Member Info for MH01

One day at a time. When the facts change so should our decision making. Given the beefed up Board and Management Team I am hopeful of being back in the 20s (SP) end of this year.

Many major companies have more than 6billion of shares on issue

You can’t just dig a hole anywhere in Australia. The land is regulated and you need permits to dig. Currently the Hav permit is to dig the exploration decline. Next they’ll need permits for other works. I’m sure they are all in progress, NCM have a deep underground mine at Cadia so they’ll know the process to follow.

Best method is compare the market valuation to peers. Owing 30% of a deep underground mine versus other players that have multiple operating mines. What’s the market cap of those peers. Being realistic is important

Agree, market capitalisation and shares on issue are important. 38p ATH means a much higher market cap now if GGP ever achieved it, and can they justify a mark cap of £0.38 x 5.1bill shares = £1.9bill valuation. Let's hope Shaun can make it happen. Major investors onboard would love to see it given their recent buy-in price under 10p.

So how would they fund GGPs share of costs ?

Fortescue Metals seems to be doing pretty good

Ben we aren’t mining and earning revenue until 2024. This is well known. Shaun and NCM have both mentioned this timeframe. So another year to go of FS, planning, permits, drilling, site development etc

You’ve twister what I wrote. Clearly I said I don’t see us being a target for purchase. M&A activity is happening for operating mines.

Currently GGP owns exploration licences on various land. Nothing income producing. The big miners are buying mines, wanting income now. I think it’s naive to think that GGP as it stands is a target, only it’s share in Havieron is significant and it’s a minority holding that currently doesn’t produce income. Too much bias here based on being a shareholder rather than thinking what is a buyer looking for.

Personally can’t see anyone wanting to buy GGP. We only own 30% of a mine development. Still not a mine yet. A buyer of GGP would be a minority owner so can’t see a large company wanting that arrangement. Many other mining opportunities around Australia for a large buyer to own 100% and control. I only see Newcrest as the only possibility of having an interest to own our 30% however they declined the 5% so it doesn’t seem they mind owing 70% rather than 100%.

Daily decline progress is estimated to be between 5 to 8 metres a day. So you can work it out yourself in between updates. Both GGP and NCM give regular updates.

Fred that’s highly slanderous and should be removed by the LSE admin. You cannot make unsubstantiated statements like that about the MD of GGP.

https://www.dailyreckoning.com.au/why-its-time-to-cross-the-styx-and-plunder-the-kingdom-of-hades/2022/12/17/amp/

Dawn Shay read this thread https://mobile.twitter.com/AIMwithTom/status/1602327911456972800

You failed to mentioned their SP target had fallen once again

Simon would not attend in person, he prefers throwing insults from his keyboard

Go see Shaun in person this week and ask him directly.

Q1 2023

Peter Schiff thinks same Speedy........ gold back currency via blockchain