Member Info for pj70

Contrarian your comments resonate with me as there seems the focus is on gold solely when with GGP the focus is on really moving from 300k oz a year to excess in 500koz a year and possibly 600-700k if higher grades are targeted. So therefore for me any gold price above 4500aud an oz or circa 3000usd an oz we will still make alot of money for GGP. The benefit of these prices at the moment for GGP and any gold producer is that they are able to cashpile for future development costs to increase the size of the business.

Bamps thanks for you informative posts and the one that i was trying to understand more was your comments on the 86% conversion of the MRE to 4.8m ozs additional ozs. Was that for Telfer only OR both Telfer and Haveron?

The other question i have is that Haveron is currently 7m ozs - has there been further drilling to increase this resource since this number was derived and would that be released in the DFS or will the DFS be purely the resource already derived but the numbers to get to development? Any help appreciated.

Wow all the doomsayers are out today so must be some good news afoot to save their shorting *ss!!

I could not help myself and bought a few more today but do wonder if there is something i am not seeing eg low oil price is causing cancellations of future order book etc

When it dropped last time from 80p was the bottom around 32p?

Thanks - sold on the news and very rarely do but glad i did it finally with no emotion and took my profits. Will look to buy back in when it reaches mid 30s again but the chartists on this thread can confirm the bottom here in next 2-3 days.

Bamps it is actually incredible how much there is to go in the next 12 months that will drive SP and potentially positive company making initiatives for now and the future. Lets hope that gold holds above $3500 an oz and we will be making a fortune (just alot more at current levels) especially with a re-rating on the mine life of Telfer which for me is why the PE is not comparable at the moment to other australian producers.

Looks like we will see a retraction in the price with the release of the MRE.

100% agree sageman!

I should also add i want you to be right about it element!

Element how much more time another 6 months when gold is at 5000 an oz. Not meaning to be sarcastic but heard this suppression and being held etc for a long time and unless a big player comes in and starts gobbling up several million shares to get a 30-40m holding of shares i cant see how we will move!!

Wondering that myself - where is the bottom for a company that is on a FCF 2.4 to market cap! absolutely incredible and am gobsmacked a PE has not taken this out at 20-22p a share from here!

What date do the 1.1bn shares come onto market and what was there exercise price for those not aware?

Now just need to get off AIM and onto main market to get some large funds/instos on board and rid of us these MMs.

We need a large player to start buying as this price is going to stay capped for sometime unless we get someone wanting a large holding eg a fund

When you see the likes of Fresnillo, Hochshild and Endeavour today and the significant uplift and GGP with an amazing Tier 1 asset/s and great quarterly production numbers barely lifting in price it is disappointing!

The price of gold is becoming main press which always starts to concern me. Japanese queing for 5 hours with several hundred meter lines in tokyo to buy gold, indian household wealth due to affixation with gold increasing 3.8trn and now selling 1gm pellets, Perth mint gold sales up 21% in September and on and on it goes. I am not saying that this move is not justified but I have my concerns we are starting to see a global bull run the like of crypto currencies and just hoping that this is not a flash in the pan. I personally cannot see a price less that 3500usd an oz price and for me that is great for the likes of GGP but for me the key now is that central banks have a level that they buy at and hold onto unlike banks, retail traders etc

Gerry fair call on the never seen what they would be producing once both are in production because i dont think they actually know as the only input to the equation is how much throughput they can put through the Telfer mill. I know it has been discussed before whether that would build a 3rd train and this was stated as too expensive (which after reviewing other companies in oz that have built 5Mt processing plants this is BS with the cashflow that we currently have would get us that in a current qtr). The grade, grade, grade will determine whether we are doing 500 -800k oz per year once we get into the better grade Telfer and start at Haverion.

These are just my thoughts but your question is really how long is a piece of string in relation to what grades are they going to process in 2028 and each year beyond.

I am getting a sneaking suspicion that we may see greater than 0.65g per tonne from Telfer second half of next year and then hopefully we will see a 400k oz + operation for 26/27 oz tax year!

I just did not realise the size of the prize at Ocallaghans as there are many tungsten projects currently all around the planet professing to be the biggest eg Tungsten West in Devon for one. The by products of zinc, lead and copper at the bottom end of those targets is 0.5bn usd of revenue a year without the tungsten!

Thanks TT for this presentation. What i did not realise was the potential 250m-350m a year in copper with this Tungsten deposit!! This is a separate announcement altogether IF there is the intention to farm this out or develop as this is a company maker on its own!

Taverham - they will not allow the arbitrage to be that great over time so a few pence maybe but not 20-30p between asx price and uk price. The presentation today gave alot of comparative data between GGP and other goldies and that was definitely done for a reason!