Member Info for pj70

TT all i am hoping is that there are no untoward surprises in the quarterly as it seems we are limited to the upside with marginal moves but hit massively to the downside with anything a touch negative.

Bamps of the other prospects outside of Telfer and Haverion do any others interest you the most probably also outside of Ocallaghans. I was reading up about deserts revenge and some historical hits there just south of the Telfer pits are really interesting

Thanks Bamps - so we should not expect any changes to Mineral resources for Haverion but more purely the how to get it out of the ground and the cost of doing so.

So by mid december in theory at the latest we should be in production but would suggest we should or could see an announcement on offtake agreements in the next 4-6 weeks. My only concern is our bargaining position for the first offtake agreement as any buyer will know they NEED an agreement so just hope on commercial terms.

Bamps are they also drilling at Haveron or have been since the april announcement on reserves there?

Thank you bamps

Hi Rotherby are you able to provide an email address so as to go on a waiting list please?

Cheers

Also love the point that they are factoring in nothing for WDU and classifying it as upside risk - if this does become bigger than expected then the 2033 final year of telfer production could be more like 2043 - wishful thinking anyways

Thanks for posting the note. Really interesting profile on AISC costs next 2-3 years which seem high to me and also production output levels seem conservative. Anyone else think that?

Sageman your statement that the market does not know whether Telfer is 18month or 10 years is exactly spot on and why we are valued where we are. Until we get continuity of quarterly earnings and production output alongside that update in Q1 next year of MRE for Telfer we will go with the flow of gold price in my opinion but also at a lower valuation due to the perceived inherent risk on Telfer output. I do think the drilling results for Telfer will help allay some fears going forward when released next week one hopes.

Thanks for this Rivaldo and confirms what many of us holders think. I thought we would see 2025 as the year this stock kicked on BUT with a potential dividend/buyback and reduction of debt next year by another 40m odd i think 2026 will be the rerating year and where we could see significant double digit returns in GMS. Been a long wait but will be worth it!

Dsmith - no we are still not valued at 3000usd an oz so even if we the gold price does significantly drop we will value accordingly in the future with a Telfer mine that has multi year life which is announced officially in Q1 next year and a DFS that is coming out shortly. The other big fly in the ointment is OCallaghans and whether this will be developed in a JV with free carry or what for the Tungsten and other by products!!

Hi Lazy the issue is how many years is Empire away from commercial production output? How much will it cost and to what equity dilution? These for me are what is going to drive SP over the next 12-24 months

Another steady as she goes RNS and the only negative is that the order book is down to 457m from circa 550m at the end of last year. However that is still over 2 years revenue and new contractual deals are normally over the next few months!

Big news out of Washington with Australian govt signing a rare earth deal with trump for development of rare earth deposits in Australia and with ocallaghan the largest deposit in Oz you have to think GGP will get some benefit from this deal!

Can someone explain to me the 12.5 years reserve life of this company prospects versus what the potential is and are they going to continue to drill to increase reserves??

Thanks for this Element.

Is that not an upgrade from Macquarie as i thought they had a target price of 7.80 only recently??

Thanks Bamps for your responses - greatly appreciated.

It seems that Telfer has many more years to give but what we need now is for the market to recognise that through the updated MRE next year and in the interim getting a raft of drilling results that will indicate that Telfer is a long term mine proposition. For me this is where the next leg up in SP will be with then the DFS on Haverion thereafter.

Is there any indication on when ore will be taken from Haverion and processed in the Telfer trains? Is it likely 2027 or more likely 2028/2029?

Is there any chance that the west dome and the main dome undergrounds are one continuous reef structure ??