Member Info for TimberTrader

Hi Bamps, Thanks, and as I've said for many months now, I believe the updated MRE figure will be in the region 9-10moz equivalent.

When you say, and have said before, many times, "At this stage 9moz is irrelevant to the mining plan.", IMHO, it's still highly important though for current & new GGP investors and for the sp. That's what most investors are looking at now, again, IMHO, and what is a very important growth catalyst for the sp going forwards.

@ jkeith.webster, Sure! I have no issue with that, but my point is that a lot of people, without the knowledge of the well researched on here, will maybe be confused by some of the posts. That's all.

Surely people understand the difference between the next Havieron MRE update, and the Havieron total?!

So, why, yet again, do we seem to continually cause confusion for any new potential investors in GGP between the next, imminent, Havieron, MRE update, and the total expected?!

IMHO, I expect the next updated Havieron MRE to be around 9-10moz gold equivalent, but why confuse this with other forecasts that others will not understand?!

Https://www.google.com/maps/place/Newcrest+Mining+-+Havieron/@-21.7272542,122.6264679,1197m/data=!3m1!1e3!4m6!3m5!1s0x2b84c13f91085da3:0x2ce495e275b381cc!8m2!3d-21.7212753!4d122.6555403!16s%2Fg%2F11j10p2c9_?entry=ttu

Just awaiting the last Scallywag drilling results, which should be expected in the next week, or so.

Ring a bell?! Clearly not us, as it's the ASX, but....

"Two lithium miners and a gold producer — with a combined market value of around $13.6 billion and all headquartered in Perth — were three of the top four most shorted stocks on the Australian Securities Exchange by the beginning of this month...."

https://thewest.com.au/business/mining/major-wa-based-miners-take-the-unwanted-mantle-of-being-three-of-the-top-four-most-shorted-stocks-on-the-asx-c-12480585

They are...

https://www.marketindex.com.au/news/short-selling-shorters-continue-to-pile-into-pilbara-minerals-and-syrah

Https://www.miningweekly.com/article/harmony-gold-excited-to-be-working-with-worlds-largest-gold-mining-company-in-png-2023-11-09

As for Wafi-Golpu, of course Harmony Gold are keen for the relationship to continue with Newmont Mining.

BUT, “As it relates to the permitting of Wafi-Golpu, nothing has changed and we now look forward to working with Newmont to ensure that this project is brought to fruition, creating value for all stakeholders."

How long is this going to take? The delay in the granting of the licence with the PNG government regulators has gone on for years now with Newcrest, so will this suddenly change? I doubt it.

That's why, as I've also said for years now, unlike Wafi-Golpu, it's so important for the Havieron, as a major growth project for Newcrest (now Newmont), in the best jurisdiction in the world for mining!

In Q2’23 the gold miners’ global average all-in sustaining cost (AISC) continued to climb, rising to US$1,315/oz. This represents an increase of 1% q/q and 6% y/y, maintaining the overall upward trend which began in Q1’21. There were some distinct regional variations in AISC in Q2’23. Europe recorded the largest increase in average AISC for the quarter, up 11% q/q to US$1.167/oz. In North America average AISC rose by 3% q/q to US$1,523/oz, while in Oceania the average AISC fell by 3% q/q to US$1,139/oz.

https://www.gold.org/goldhub/gold-focus/2023/11/gold-miners-aisc-still-rising-slower-pace

The AISC in Australia, but specifically in the newly aquired Newcrest assets there, is clearly a major factor in Tom Palmer's decision making over the next few months.

As the likes of Seeking Alpha's research has ststed recently:

"...So, while the price paid may look steep, it's hard to put a price on multiple assets with what look to be at least 25 year mine lives (Cadia, Havieron, Red Chris, Wafi Golpu) with all-in sustaining costs coming in between [-] $100/oz and ~$800/oz, miles below the current industry average. ..."

"...So, while we will see lower costs immediately for Newmont if the Newcrest deal is approved, the medium-term and long-term benefits are also significant, with low-cost projects like Havieron (70%) and Red Chris Block Cave (70%) paving a path towards sub $1,000/oz AISC and the potential for even lower AISC if Wafi-Golpu (50%) is developed (another asset that's expected to have negative AISC)..."

The F lynn Gold SP closed up 48% today after an ASX price query. It closed @ A$0.09, having hit A$0.11 during trading today. This appears to be maybe linked the recent Li-Au drilling at their Lake Johnson site, in close proximity to TG Metals Li drilling.

So it's now pretty much back to the price at which we received 2,000,000 shares (@ A$0.10) back in June for the initial consideration of A$200,000 for our divestment of our Firetower and Warrentinna tenements in Tasmania....

https://wcsecure.weblink.com.au/pdf/FG1/02737969.pdf

Oh dear! Let's just beg to differ Culpepper, because you clearly have an issue with anyone that disagree's with your views.

@ Culpepper, "Probably a few like you who do their picky best."

What's that all about? Can't I post my view without that sort of derogatory post?

IMHO, Shaun Day is keeping them sweet, as I would. He's already stated that the senior J/V partner will need to peer review any Havieron updated MRE, which would be the correct path to take now. I personally don't see any 'pushing' from Shaun Day and the GGP BOD, whatsoever.

Sure, in your opinion, but that's not fact?! IMHO, I disagree with that view.

Sorry Culpepper, but I'm sure, as an intelligent person, you know very well that a 'reasonable conclusion' is not fact, as you appear to have posted your comment.

@ Chuffchuff, Many thanks for that input on the Fidelity platform.

I hold ISA's in both ii & Fidelity, heavily invested in GGP, so that's a great help!

Cheers! TT

Really? Where did you hear that one Culpepper?

The number of votes cast were also all just over 1,430,000,000 for each.

@ Rotherby1, "It would be interesting if all PI from the different boards vote against 9 and 10 we could see how powerful we are as PI's"

Just for information, the same questions were asked last year, and were approved by over 99% of shareholders who voted.

1 ACCEPT FINANCIAL STATEMENTS AND STATUTORY REPORTS (A response to this proposal is mandatory)

2 ELECT MARK BARNABA AS DIRECTOR (A response to this proposal is mandatory)

3 ELECT ELIZABETH GAINES AS DIRECTOR (A response to this proposal is mandatory)

4 ELECT YASMIN BROUGHTON AS DIRECTOR (A response to this proposal is mandatory)

5 RE-ELECT SHAUN DAY AS DIRECTOR (A response to this proposal is mandatory)

6 REAPPOINT PKF LITTLEJOHN LLP AS AUDITORS (A response to this proposal is mandatory)

7 AUTHORISE BOARD TO FIX REMUNERATION OF AUDITORS (A response to this proposal is mandatory)

8 AUTHORISE ISSUE OF EQUITY (A response to this proposal is mandatory)

9 AUTHORISE ISSUE OF EQUITY WITHOUT PRE-EMPTIVE RIGHTS (A response to this proposal is mandatory)

10 AUTHORISE ISSUE OF EQUITY WITHOUT PRE-EMPTIVE RIGHTS IN CONNECTION WITH AN ACQUISITION OR OTHER CAPITAL INVESTMENT (A response to this proposal is mandatory)