For the longer term too.
I've been holding shares with GG for nearing 3 years but increased my holding since the acquisition was agreed.
Let's all be patient and give the GG team the opportunity to deliver.
Exciting times.
Our Expectations now we are a Tier 1 Miner
Re: Our Expectations now we are a Tier 1 Miner
Exciting times indeed.
When these Telfer tenements get signed over and the deal is done
GGP will be debt free and have approx. A$123 million of working capital
Newcrest/Newmont JV loan of US$52.4 million repaid
Wyloo loan of A$7.1 million repaid which was the o/s balance (including capitalized interest) under the A$50 million standby debt facility from Wyloo.
The US$100 million (deferred contingent loan) will not need to start getting paid from Havieron gold production until the second half of 2027, over 5 years capped at US$50 million in any one year
Telfer stockpile of ore said to contain 426,000 ounces of gold equivalent at an AISC of US$1454 per ounce which at todays gold price of US$2709 is a margin of approx US$1255 per ounce multiplied by 426,000 ounces is worth US$534,630,000 ( over five hundred and thirty four million US dollars).
Approximately A$500 million has already been spent on Havieron.
It is estimated another A$650 million needed to complete it and get it into production.
A syndicated debt facility has been set up with 3 of Australias largest banks ANZ, ING and HSBC for A$750 million to cover what is needed from this cost, supplemented by Telfer gold production.
Owning 8.6% of Antipa.
The Wilki farm in needs another A$5.4 million (A$10.6 already spent) of the A$16 million requirement for a 51% stake and JV with Antipa which can go to 75% if spending another A$44 million which is a lot of money that in my opinion could be better spent elsewhere.
A better Wilki alternative may be to do the JV 51%/49% with each company then contributing on a pro rata basis to ongoing expenditure.
Permission needs to be granted by Antipa for any JV with Greatland but I would be hopeful of this happening.
Newmont will be providing support for the first year and the tailings facilities are also guaranteed in the first 9 months for costs up toA$30 million.
All the acquisition costs of US$39.8 million will be paid.
ASX cross listing within next 6 months.
There is a clear path to Greatland Gold being a very successful company here, just waiting for these tenements to be signed over.
When these Telfer tenements get signed over and the deal is done
GGP will be debt free and have approx. A$123 million of working capital
Newcrest/Newmont JV loan of US$52.4 million repaid
Wyloo loan of A$7.1 million repaid which was the o/s balance (including capitalized interest) under the A$50 million standby debt facility from Wyloo.
The US$100 million (deferred contingent loan) will not need to start getting paid from Havieron gold production until the second half of 2027, over 5 years capped at US$50 million in any one year
Telfer stockpile of ore said to contain 426,000 ounces of gold equivalent at an AISC of US$1454 per ounce which at todays gold price of US$2709 is a margin of approx US$1255 per ounce multiplied by 426,000 ounces is worth US$534,630,000 ( over five hundred and thirty four million US dollars).
Approximately A$500 million has already been spent on Havieron.
It is estimated another A$650 million needed to complete it and get it into production.
A syndicated debt facility has been set up with 3 of Australias largest banks ANZ, ING and HSBC for A$750 million to cover what is needed from this cost, supplemented by Telfer gold production.
Owning 8.6% of Antipa.
The Wilki farm in needs another A$5.4 million (A$10.6 already spent) of the A$16 million requirement for a 51% stake and JV with Antipa which can go to 75% if spending another A$44 million which is a lot of money that in my opinion could be better spent elsewhere.
A better Wilki alternative may be to do the JV 51%/49% with each company then contributing on a pro rata basis to ongoing expenditure.
Permission needs to be granted by Antipa for any JV with Greatland but I would be hopeful of this happening.
Newmont will be providing support for the first year and the tailings facilities are also guaranteed in the first 9 months for costs up toA$30 million.
All the acquisition costs of US$39.8 million will be paid.
ASX cross listing within next 6 months.
There is a clear path to Greatland Gold being a very successful company here, just waiting for these tenements to be signed over.
Re: Our Expectations now we are a Tier 1 Miner
Hizer,
I think you are nearly there but think the repayment of the loans may be slightly higher than stated as time (and interest) stop for no man.
I was hoping for 3 announcements on the trot, now thinking it may be 1 December for completion.
I think you are nearly there but think the repayment of the loans may be slightly higher than stated as time (and interest) stop for no man.
I was hoping for 3 announcements on the trot, now thinking it may be 1 December for completion.
With GGP for the long term, for my Children, Grand Children and the Great Grand Children, put simply the Tribe
Re: Our Expectations now we are a Tier 1 Miner
Hi Rotherby
Let us hope the gold price continues upwards.
Another 100 US dollars per ounce would give US62 million more from the stockpile or another 93 million Australian dollars towards Havieron costs.
Let us hope the gold price continues upwards.
Another 100 US dollars per ounce would give US62 million more from the stockpile or another 93 million Australian dollars towards Havieron costs.
Re: Our Expectations now we are a Tier 1 Miner
Got calculation in last post wrong.
It would be nearer 63 million Australian dollars.
I counted it at 624 million ozs (I wish) instead of 426 million ozs.
It would be nearer 63 million Australian dollars.
I counted it at 624 million ozs (I wish) instead of 426 million ozs.
Re: Our Expectations now we are a Tier 1 Miner
Sorry thousand ounces, not million.
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Sargent Dome
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Re: Our Expectations now we are a Tier 1 Miner
Also Hizer that stockpile is being depleted and replaced with much lower grade ore everyday that passes without us getting the keys. Sure Bamps said roughly 30k tonnes as day it is going down by.
Re: Our Expectations now we are a Tier 1 Miner
I understand your frustration at the stockpile getting depleted, that goes for us all.
Let us hope that the deal is done soon.
What I posted earlier was facts and figures from the Aim Admission Document which sounded great if it was to work out that way.
At the time of posting I did not think too much about the variables, but in on ongoing operation where a third party is involved with paperwork and waiting for its completion it is out of our hands.
Newmont has been a good JV partner (compared to Newcrest) who have taken a substantial stake in Greatland and promised support.
The syndicated banks debt facility runs at least till end of 2030 with A$650 million of it till the end of 2032.
Gold has gone up by at least US$500 dollars per ounce since the deal was struck around March (US$2200 then/ US$2700 now).
I hope Greatland finds lots more good grade gold at Telfer until the Havieron ore is able to be processed.
Let us hope that the deal is done soon.
What I posted earlier was facts and figures from the Aim Admission Document which sounded great if it was to work out that way.
At the time of posting I did not think too much about the variables, but in on ongoing operation where a third party is involved with paperwork and waiting for its completion it is out of our hands.
Newmont has been a good JV partner (compared to Newcrest) who have taken a substantial stake in Greatland and promised support.
The syndicated banks debt facility runs at least till end of 2030 with A$650 million of it till the end of 2032.
Gold has gone up by at least US$500 dollars per ounce since the deal was struck around March (US$2200 then/ US$2700 now).
I hope Greatland finds lots more good grade gold at Telfer until the Havieron ore is able to be processed.
Re: Our Expectations now we are a Tier 1 Miner
Shaun’s Sunday Roast yesterday was very clear. They reckon there is 426,000 ounces of gold and copper combined at Telfer to see us through the next 15 months at least (equates to $426m free cash flow if gold price exceeds our AISC by $1,000). Then there is everything else that is there to be discovered at places like the West Dome Pits (that Bamps is very excited about) before we turn on the taps at Havieron for 20 years plus of gold and copper where the reserves are initially 5 times better than Telfer currently. This all information discussed in the Sunday Roast, so for God’s sake Sargent Dome what the hell are you going on about in Newmont so called depleting our stocks until the deal is done?? Get some perspective and realise that Newmont are doing ALL the right things in making sure they are handing over Telfer in pristine condition and stop trying to sow negatives in your posts - do some proper research first and then tell me that Newmont are answerable for depleting Telfer stocks!!! Jeez!!!
Redirons
Re: Our Expectations now we are a Tier 1 Miner
Not just that, but a hope that we can run debt free, except for a bit of working capital.
I hope we can run using very little of the bank facility for Telfer and Havieron, if that turns out to be the case then we can fund any acquisitions that allow Greatland to grow substantially in value.
Once we our teams have fully understood the Telfer/Havieron Package the path will be open to expand on the other assets in the Paterson either by JV or outright ownership.
I hope we can run using very little of the bank facility for Telfer and Havieron, if that turns out to be the case then we can fund any acquisitions that allow Greatland to grow substantially in value.
Once we our teams have fully understood the Telfer/Havieron Package the path will be open to expand on the other assets in the Paterson either by JV or outright ownership.
With GGP for the long term, for my Children, Grand Children and the Great Grand Children, put simply the Tribe
Re: Our Expectations now we are a Tier 1 Miner
This concern about ‘depleting telfer’s stockpile’… well until handover date isn’t it Newmont’s stockpile to deplete?
They must have some agreement regarding that; they have stopped train 2 full stop (no issues, it’s perfectly capable of running) and train 1 is processing at about 2/3rds capacity.
Given each train can mill about 2000 tonnes an hour, then 30kt is less than a third of capacity. I’m sure we don’t expect Newmont to shut up shop and still pay the wages and bills until the handover date? I’d hardly grudge them a break even amount after the losses they’ve incurred in the last 10 months since the tails dam issue made itself known, and the amount of money they’ve spent on works that couldn’t be carried out during normal operation without an extended shutdown where not one ounce of gold would be produced should speak to the efforts they’ve made for the plant to be in as good a shape as it could possibly be under the circumstances.
Cut them a bit of slack.
They must have some agreement regarding that; they have stopped train 2 full stop (no issues, it’s perfectly capable of running) and train 1 is processing at about 2/3rds capacity.
Given each train can mill about 2000 tonnes an hour, then 30kt is less than a third of capacity. I’m sure we don’t expect Newmont to shut up shop and still pay the wages and bills until the handover date? I’d hardly grudge them a break even amount after the losses they’ve incurred in the last 10 months since the tails dam issue made itself known, and the amount of money they’ve spent on works that couldn’t be carried out during normal operation without an extended shutdown where not one ounce of gold would be produced should speak to the efforts they’ve made for the plant to be in as good a shape as it could possibly be under the circumstances.
Cut them a bit of slack.
Re: Our Expectations now we are a Tier 1 Miner
Shaun is steering the ship not us armchair experts, give him time and trust.
He and his team have vast experience in successful gold mining companies, I do not.
Havieron shows great potential, the financing for it is in place and the people with the necessary knowledge to bring it in likewise.
I've bought more shares this week and I am happy to patiently follow the roadmap to 2027 production then delivering gold.
He and his team have vast experience in successful gold mining companies, I do not.
Havieron shows great potential, the financing for it is in place and the people with the necessary knowledge to bring it in likewise.
I've bought more shares this week and I am happy to patiently follow the roadmap to 2027 production then delivering gold.