Member Info for MH01

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/

Tig... the plans for the next year or two has been covered by the RNS's released for the cash raising, plus Shaun's couple of interviews (Liam, Sunday Roast) and his Town Hall, plus the recent Gold Mining Journal article.

French? Weirdo.

Potter with a potty mouth. GBP has only a few hundred k in the bank. You can act like an alpha male all your like, beat your chest, write disparaging comments. Means fark all. I am an Aussie and an accountant, so I understand the country plus numbers. Will they need to raise cash before Xmas, valid question? Drilling isn't cheap. Trying to be both a goldie and oily at the same time, very odd. You stay on the toilet mate and let the big boys talk okay.

Haha Spud bringing up April 2023 information as if it is current, classic. Rudall is not a priority. Also the hit was 925metres below surface.... pass. Would cost a fortune to get to.

If the director loan was not repaid but extended then GBP does not have cash to spare, hence the question about a raise is valid. Anyone who has been with GGP knows all too well what an explorer goes through ref: cash raisings so to dismiss it shows a lack of understanding.

It’s a good point… when is the next cash raise and at what discount ?

Panama IMO in about 6 months from now once GGP get settled and the following are ticked off, then the share price should reflect actual hard data rather than just drifting as it is:

- Telfer resource update

- Havieron resource update

- Havieron feasibility study released or an update

- Net revenue reported for the first time in GGPs history

- Exploration updates

- ASX listing plus prospectus

Hopefully both gold and copper will be higher than today's price as well. The recent articles on GGP and interviews with Shaun tell us all we need to know about where the Board want to take this "new GGP".

"his reputation and future legacy is at stake here" - disagree, Callum is paid by GBP so regardless of finding something he is paid. His reputation is not as stake here, rubbish. The Juri JV with Goliath.... no Havieron discovered, Scallywag.. same. Callum was not tarnished.

Like all explorers GBP has to sink the drill bit into the ground and wait to see if they find something. It is all guesswork based on data available but it is not a guarantee or your money back like buying a toaster. All Paterson explorers are looking for the next Havieron, yet to be found. Currently this share is moving on hype, to say otherwise is a fallacy.

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