Member Info for pj70

I understand completely whats happening and no need to be sanctimonious!

There is no doubt the price of GGP is being held up. Fresnillo and Hochshild are up high single digits each today but GGP still languishing. Need some large fund/insto to now get onboard to stop this unless the genuine reason for this lack of interest is the lack of knowledge of how many years Telfer will go for!!

Minihook - my cousin was fully aware of the deposit find and is a mining engineer by profession and sold off a few years back his engineering practice (mainly servicing mining sector for the last 30 years) so knows a few people in Perth and grew up there and anyone that has lived or is from Perth will understand my next comment - he is also from the private schooling sector which is tight as a XXXX. Anyways not going into details what was stated as at the end of the day it is hearsay and to be honest not much more than what is known on this board but i trust his judgement as he has helped me in the past with other mining stocks. He is also a big big believer in GGP and has a good holding now that they are listed on ASX.

Yes Element true but it is Telfer that is producing and making money and all that i am interested in currently with Haverion 2-3 years away from producing ozs and the short termism of the market thinks the same. Hence why the MRE on Telfer in Q1 is so important!!

Hi Manlord, spent some time the last few days reviewing your posts over the past few months, looking at the videos shaun has posted and most importantly with a final call this morning from a family member in Perth and have now invested in EEE. Look forward to sharing the journey the next 3-4 years.

Montyfino not it is not due the time that you have to be listed on the ASX. That is where the grey area is but not sure why anyone is concerned as will just be added in December on a higher market cap.

Thanks Valuation i had seen this but one thing took my attention and that was the updated forecast and NPV with the $500 a tonne value. An increase of $152m for the increase from $400 to $500 a tonne. So safe to say can add another $152m for a $600 price and you have a $0.5bn NPV for a company that has a market cap of circa $26m!! There has to be a rerating at some stage on this unless the market genuinely does not believe funding is coming OR that it is possible to mine cost effictively!

Bamps if and it is a big IF that the gold price stays above 5000 aud for now going forward and if they can keep costs to the 2500aud per oz which should be possible with higher grades i cannot see a price with a PE of 12 of anything less than a multiple of 3 on current price based on where estimated production will be. This i think would be 2-3 years away and again assuming that 5000aud per oz stays as the baseline for several years. What are your thoughts?

BeContrarian:

Gold price allowing natural push on gold stocks, potential asx200/300 inclusion this month or December, quarterly which i would hope will be within guidance for Telfer for output and the Haverion FS and potentially some drill results. Loads to make the SP move

Should mean we can do 400-500k oz pa with Telfer if Haverion can churn 150k oz pa on 1.6 m tonnes. That would be circa 2-2.5bn aud of revenue pa!

Thanks Bamps that would make more sense.

The Haverion MRE in Dec 23 was 7m oz of inferred and indicated and had this note on it

'Grades are reported to two decimal places to reflect appropriate precision in the estimate, and this may cause apparent discrepancies in totals. Cutoffs for the Havieron Deposit Mineral Resources were based on a NSR using metal prices of A$2,360/oz Au and A$5.20/lb Cu. '

That metal price has changed significantly since then!

For those not seen this quite interesting i found on Haverion

https://inventum3d.com/c/greatlandgold/havieron

Will the FS include a revised reserves size for Haverion?

This friday will be a potential big one if we enter the ASX 200/300. That is the first step for buying pressure.

What are the next price barrier levels that need to be breached?

The timing of this gold price run and potentially an inclusion into the ASX200 could potentially be huge for the next 3-4 weeks trading post this friday when we know one way or the other!

TT if the gold price moves to above $3500 today which is happening as we speak and a second wind after the DOW has started its drop then we may see a price in the blue and if Trump opens his mouth about the court ruling or one of his cohorts to say they are not going to abide by it then we could see 3600 today!

Agreed on your comment of lean mgmt team but an operational update every 2-3 months does not take that much effort!

They have not done a quarterly report for last quarter so am presuming we will see a half year report and see what the issues are!!