Member Info for MH01

* did NOT want to keep

All in good time one would expect. Personally I’d be surprised if Newmont did want to to keep Telfer / Havieron. And as a result I would be surprised if they put on offer to GGP for our 30%. However I don’t expect it and I see the JV going ahead. It GGP launch asset after all. So for GGP to sell Havieron the figure would have to be well over a billion pounds and I cannot see Newmont paying it.

Savage hedge losses, let’s hope GGP doesn’t experience similar, nor Newmont for that matter as it impacts the profitability of Telfer and we all want it as good as possible. We all win when Telfer is purring like a kitten.

I’ve not heard anyone trying to split Telfer into separate entities. For me Telfer is a single mining operation. That’s what the literature from both GGP and Newmont infers to me anyways. GGP has a tolling agreement to use Telfer to process Havieron ore, but I’m not privy to the particulars of the cost. I’m sure we’ll find out in 2025 when ore is being processed at “cost” plus 10%.

Hedging… Newcrest locked in a gold price for their Telfer gold, the hedge, in advance of mining and selling. It was to limit downside if the gold price fell. However the hedge went against them because the spot price was well above their hedged price they had to accept.

I recall the gold hedge cost Telfer a pretty penny, my mind thinks $30m to $50m or so. I’m sure an article written around the time of the last release noted it. Probably taken from Newcrests last financial report or something, I’m sure Newcrest would have commented on how the hedge impacted their P&L and if they sold at spot price the profit of Telfer would have been much higher

What’s the AISC of Telfer? Unsure it’s losing money but clearly it’s not as profitable as other mines they own.

Newmont will review every asset they own and look at ways to maximise profits. Win win for us if the AISC of Telfer can be reduced via optimisation changes.

Newmont have multiple JVs with juniors so I’m sure they are always watching drilling results around the globe from juniors. Outside of Havieron we haven’t hit the jackpot but that is the hope. GGP has a massive footprint in the Paterson, a larger EG footprint, so it’s not from a lack of trying that’s for sure

Looks like the post was removed so don’t worry about it Matt. His claim is unfounded. It was ridiculous actually. The share price would tell you it a leak had occurred so the guy is full of 💩

Not that much chat for you to scroll back through. Sisu popped up yesterday morning with another proclamation. As he does. No proof. Says a one liner and then p1szes off as per usual.

I’d be super happy to see 25p to 30p by Christmas 2024. Following the Lassonde Curve. We should be close to first revenue at Christmas, both the FS and DTM will be behind us. I’m hoping Newmont don’t rock the boat and keep the existing JV.

They will reach the ore body this year 2024, however, to make money they need to construct the decline down along the face of the ore so they can take their stopes to send to surface for processing at Telfer, which is likely 2025.

BooFaceDesigns @Mazza1976

Just out of interest what's your valuation in pounds and pence? Full transparency I am a holder and am always interested in your posts - thank you.

Stuart Hinds @hinds_stuart

25 pence at current 8.4 million Au equivalent. If resources increase with underground drilling to 15-20 million then 80 pence. If gold spot reaches $2300-2800 then over £1.

Https://twitter.com/hinds_stuart/status/1755911660730994921

“i am loaded” why would you write that? a true aussie isn’t up his ****.

Perhaps invest every 2 or 3 months instead of monthly, so they fee is a low percentage of the investment.

Gold chat is at 1hour 6mins but he does cover other commodities. He mentioned copper in his gold chat. GGP has both.

Makes me think what the ASX investors will think about GGP once they list, hopefully later this year. There is an appetite for companies like GGP on the ASX I feel

https://youtu.be/1OwMVMJ1mPw?si=j0NYs91aS1H_6Lu4

Picture within shows why Artemis's SP is moving.... nothing to do with the Paterson. Artemis seem to be chasing lithium instead of gold after their land next door to Havieron came up with nothing from their drilling.

https://twitter.com/Share_Talk/status/1755921998205599961

"Up 103% on AIM currently....Would be nice on GGP soon...!"

Small market cap though. And looking at their share price chart they are recovering losses at this price. Again, nothing to do with GGP. All based on speculation based on their JV partner on the ASX, and to do with lithium.

Https://www.lse.co.uk/rns/ARV/update-on-recent-market-activity-u9bfz6i6mu1og9r.html

nothing to do with GGP if this is the insinuation

You keep taking about Tasmania. It’s gone. Time to move on. Western Australia is far better than Tasmania for mining.