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IMHO, anything is possible going forwards!

Any company who's stated pro, or anti, Telfer/Havieron, in the past, is still fair game for putting in a bid!

There's absolutely nothing, whatsoever, right NOW, to think anything different!

There's a whole load of cards being played close to the chest here!

What's more, IMHO, one of the major beneficiaries will be, yes, us, GGP!

DYOR & GLA!

Not me, so clearly not "everyone" a word, sadly, and increasingly used today, when it's clearly not the case. It's not bad at all, IMHO. Infact this was the scenario that many were expecting anyway, and we couldn't be better set up to handle it than we are now, with an amazing (overqulified some say) BOD.

As Shaun Day said in one of the 'Sunday Roast' podcasts a few months ago, that if Newmont chose to divest Telfer/Havieron as part of their $2 billion of divestments plan, it would be an "amazing opportunity." He also noted that, "shareholders should have confidence that there is a team and BOD built to do that and some of the shareholders such as the largest Wyloo Metals give the strategic capability to do that as well."

Anyone who questioned in the past the amazing BOD that we have now. will maybe understand now. We couldn't really ask for a better group of industry, financial & legal experts to have on board right now!

I don't know where this mention of job contracts ending in June has come from. Many in the past have been fixed term contracts, and there were some last year, which ended in June, but, to my knowledge, all of the job oppertunities offered at the end of last year, and this year so far, have been Permanent/Full time.

"Newmont Corporation has announced it will divest six of its non-sore assets, including its Telfer goldmine in the Pilbara, with Andrew Forrest-backed Greatland Gold the likely buyer..."

https://www.businessnews.com.au/article/Newmont-puts-Telfer-up-for-sale

Sprott (see note below) class Havieron as a Tier 1 asset, as a lot of other people do too. It just doesn't (currently) fit into Newmont's classification of Tier 1.

And, absolutely, a good Au/Cu hit at Red Setter would definitely be of massive interest to any party(s) taking over Telfer.

NEM-CN / GGP-GB: Confirmed list of non-core assets they are willing to sell post NCM acquisition: 4 Canadian mines Éléonore, Musselwhite, Coffee and Porcupine, 2 US mines Cripple Creek & Victor, the Akyem mine in Ghana and Australia’s Telfer/Havieron mine & mill (great news for Greatland Gold) – recall Greatland owns 30% of Havieron and have aspirations to own 100%. It’s a tier 1 asset that should start ~200koz, and can expand to 600koz, with bottom quartile OPEX, first ore late ’24 or early ’25. This is the ex Northern Star team and has deep pocket backers.

Pretty incredible Newmont made only made US$88m in FCF in 2023 on 5.5moz Au of production.

With thanks to Hydrogen on 'the other' site:

NEM-CN / GGP-GB: Confirmed list of non-core assets they are willing to sell post NCM acquisition: 4 Canadian mines Éléonore, Musselwhite, Coffee and Porcupine, 2 US mines Cripple Creek & Victor, the Akyem mine in Ghana and Australia’s Telfer/Havieron mine & mill (great news for Greatland Gold) – recall Greatland owns 30% of Havieron and have aspirations to own 100%. It’s a tier 1 asset that should start ~200koz, and can expand to 600koz, with bottom quartile OPEX, first ore late ’24 or early ’25. This is the ex Northern Star team and has deep pocket backers.

Pretty incredible Newmont made only made US$88m in FCF in 2023 on 5.5moz Au of production.

Newmont, the world’s top gold producer, will seek to sell six mines and two projects in a set of divestitures aimed at generating $US2 billion ($3.05 billion) in cash.

The Denver-based company said Thursday (Friday AEDT) it intends to divest three Canadian gold mines — Éléonore, Musselwhite and Porcupine — along with Cripple Creek & Victor in the US, Akyem in Ghana and Australia’s Telfer mine.

It also plans to sell two “non-core” projects, Havieron in Telfer, Western Australia and Coffee Gold in Canada. Havieron was acquired when Newmont bought Newcrest Mining....

....In an interview, chief executive officer Tom Palmer said the mines being divested do not meet the company’s criteria of “Tier 1” assets.

“We have a number of Tier 2 assets that are very good assets, run by very good people, but that don’t make our Tier 1 category,” Palmer said.

The company has already begun receiving interest from potential buyers, Palmer said.

https://www.afr.com/markets/commodities/newmont-puts-telfer-havieron-mines-in-wa-up-for-sale-20240223-p5f77h

"Sites acquired through the Newcrest transaction. Copper resources at sites acquired through the Newcrest transaction were estimated at a copper price of $3.40 per pound, with the exception of Havieron, for which copper resources were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions."

Interesting point in the Newmont MRE update:

"Gold resources at sites acquired through the Newcrest transaction were estimated at a gold price of $1,400 per ounce, with the exception of Havieron and Lihir, for which gold resources were estimated using Newmont's price assumptions, and certain legacy estimates, which have applied older, more conservative price assumptions."

Https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-Balanced-Capital-Allocation-Strategy-and-Return-of-Capital-Framework-Supported-by-Portfolio-of-Tier-1-Operations-and-Projects/default.aspx

Https://s24.q4cdn.com/382246808/files/doc_earnings/2023/q4/presentation/Newmont-Q4-2023-Earnings-Presentation_Final.pdf

"...If equally you know they may decide they are going to do some divestments, and if they did choose to do that I think we want to present ourselves and I think hopefully successfully so as a really credible counterparty and that has been around building a team and a board to transact with Newmont but also the financial credibility particularly delivered by having Wyloo as a strategic holder and the slow process of increasing the institutional holding in our share register - and of course we also hold the last right of refusal across the asset itself so I think there's plenty of opportunity there. I think all are good outcomes. I think Newmont will be decisive but the development importantly of Havieron will continue unimpeded regardless of whether it's Newcrest Newmont or Greatland or what combination there is of these groups - it's a tremendous asset and I think it will continue to process forward but there's option value around that for now."

"...I think I talked earlier in in this Q&A around we want to you know present ourselves as a credible counterparty whether that be as part of a joint venture with Newmont to optimize the Havieron Telfer development or if they chose to exit

being a credible counterparty from a team from a financial and of course within the structure of the joint venture itself, so look we think we cover both bases and we think we've been mindful of that over the last couple of years as we've built out the Greatland platform."

PS. Thanks to Dip! Again!

Just thought I'd remind everyone of Callum Baxter's view on Newmont/Telfer/Havieron from his interview with Liam for GGPHelp a year ago:

"Now if Newmont, Newmont, hang on, want to hang onto Telfer and the Paterson assets, that's fantastic. And potentially they want to buy Greatland’s or Greatland’s portion of Havieron in that process. So that's a win for Greatland.

Alternatively, if Newcrest sorry, if Newmont don't want to pursue the Paterson assets and that's an unlikely scenario, but nonetheless I'd say Greatland would throw its hat in the ring to try and purchase those assets.

Well, a scenario is that Greenland would purchase those assets from Newmont and Telfer would become a central processing hub for Greatland and it would make Greatland a mid-tier gold and copper producer. So, a much larger entity which is again a win for Greatland. So really for Greenland, the scenario at the moment is win win."

I'm sure that the BOD would have discussed this scenario ad infinitum over the past many months, as well as current partners and, possibly, potential new partners. Onwards & upwards, IMHO!

Back up to $2030 so far today!

Personally, I'm hoping, indeed, I believe, realistically too, for a perfect alignment later this year, with a record POG, and positive Greatland Gold/Newmont/Havieron/Telfer news.

What's more, also, to be absolutely honest, I'd just love the shorters to lose their shirts!

The shorters must be getting increasingly nervous now, as yet another factor they've played on has been resolved positively. A lot more sp catalysts imminent now, and incrteasingly compressed too!

Indeed! However, it looks like someone's accumulating, and lapping up the sells, with some punters maybe believing that this was another WSBN pump & dump. It's not looking that way to me, IMHO.

Up 20% @ 1.50p on Aquis...