Red 5 £1.20billion

GGP £645million

GGP times by 2 to equal Red 5, Westgold and Ramelius (a double from here).

GGP times by 3 to equal De Grey and Perseus (a triple from here).

GGP times by 7 to equal Evolution.

https://companiesmarketcap.com/gbp/gold-mining/largest-gold-mining-companies-by-market-cap/

Howdy folks. Those who attended the town hall summarised it well. Big catalysts over the next 6 months… regular newsflow from GGP now they’re unshackled, resource updates coming for both Havieron and Telfer, ASX cross listing, development progress at havieron, and GGP earning real revenue for the first time. 425,000 ounces or so of revenue spread over 18 months.

Lots of ‘assume’ there… only looking at if all ducks align and only positive outcomes occur, which can occur, but the chances are less than 50/50 for that. So also need to think / assume the other way for balance. Only majors have deep pockets to drill into the ocean. Difficult work. Anyways.

Https://x.com/TheSaintCharts/status/1845033668391338188

What happens if nothing transpires from this? Other parties will know GBP does not have the money nor the expertise to develop an oil well in Namibia. To think a farm-in is guaranteed is silly.

"Namibia

As announced previously, in addition to the renewal of the PEL94 Licence (“PEL94 Licence”) in Namibia, Global has entered into early commercial discussions with a POTENTIAL operating partner (“Partner”) for a Farm-In agreement for its PEL94 Licence. Global believes a Farm-In, IF successfully concluded, COULD BE transformational for the business, with a strategic partner potentially enabling the exploitation of the estimated 2,747 million barrels of oil (“barrels”) on the licence (Unrisked Net Best Estimate (P50) Prospective Resources – as previously announced on 27 March 2023)."

Wonder how much this will cost.. "Remaining commitments to acquire 2,000 km² 3D seismic data (firm) and to drill a well (contingent)" ... Slide 6 https://globalpetroleum.com.au/wp-content/uploads/2024/09/24-09-23-GBP-Corporate-presentation-September-2024.pdf

For a junior of this size to be spreading themselves between Australia and Namibia... difficult without deep pockets.

Power Metal Resources PLC - these guys tried to be all over the world in a variety of commodities. Paul Johnson was at the helm, no longer. Share price down 75% since the covid peak when it was realised the company couldn't deliver.

"Exploration program:

The Company and Callum Baxter have agreed an initial exploration strategy for the first 4-6 months following completion comprising airborne magnetics and lidar, ground based gravity and electro magnetic studies and subsequent data modelling, in preparation for a drill campaign of 1-2 months. The exploration element and preparing to drill is expected to cost approximately £500,000 and the drill campaign a further £250,000. Completion of exploration and drilling will be subject to available funding."

https://globalpetroleum.com.au/wp-content/uploads/2024/08/24-08-14-GBP-Exploration-JV-Placing-FINAL.pdf

Swazer.. had a look at your substack report on GGP. I noticed Newcrest mentioned a lot but not Newmont. Nothing about the deal in September either.