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I do listen Zoros. You just seem to take everyone who questions you as some personal slieght. It is not. I am trying to understand without becoming a mining expert what is going on. So the good rock is @ 400m. That vertical or length of the decline?

So we are behind. I am guessing a lot of these drills around the mine site may be checking the ground conditions and not looking for gold.

You say what am I talking about then you state we a 3 months behind. I think people, including me, got over enthusiastic about the decline. How deep before we can start really tunneling? Until we reach that point we cannot give a accurate estimate for completing the decline.

Do share

Telfer needing ore is unimportant if we cant get the ore out. The current decline is behind target. So we wait for the next quarterly for an update. I am hoping to see a big increase otherwise we miss 2024. What depth will the good rock start? I am confident that NCM have drilled where they are mining so the will know this answer.

If we sell 5% and the shares rise but the decline is delayed may be an opportunity to sell and buy back later.

Starting to look like a trail from Havieron towards Zipa.

This is not deramping. The early start is not going as fast as I imagined. NM also stating it has been delayed. How much we do not know. Can they catch that up? I am hoping when it hits better rocks we will start seeing large increases in distance. We may make up time.

Until the big guys move in we are in purgatory. We are actually very lucky because the main market ignores AIM and companies like GGP, no matter how good the fundamentals. So we have the opportunity to buy in at very low levels. GGP has strong fundamentals. It will become a full functioning mine. The 5% sale will go through. It has a large portfolio of other tenements with potential finds.

Only risks I see are natural disasters, meteors, geo politics and wars.

277m completed in 9 months, 5 years I was being optimistic. Of course the SP is affected by the time the mine starts operating. They can invest their money anywhere. Why invest here when nothing happens for 5 years. All the opportunities they can miss leaving their money parked in GGP.

Luckily we have the sale of the 5%.

Seen posts today stating over 40 million ounces of gold. Current price for that amount of gold is $72 billion.
Previous posts stating 2 million tons of copper. The price for that amount of copper is $20 billion. The current release means that the copper resource has expanded. It could be 4 million tons, $40 billion.

We are talking about a mine with over a $100 billion dollars of ore and we have 25%. This does not include Zipa and further finds.

I think a mine with over a $100 billion of ore is worth at least $10 billion. IMO 5% is worth at least $500 million. Giving GGP $500 million in the bank and 25% share of a $10 billion asset. That means $2.5 billion for us.

Valuing GGP at $3 billion or 75p a share.

Paddy, Dip

It would be nice to see it speeding up. The speed of decline has a big affect on the SP.

@jkw.

Should be doing 150m a month. So far they have done 277m.

It could be 5/6 years before we reach the top of the ore body. NCM and GGP do not seem perturb. I am hoping once we reach a certain depth the pace will pick up. If anything they seem to be going slower.

The 5% buyout will help the SP which could be completed by the end of next month.
Anyone have any experience of digging 3km holes in WA?

Get it out with a digger,

SAS, he has done nothing wrong. Seeing inflation as it is plus other tenements needing funding it is not surprising it may need more money. The fact he could take the opportunity to invest is a no brainier.

Buy and sell is just a computer guessing what the motivation is in a transaction.
If you ask for a share and pay a higher price it sets the text blue implying it must be a buy.
If you sell and accept a lower price the computer sets the text red implying it is a sell.

As all trades consist of a buy and a sell. How can you tell?

I think most of the buying and selling is done a a few traders. Everyone else is just sitting on their hands.

My reading is that the 5% will be based on what is now known exists with what they can infer probably exists and the potential that more gold exists in the tenement. You need people who are experts in this field on your side. They will need to be able to backup every claim they make.

Do we have any drill information in that North East corner? We had a really deep drill that was waiting for Assay. Was that near Zipa?

I think they have found something. We have been very busy in the north east corner and Zipa area. LOts of activity in that area. Do we have any drill information for Zipa Bamps?

Artemis cannot say if they have found gold until it is confirmed by an Assay. They are giving very big hints that they have found gold. They will know if they have found gold, even without a true scan system. They will have seen a least a few traces of gold when they were extracting the cores. If their is no gold at Apollo never trust a word from Artemis. Treat everything by these guys as total BS. We will know soon, I find hard to believe they would give hints like this without any gold. So for me how much gold is their?