Hi borolad, Re the Chadwick statement, you are right as far as I can recall. The drift shafts were ruled out by the miners safety board due to the time and distance for recovering personnel from any incident. Chadwick clearly doesn't listen!
Have to laugh at rangersraver. SXX/YO have no polyhalite!!! I'm sure he means they have delayed access to their worlds largest proven reserve!
Hi 5Orrell, Thanks for the links, I spent an hour or so looking through the scoping link last night. Reading through it at that point there was still a bit of work to be done but its obvious efforts were being made to discuss topics and issues. A couple of things caught my eye.
6.1 page 35 Using the Whitby Enclave mine head site would mean locating an intermediate MTS site within European-Protected Designated Land. I'm sure we all know that upsetting our European friends is best avoided where possible. IMO,this has got work in the favour of Doves Nest.
CONSULTEES RESPONSES. I note from the list of consultees which can be taken from a number of scoping consultation responses that there was in fact a mail to the M.O.D. Unfortunately there seems to be no response from the M.O.D. included. For background see my posts 23,24,25, August. I know I appear to be banging a drum about this one, but I wont be happy till I see an official response from M.O.D. Fylingdales.
Tom Chadwicks statement. "If a tunnel such as that proposed for the M.T.S can be constructed to take the mined minerals out to Teeside it must be feasible to locate the access shafts for the mineral outside the National Park" Although for some reason there is only part of the letter from the NYMA this final quote does leave the mans sensability open to question. I would hate to be a volunteer worker on the moors having had a serious accident and expected to not take the shortest route to help or safety. I would also be annoyed if a guy who made statements like that had any involvement in the budgetry control of any business including a charitable based one. In the real business world because of a statement like that he would probably politely be asked to resign before he is sacked. Its the equivilent of "Doing a Ratner". All in my own opinion of course.
From the guy with the noisy phone during CF's presentation. Yes I Know.......it was my own Ratner moment.
PS to read my earlier MOD August mails click on "borolad" to the left of this post.
Post successful PP there will be cash needed for the planned immediate construction start. that coming from debt markets I doubt can be lined up in time to cover that.
But I anticipate the co have a few sources ready from third parties to either lend, take a chunk or defer invoicing (if a subcon) so as to get the show on the road and minimise further dilution from new issue.
To have any chance with getting these early offers, not only PP but a thorough and convincing DFS has to be produced. This is primarily for the debt markets who will decide if this project's feasibility is 'bankable'. They will have to stump up the majority of that ~$2.5bn Capex (take your pick with that figure from yesterday's PA press releases). Those making early build start cash offers will then be much more comfortable.
If the DFS is not accepted as bankable it all falls apart. If it is, people with bulging suitcases will be queuing at DN.
A $2.5bn investment to access what? A 2.7bnt resource where likely 1/3rd to a 1/2 can then be mined and sold for $150/t, with costs only 1/5th of that - just show its buildable then do the math.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.