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13/06/25

11:28

Post #: 79420356
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Originally posted by Hydrogen1: ↑

It’s rather amusing that some people dismiss what Canaccord (29p) and now Argonaut (27p) say about Greatland, but seem happy to accept Canaccord’s analysis on Antipa. That’s pretty comical, to be honest. It’s a clear case of cognitive dissonance—and

I see it everywhere on this Antipa-focused site. It’s also great that many of you claim you don’t want GGP scrip—because whats incoming is 100% a cash raise instead. Hopefully well subscribed and notat a 60% discount.

My view? A PFS costs around $20 million, and a DFS a lot more. So let’s be real: how on earth is Havieron “8 years away”? Seriously? The decline is already more or less at the ore body. People really need to get more clued up on Greatland.

Telfer alone will produce for decades—becuase like Jundee— the mine is vast and the gold price environment radically different. The recent West Dome Deeps discovery is significant: it's the highest grade seen at Telfer, and it should lifts any marginal grade across the board.

Why? Because Telfer ore blends well with... Telfer ore. Unlike Minyari with its cobalt and silver content which is obviously very different metallurgy.

Let’s not ignore the materially improved gold and copper recoveries and the overall underground mining performance of Telfer under GGP’s ownership. These are operational realities—not speculative.

Also, remind me—how many permits does Minyari have? How many have even been applied for?

As for Havieron, the project timeline was impacted by the Newmont transaction, but GGP also took that time to make the DFS as impactful as possible—especially after the hatchet job that was the Newcrest-led PFS. Shaun Day even remarked that if someone at Northern Star had produced a PFS like that, they’d have been taken out back and... well, you get the picture

Suffice to say, I welcome the new DFS under Greatland's control. To be clear, Havieron is a dry mine, and the timeline hasn’t been delayed by more than 12 months. The delay made sense—to allow for the Telfer acquisition, the transition from Newcrest, and a clear focus on near-term cash flow from Telfer.

Let's not forget: Greatland is currently generating $2.7 million per day from Telfer. Some even say Havieron could be fully funded from that free cash flow. Time will tell. But at 400koz production scale, Greatland is already making waves. Personally, I wouldn’t bet against Shaun Day—or Havieron.

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Nobody in their right mind pays any attention to broker reports, least of all their valuations! Speaking as a geologist who spent 2 very informative years working for a major retail broker. The investment banking section invariably controls analytical research and they are only ever 'talking their own book'. Or playing 'me too..'.

AZY Price at posting: 79.3¢ Sentiment: Buy Disclosure: Held
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EOFY closing in!, page-27

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EOFY closing in!, page-27

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