Member Info for TheSnorkler

We are on the other side of the Lassonde Curve, moving up rather than down

11p seems have been beaten. We can drift up until news

Bamps in your opinion what order do you see these targets being mined.

The unknown is the 'gap' between Telfer and Hav, however SD hinted this gap has vanished and give the MRE the resources are there to fill the gap and then some. The timeline of the development of these new targets is still unknown.

BTW Thanks for your view with O'G and the W...happy with that.

Bamps:

I'm just quoting the Newcrest 2009 plan as of page 19 which quotes "800,000" mtu pa Wo3

https://announcements.asx.com.au/asxpdf/20090918/pdf/31ksnmxrlzythp.pdf

yet again, I have not explored the cost (or practicalities) to to deliver this and im just looking at the revenue side of the coin.

The value of the Tungsten is however $5-8B, which is what I challenged your maths on.

Bamps, I'm very happy to have this discussion and I thank you for you to pointing out the practicalities of the Newcrest publication which should not be ignored.

SC: see this is how grown ups discuss, different opinions to try to get facts.

Bamps.

800,000-1m tons of "MTU" (10kg) not tonnes pa! this is in from the original Newmount plan I linked to.

Oh I totally get the getting it out the ground challenge and I'm with you all the way on that point.

I agree with this. The Tungsten is either a long term project after Telfer and Havieron have been developed, or sold off to the highest bidder. Our focus should be on the development of the gold projects for the moment (next 3 yrs).

HOWEVER

We also need to understand the value of this asset, either to sell off to the highest bidder or when someone comes knocking on SD's door to buy GG we need to know the asset values and not make the same mistake Newmount made and give away the assets at a ridicules low value.

I'm sorry Bamps but you are wrong on the value of the Tungsten. It is in the value of $5-8B. That's the value of it once dug up. Obviously the cost side needs understanding, however link here is useful.

https://www.ggpchat.co.uk/viewtopic.php?t=1058&sid=099a7e770d14888e5a33e12f32935da3

The pricing of Tungsten is bizarre as a MTU of Tungsten is worth ~$330 but you only get 10Kg for that ..not a tonne!

Tungsten is also a hot topic at the moment so it may help build SP value correction (up).

This is one amazing share. The amount of value in the ground we have is eye watering. These numbers are just unbelievable.

Https://announcements.asx.com.au/asxpdf/20090918/pdf/31ksnmxrlzythp.pdf

This was Newcrests plan for O'Callaghans in 2009

Anticipated annual production is in the range

Tungsten Concentrate: 800,000 - 1,000,000 mtu pa, 60:-65%WO3

Zinc Concentrate: 45,000 -55,000t pa 50%Zn

Copper Concentrate: 25,000-35,000t pa 25%Cu

Lead Concentrate: 15,000-20,000t pa 65% Pb

based on 3mtpa processing rate

Commodity prices US$9.00/lb W

Remember this is only the revenue side of the coin.

Taken from the GGPchat.

Metric Ton (MT):

A standard unit of weight equal to 1,000 kilograms (or 2,204.6 pounds).

Metric Ton Unit (MTU):

In the tungsten market, an MTU is defined as 10 kilograms, which is equivalent to 1% of a metric ton.

The $330 is a MTU price. The MT price is around $25K

In the last interview SD was talking about a 2nd Havieron. He didn't say it was a gold asset though.

$8B of Tungsten ...could this be the next Havieron?

Tungsten price

https://www.metal.com/Tungsten/201308090016

:-)

..and the Tungsten!

How much Tungsten is there?

Will we even need the loan to complete development.

We entered into the agreement around June 2024 (?). POG was then $2300 and now $3000. We only need to produce 1moz of gold to cover the facility given the $700 rise.

This is the best bit for me

https://www.proactiveinvestors.co.uk/companies/news/1068297/greatland-gold-ceo-world-class-resource-and-asx-listing-icymi-1068297.html

Shaun Day: Exactly. When we acquired Telfer, Newmont had a 15-month mine plan in place, covering 426,000 ounces of gold equivalent. That gave us a solid foundation while we worked on further drilling and resource development.

We’ve now identified 154 million tonnes of ore. To put that in perspective, the processing plant runs at about 20 million tonnes per year. So the potential for extending Telfer’s life is significant.

Additionally, we expect to bring Havieron online in late 2027 or early 2028. Previously, there were concerns about a gap in production, but we now believe we can extend Telfer’s mine life not just to cover that period, but potentially beyond it.

I wonder if it could be connected to Wishbone Gold

looks like they are in trouble

https://wishbonegold.com/wp-content/uploads/2025/03/WSBN-RNS-250319-Termination-of-Reverse-Transaction-Corporate-Update-and-Continuing-Suspension-i3n5.pdf

I reckon 4-5 yrs before Divis.

3Yrs to pay for Hav and then 1 year to buy the surrounding gold projects (antipa,wisbone etc)

Then 8p a share div and share price of 60p

Is it me, but whenever I see trade prices with 4 or 5 decimal places during the day the more after hours trades there are!

Looks like big order being filled

What is our understanding of this?

Is it feed our processing plant with OUR ore from Telfer, Hav etc

or

Processes our Ore and offer out this service to other mining companies in the area? I don't see this as a major income stream, but would certainly help the bottom line.

If the later, are there any other projects in the area close to generating ore?

Keeps on rising to approach new high

https://www.mining.com/web/tariff-risk-unleashes-record-copper-shipments-bound-for-us-ports/

Yes, That's how I worked it out. Unless others can show a different outcome.

I think this is just amazing. before we had a 'little' Telfer to pay for the main prize of Hav development. We know have 2 long life mines running in parallel. My estimated earnings just doubled!

I know.

Shame you only had 3 wishes :-)