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Bertie “Have a look at the costs Golden Cross Resources put on their 3mtpa processing plane for gold and copper ??
It’s not £6m and it was on the back of a wagon .”
You should post a relevant link so we know what to read. Since you’ve done the research already sharing would have taken minutes.
He’s pretty much tied to the majority owner, if it turns out to be other than Greatland. Can’t see there’s be. dissent between partners on operations.
Thanks Bamps (and Ace) - would’ve been surprised if Shaun was not aware. Not sure who Bertiesboy is but Shaun is the master of keeping all his options open, so I am reassured that we have many strings to our bow!!
From The Australian today, was behind paywall so haven’t posted link.
“Canadian advisory firm BMO is now signing up bidders for the sale of Newmont’s North American mining assets, so they can receive confidential documents to enter the data room.”
Update news on Australian assets divestment progress soon hopefully.
I totally get that modern house builders use onsite silos that are portable and they use bunded portable oil tanks .
That doesn’t mean that a hard rock mine that wants to produce circa 400,000 ounces of gold and copper eq will be able to do it with a plant on the back of a wagon .
Going back to my Gold rush example . We will produce 60 times more in Gold eq which includes thousands of tons of copper concentrate .
It’s just not going to happen . That is not to stay they can’t build a smaller plant at Haviron but personally I don’t think it’s ever going to happen.
They will buy both sites and produce at Telfer .
Have a go all you like mate but you are on the wrong track with this one.
No further correspondence entered into.
That £6m is what JLP are forecasting, each ore is different.
All these modules are portable some will come on skids. Most modern oil tanks and cement silos are all portable .
Telfer is a big old ancient plant built over many years, so won’t be as efficient as new tech.
Havieron only needs 3mt to get around 400k ounces a year, it’s a high grade mine it doesn’t need most of the Telfer plant.
Ace it was in Aus too at copper hill so maybe you know it .😳😁
So do you lol
Some people have been watching too many episodes of Gold Rush 😁.
The picture of Shaun pouring a jar of gold onto the scale while mark and Elizabeth call out the weight is very appealing though .
The last time I watched he was hoping to do 7000oz in a season we are hoping to do 350,000 to 450,000 and separate copper too .
Have a look at the costs Golden Cross Resources put on their 3mtpa processing plane for gold and copper ??
It’s not £6m and it was on the back of a wagon .
Hi Red
Shaun did tell us in London that transporting that amount of ore to Telfer over the life of the mine is not sustainable and a more efficient smaller plant would be his goal in the long term.
Red - yes it is safe.
Bamps - I think bertie is the "delusional" one.
Hey Bamps - I suppose it is safe to assume that Shaun knows all about these alternatives at his disposal? Thanks.
You need to do some research before posting
You have learnt well grasshopper 😁
As I am an expert at reading those candles
It was only fitting that I corrected the master
Anyone who believes the processing plant for havieron is able to be pulled behind a wagon is delusional.
To put things in perspective TSF 7 which we are discussing held 165 million cubic metres in 2022 was 150ft tall (14 storey building) and at its base was 8 km in circumference.
Hi Speedie , Liam
Gaining Telfer is the big prize but it is possible to site equipment at Havieron.
Here is a section of what JLP are up to
“The copper Waste Rock Project scope targets the processing of in excess of 260 million tonnes of copper containing surface material. The project targets to initially implement four modular processing plants holding a combined processing capacity of 2.4 million tonnes per annum capable of producing more than 20,000 tonnes of copper in concentrates per annum, commencing in Q2 CY24 of which 30% will be attributable to Jubilee.
The copper modular processing units are similar in design to the Roan plant upgrade which seeks to upgrade the surface material to a copper concentrate which can be further refined to metal. The initial capital investment for the project is estimated at US$50 million.”
That’s for 260m tons so way bigger than our starter mine and there’s 4 modules for that, so Havieron plant could be done as and when required.
Telfer air strip camp and power stations could be sold separately as a going concern.
Solar and wind will progressively reduce the need for the power station.
Plus Havieron still needs the tailings for the paste fill, so that’s a saleable project
Great find.
How could we keep the existing infrastructure (landing strip, accommodation, canteens etc) at Telfer and transport the people to Hav rather than the earth to Telfer, surely that would be cheaper and more environmentally friendly.
Whatever on that. Ggp repeatedly say at the bottom of RNSs, ‘Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer would de-risk the development and reduces capital expenditure.’
Hi Hinukami. With Master RSI and his "candles" you with your "wicks" and a contribution by Read the Candles, are we expecting a power cut? ATB Speedy
Hi All. Just read Bellars last post. Thought it was too good to be true. ATB Speedy
Hi Bellars/Bamps. That info has just blown Newmont out of the water, as far as GGP is concerned. I should imagine the finished plant would cost considerably more to site and get operational. Any ideas on additional costs? ATB Speedy
It was an erroneous trade. Just a guy who put the wrong ticker and price in, happens alot
Bamps, I just had another look. The mega miner 2000 tph isn’t shown(MEGAMINER® Stationary and Semi-Stationary processing plants, capacity range of 10-2,000 TPH (solids)), but the trailer one is only 200 tons per hour. However, 200 tons an hour from the back of a mobile plant is moving some spoil. I suppose you could run several until the proper plant could be set up and sorted.
SD has made it very clear that debt is his preferred option. Plenty of money out there to lend to an up & coming miner with a 100% of a very very large gold/copper deposit.