Member Info for MH01

Https://www.australianmining.com.au/rio-seeks-approval-for-winu-copper-whopper/#mobile-site-navigation

“ Should the project receive an environmental tick of approval, first production could come as early as 2024.”

https://amp.smh.com.au/business/companies/rio-tinto-s-green-vision-for-giant-pilbara-copper-mine-20231206-p5epge.html

https://www.riotinto.com/-/media/Content/Documents/Invest/Reserves-and-resources/2021/RT-Winu-reserves-resources-2021.pdf?rev=f5f9153801904622b652035860d015b4

Agree that if the gold copper at Winu is worth billions than it makes sense to invest millions to get it processed, and if that’s a purpose built rail line then they need to do it. I don’t want Telfer being solely reliant on Havieron as I’m worried about the risk that creates.

Telfer needs ore for its future viability Bamps. If it can process 22million tonnes a year it needs ore. That workforce needs to be kept busy. Where’s the ore coming from over the next decade ??

From what I’ve watched and read online a gold price of USD1500 is uneconomical for a lot of gold companies. They’d go out of business. They need an income that produces free cash flow for survival and growth. Break even and below is no good for anyone in the industry. The central bank buying globally now really hints that gold is viewed again as money and there is no reason for the price to drop to US$1500. The East see gold as a safe haven and store of value. Fiat is being devalued so quickly now.

Let’s say gold is $2500 and ounce and AISC $1500 to be conservative, so $1000 profit per ounce. If Telfer was producing 200,000 ounces a year and Havieron another 200,000 ounces a year, a total of 400,000 ounces.

At $1,000 profit an ounce = $400,000,000 USD profit. That’s a lot of free cash to pay down debt rather quickly plus invest in other projects etc etc. After say 3 years GGP should be debt free.

You can change assumptions on annual production plus annual profit per ounce to arrive at various annual free cash flow. The economics do look good.

Let’s say 250,000 ounces for Telfer and 250,000 for Havieron, total 500,000 ounces.

Using above figures of $1,000 profit per ounce is $500,000,000USD free cash flow. Let’s now change gold prices to $3,000 and profit per ounce per to $1500. Free cash flow is now $750,000,000USD. The range of possibilities are fantastic if GGP can buy both Telfer plus Hav plus the other Paterson JVs from Newmont. Buy it all. Bank funding would be paid back in a couple of years.

You’d hope that if Winu ore was getting processed at Telfer in the future that a tar sealed road is laid. The wet season would cause havoc to the roads if they were dirt.

“ In recent days, an influential list of Wall Street banks raised their price forecasts calling a probability of Gold averaging a record $2,300 an ounce in the second half of 2024. While, the most bullish predictions came from Citi – reiterating their view for prices to top $3,000 an ounce over the next 12 to 16 months.

Whichever way you look at it, one thing is clear. The macroeconomic backdrop for Gold in 2024 is looking more bullish than ever before. In a note to clients, analysts at GSC Commodity Intelligence wrote “that the precious metals recent glittering performance points to a tell-tale sign, which indicates we could be at the beginning of a new historic Supercycle for Gold”.”

Malva that’s all well and good, so invest in De Grey. It’s not a d7ck measuring competition is it?? De Grey this De Grey that. Great… go buy shares. The point we are here is to make money on GGPs shares. What’s going to happen to turn 6p a share into 20p a share? That’s why we are here. Cheers

GGP versus others tbh it’s not important, if you’ve invested here all that matters is ‘what is GGPs future’. Does GGP do well from here? The other miners will have their own journey. Since I own shares in GGP my focus is on its share price and the upcoming catalysts, not the other companies. Pointless comparing when each company has its own unique issues that impact its future.

Itsouthere, Plode, loftmonkey, nineblahblah, Aquakidd, aim999, etc etc???

I ask would you rather listen to the founder of GGP or some random on the internet??

Callum retains most of his shares. Last I saw he held about 80million but after the Starvest closure it’s probably a hell of a lot more now, well over 100mill I’d think.

So thanks to Liam for arranging and publishing the interview. You can all make your own mind up of course. But I know where I prefer to obtain my knowledge from.

https://youtu.be/iB9aMxKV-bo?si=yJhqAGTD805Res0i

If you’re buying today it’s a good price. Price is relative.

Almost hit USD$2,200 today. Only a few dollars off.

300,000 ounces per year. Can’t believe you had to even ask.

IMO share price reflects the current uncertainty on what is happening with Telfer and Havieron ref: Newmont's divestment. Until all cleared up this could continue.

Https://youtu.be/5LdcK2GgZEA?si=MYjhhpqRy1iQflF1

Always worth listening to a few times IMO. Since the same discussions appear here week after week, the latest feedback from Shaun on such is relevant. It’s a waiting game from here. Newmont need to make their move before GGP can make their move. Could take a good chunk of 2024 before we know the outcome, who knows.

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

IMO it’s a game of patience, waiting for investors to start buying again when all the big news events come to pass. Still uncertainty around what’s happening this year and once this is all cleared up a pathway will appear. And hopefully it’s a profitable pathway and new investors want a piece of the action. Buying Telfer and being an instant miner would make a massive difference as it would mean GDX and other funds could be buyers too.

51st minute. Knowledge is power.

https://youtu.be/-GjmSI2m3rs?si=agUaWhFiWgI18kOk

China wants the gold price as low as possible to enable them to keep accumulating. They’ll be rich and powerful when the gold price reverts to its true value.

Https://www.resourcesrisingstars.com.au/blog/soaring-spartan-feeds-the-gold-bugs-with-talk-of-yet-another-major-exploration-breakthrough?ListPageUrl=https%3A%2F%2Fwww.resourcesrisingstars.com.au%3A443%2Fblog%2Fcategory%2Ffitzgerald