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Indeed! In fact we could see the Telfer JORC Resource report any time now, as it's scheduled for "later this quarter", as stated by Shaun Day recently, so within the next 4 weeks or so.

'Optionality' is now one of our biggest positives now, as a growing company, and the options are increasingly wide!

Shaun Day has stated this ever since our Telfer/Havieron takeover. The choices are now large, and, as in any business, they can change over time, sometimes even short term.

What I can't understand, well maybe I do now, after years on this BB, is that the usual de-rampers are completely & utterly clueless about this, or indeed anything about 'optionality'. They just want to pick on absolutely anything, whatsoever, that, with their limited understanding of business, that they can come up with as a negative!

Whatever we do, I'm more than happy to leave it in the hands of Shaun Day and the rest of the growing team of experts he's putting together, rather than listen to the nonsense from those that have absolutely no comprehension, whatsoever, about what we now have as shareholders, and the options available, both now, and in the future!

Unbelievable! How much more subtle, and not so subtle de-ramping, do we need to put up with from these usual suspects, who'll tag on to the most miniscule of posts on this forum, to immediately push their agenda?!

I've never 'binned' anyone in all my years on this forum, but, sadly, Freddie could now well be the first!

I hope you're correct Pete, but, to be honest, I generally take absolutely no notice of any posts on any share forums, unless they're backed up by facts. Do you care to tell us how you profess to know about this? If not, I'll just ignore.

That said, it's good to read about another hit in Namibia, which, hopefully, will add value to any potential J/V. I just hope that we have company negotiator(s) who actually know how to negotiate for the best returns!

My main interest is in Juno, and our J/V there with Callum Baxter. These are all high risk investments, for sure, but, that all said, even if just one comes off over the next few weeks/months as showing increasing potential, from facts, then we could see massive increases in the sp in a very short time, largely based on the very limited free float.

As for further placings, sure, there will be more, that's patently bloody obvious, as this is largely a 'hand to mouth' company at this time, in terms of cash requirements, for both projects. However, I can't see any immediate call for funds at this time. GLA

Hi Tom, "I know its now a waiting game but is it not worth continuing the works or is it only on hold until further assessed and is there a more deeper problem."

I doubt that anyone can answer that apart from Shaun Day and the BOD, and personally I see no point in guessing, as they have all of the information required to make decisions in the best interest of the company.

Hi Neil, 'Care & Maintenance' is just a term used throughout any global production operation for purely keeping it in good condition and well maintained until it goes back into operation. That's exactly where we are at Havieron, until we decide on the best path to take, based, as Selangore states, on the upcoming Feasibility Study.

Thanks to Stuart Hinds. Byrnecut have updated their Telfer webpage. Interesting comments on the use of new technology trials, which may also be useful at Havieron going forwards...

"The Telfer contract is one of Byrnecut’s largest operations, expanded with the addition of the Western Flanks orebodies.

Byrnecut undertake all underground mining activity on the site; from large scale sub-level caving operations to smaller narrow vein high grade reef stopes. The mine has made extensive use in the past of autonomously operated loaders tipping into ore- passes, with chute loaded trucks hauling material on a consolidated haulage level to the main crushing station. Ore is then hauled to surface by shaft. As the mine progresses deeper, below the crushing station, the mine is transitioning to conventional loader to truck haulage operations. Telfer is one of Byrnecut's proving grounds for new technology, with automated jumbos and remote long hole drills successfully trialled and commissioned.

Byrnecut also completed the 1,100m 7.5m diameter concrete lined haulage shaft under a separate contract."

https://www.byrnecut.com/projects/oceania/australia/telfer/

Some interesting, and not surprising comments, which many are making, this time from Konwave Multi Partner in their latest factsheet for their Gold Equity Fund, which holds 88,187,000 shares in Greatland Gold:

"As of January 31st, 2025, gold bullion closed at USD 2,798.41/oz., an increase of 6.6% in the reporting month. The Konwave Gold Equity increased by 10.5%, while the FTSE Gold Mines Index gained 17.2%. The fund underperformed in January as small caps, including explorer/developer lagged substantially. The behaviour is very typical for the beginning of major upward trends, which have likely started in early 2025.

Gold continues to make all-time highs, while investors still negate this new structural bull market, which started in March 2024. Gold miners even suffered outflows (GDX outstanding units hitting another 6 year low in January amid major outflows!). The fact that gold miners have substantially higher FCF yield than the S&P 500 and more and more signs that the AI hype is ending (Nvidia down >10% in January) will facilitate the rotation back into this undervalued and underowned theme. Earnings revisions will likely continue to rise steeply, as consensus gold price forecast are lagging the gold price substantially. Gold miners trading at spot gold at about 0.75 NAV, vs. the average bull market valuation of 1.8x (2001-2011), showing the significant rerating potential once investor interest is coming back into gold and gold miners, which we expect to happen during 2025.

The production and cost guidance season for 2025 - a major reason for the underperformance of gold miners vs. gold since the October 2024 (guidance warning from Newmont) - is well advanced and should now be fully discounted. This should allow gold miners to regain their traditional leverage against gold (similar to March to October 2024, where the Konwave Gold funds nearly doubled amid rising gold prices)."

https://www.konwave.ch/products/overview-funds/konwave-sustainable-gold-fund-factsheet/?lang=en

Hi MH01 It's my understanding that Firetrail Investments Pty Limited own 740,362,721 shares in GGP, which is 5.66% of our issued shares. I don't know where Morningstar get that figure from. The Greatland Gold 'share information' on our website shows that number, as does the last Bloomberg terminal view I saw a few weeks ago. TT

"Greatland Gold (+18%) gained on key milestones.

UK listed Australian gold producer Greatland Gold rose 18% after releasing a very positive first production report for the recently acquired and restarted Telfer mine. Gold and copper production and recovery exceeded expectations, as did cash on hand. Importantly, these production levels allayed concerns around technical risks associated with restarting the mine. Greatland also continued to benefit from a rising gold price and should benefit from listing on the ASX slated for Q2. We note that only a few Australian funds that can invest offshore have disclosed substantial positions. We would expect more buying post ASX listing, given the company’s size, quality and management experience."

https://report.pengana.com/high-conviction-equities-fund/monthly-31-01-2025-penhct/

"Making Telfer Great Again"

Loved it!

The gold price has just breached last Thursdays USD 2955...

https://www.tradingview.com/chart/?symbol=OANDA%3AXAUUSD

As many know, I've been here for many years now. Yes, I got into investing in GGP very early, well under 1p, and have stayed, and topped up for years too, when it's been patently bloody obvious to do so. Many have subsequently left, but I still just enjoy the research, and, usually, try to provide a service to the board.

As is always, and will always be the case, new investors come in, as we build a small company, into a massive company, under the leadership of our CEO, which I have no doubt we'll see.

That always brings in the usual suspect de-rampers, and their mates, often just under, yet another posting 'name'.

So, what I'm saying, is that we've seen it all before, and nothing changes, BUT, the intelligent investor, again, IMHO, sees through all of the increasing nonsense, and the increasing, pointless, de-rampers, both subtle & unsubtle, and often paid for, with an agenda, increasingly seen on these BB's, and can thankfully, clearly see, through the nonsense, where some investments are ridiculously underpriced!

GLA & DYOR!

With thanks to Stuart Hinds on X

https://pbs.twimg.com/media/GkVIbjhWkAEZM9j?format=jpg&name=medium

"....Gold miners have lagged the metal’s price rise, as they have faced higher costs even as sales have been boosted. But there are some bargains still out there to grab before the record gold price hits bottom lines. The largest London operator after the Russian exodus is Endeavour Mining (EDV), which is rated far below other 1mn-ounce-plus miners because of its sacking of former boss Sebastien de Montessus last year. Its EV/Ebitda (enterprise value against cash profits) valuation is less than half that of top North American performer Agnico Eagle (US:AEM) and its also cheaper than Barrick Gold (US:GOLD).

On the small cap side, Caledonia Mining (CMCL) is cheap and has good prospects, even if costs are rising at its mine this year, as is Greatland Gold (GGP). The latter has only just taken over a former Newmont (US:NEM) mine that has turned it cash generative, so could climb further after recent gains. Elsewhere, Hochschild Mining (HOC) has been on a golden run but is still trading on a very low valuation..."

https://www.investorschronicle.co.uk/content/ad4ff76b-7104-5754-8e64-cf1b3853a29d

"Greatland Gold (GGP) has announced results from its maiden underground drilling campaign at the West Dome Underground target at its Telfer mine in Australia and that these validate the exciting opportunity identified for the target during its acquisition due diligence. Further good news from this November tip already up from a 7.3p offer price then."

greatland gold – “exceptional” drilling results from a maiden underground drilling campaign, buy

https://*************.com/views/79086/greatland-gold-exceptional-drilling-results-from-a-maiden-underground-drilling-campaign-buy

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has shared positive exploration results from its West Dome underground project at the Telfer gold-copper operation in Western Australia. CEO Shaun Day says high-grade gold intercepts, including over 19 grams per tonne, could help extend the mine's life using existing infrastructure.

https://www.youtube.com/watch?v=xC3uEp3YSB4

Https://i.dailymail.co.uk/i/pix/2015/04/24/17/27F32E6C00000578-0-image-m-170_1429891915503.jpg

Cautiously, IMHO, the base, for now anyway, has been set. I bought back in to some @ 0.1374 on Wednesday. It's high risk, for sure, but, like anything else in investment terms, you pays your money and takes your choice. DYOR