Member Info for pernickety

AquarianAge

Another one for the green bin.

Above the blue bar at top of messages there is a small grey box with a green circle in it.

Click on it and fill your boots.

I have over 60 in mine.

It is great, no puppets, only what you want to read.

I agree, regulation is poor and certain posters spoil it for genuine ones.

Hot copper is a well regulated board and well ahead of this one.

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It might be because Antipa shareholders were told that Greatland needed Minyari ore for Telfer to survive.

If that was the case Antipa would then be taken over by Greatland.

Looks like Telfer will now have plenty of its own ore for many years to come and when Havieron the ore starts to get processed at Telfer that will be the 2 trains utilised for the forseeable future.

Shaun said he was happy with what he had and M&A was not on his agenda.

It looks to me like Antipa would have to build their own mill and infrastructure to accomodate their workforce at Minyari, fly in, fly out, same as Telfer and it is in a pretty remote area of Western Australia.

That is probably why they are unhappy unless I am missing something.

Greatland will not need Antipa.

Minyari is a stranded asset 35 kilometers from Telfer with no road, only sand dunes between.

No infrastructure, no guarantee of tolling, open pit and permitting may be an issue, it is years away.

Antipa shareholders have been made to believe that Greatland needs Minyari as Telfer ore was rapidly running out.

On the contrary Telfer will be producing its own ore for the next 10-20 years.

Antipa former JV partners Newmont and I G have packed it in, no free carry for drilling now.

They will have to raise big money and dilution to go it alone, that is why they are desperate to sell it.

With the relatively small uk retail offer it may be existing holders that would be preferred for allocations scaled down depending upon demand.

To be fair to H/L are good for junior ISA's.

Completely free from dealing and management charges until 18 years old.

Also gives interest on cash held.

Ii has the broadest range of investments taking all the platforms into consideration, including Australian companies.

Hargreaves Lansdown and several others do not do Australia but with the increased interest in gold and miners, may have to change.

Greatland do not need Wilki.

They have plenty to keep them going for years now that Telfer will have at least a 10 year mine life of its own ore, with Havieron to follow in a couple of years.

Antipa can drill it themselves, they might find something of interest.

American residents are coming to terms that the dollar will probably devalue further (country 37 trillion in debt) with the possibility of turning to printing more dollars in an unstable bond market.

Utah (already heavily invested in physical gold) is moving towards competitive procurement of a precious metals backed electronic payment platform allowing vendors the option for payment in physical gold and silver.

Texas, Tennessee and Florida are not far behind, as is 21 other states. transactionalgold.com

A recent bill headed by representative Ken Ivory that was voted 25 for the bill and 4 against was vetoed by Republican governor Spencer Cox.

Overturning the veto, for which they are confident, is now the aim, as representatives of the larger part of the state wanted the bill to pass.

I am sure the thinking behind it is that wealth preservation could be better achieved in precious metals, other than the dollar.

Could be good for gold and silver if the bill gets passed in Utah and expands.

Sorry Jiffy bag, did not realise I was duplicating your post.

As it stands Newmont hold 20.4% of Greatland.

Wyloo's option is half of them whch would be10.2% at 7.2p within 4 years, locked in for first year.

After this is actioned Wyloo ends up with over 20% of Greatland.

Andrew Forrest may have eyes on Greatland and gold/copper further down the road giving him alternative exposure outwith his iron ore company Fortescue.

Looks like Gold may have a great future.

Jarvis never participated in the GGP retail offer @ 4.8 p which was disappointing for users.

Interactive Investor IMO is a good alternative choice.

I agree MH01

Roger Mason wants to sell Antipa, and has done so for a long time.

They have been drilling their tenements for many years.

Their Minyari Dome resource is 35 kilometers from Telfer over sand dunes and no road.

Shaun Day is a finance man, Roger is a geologist who likes his options.

Greatland will not need Antipa if Telfer continues to grow its resource, and , Telfer already has a bigger resource than Minyari.

They would need to build a plant or toll their ore at Telfer. I think they are hoping to hit the jackpot with Parklands recent drilling.

Kingjoe

Show the workings in your statement 10 times it's market cap.

MrCareful

You are right, I printed it at 12.8p instead of 12.18p and did the calculations at 12.8p.

12.18p makes us even more undervalued.

Previous message sent in error before finished.

At yesterday's close Greatland share price was 12.8p and with 13.079 billion shares in issue gives a market cap of £1.674 billion or A$3.478 billion.

Annual production from Telfer is estimated between 280-320 thousand ounces, call it at 300,000 ounces which may be conservative.

AISC costs at Telfer per ounce is listed at A$2126 and gold is just over A$5000 per ounce today.

This gives a margin of A$2874 per ounce multiplied by 300,000 ounces gives A$862.2 million earnings.

Divide the earnings into the market cap of A$3.478 billion gives a price earnings ratio of 4.

This low p/e ratio of 4 seriously undervalues Greatland against its peers.

Shaun draws comparisons with Telfer/Havieron to the Northern Star's purchase of Hemi from De Grey for which A$5 billion was paid and it does not have a processing plant.

Put options till the end of 2026 let Greatland have unlimited upside in the gold price and and a floor to the downside.

Roll on the ASX listing to get a bit of fairer value into Greatland.

Hope figures are OK.

At yesterday's close Greatland share price was 12.8p and with 13.079 billion shares in issue gives a market cap of £1.674 billion or A$

I think the most you can lose is 9 shares, rounds up after that.

It looks like that when Greatland cross lists on the ASX it will make little difference to us personal investors..

It may however make a difference where some fund managers would steer clear of AIM as opposed to a full London listing giving ASX buyers an advantage.

Australia are well into their pension funds compared to the UK.