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Hi Freddie. He also omitted asking how long is Southend pier, i for one am gutted. ATB Speedy
No point in asking sd anything at mo , he is being told what to say by newmont ! And he had the opportunity to ask callum and he chose not to , why???
Hi MH01. Good to see someone poking their head above the parapet.
When gold enters the mania stage (800% up from here?) Lets be conservative and say $5000/oz in a few years also adjust the AISC down to $600/oz to reflect efficiencies with Telfer ownership and the FCF looks as big as Hav. ATB Speedy
Here you go...
On your computer, go to Email .
In the top left, click Compose.
In the 'To' field, add recipients (Callum or Shaun). You can also add recipients: In the 'Cc' and 'Bcc' fields if you want
Add a subject 'Lower Aquifier'
Write your message.
At the bottom of the page, click Send.
For comparison the same calculations with 450,000 ounces production - gold + copper.
FCF ranges from $225million to $900million. Hence why I feel GGP needs to go for it all.... buy Telfer + 70% Havieron + the other Paterson JVs. This also includes the tungsten mine nearby that Newmont owns.
Finance it via debt and the banks will be repaid over say 3 or 4 years given the cashflow. They could even structure the debt say of 7 years and GGP will have more FCF per annum to use for other items. Plenty of scope.
Gold - AISC - Profit - Ounces pa (incl copper) - FCF pa before co. tax, debt, etc
$2,000 $1,000 $1,000 450,000 $450,000,000
$2,500 $1,000 $1,500 450,000 $675,000,000
$3,000 $1,000 $2,000 450,000 $900,000,000
Gold - AISC - Profit - Ounces pa (incl copper) - FCF pa before co. tax, debt, etc
$2,000 $1,500 $500 450,000 $225,000,000
$2,500 $1,500 $1,000 450,000 $450,000,000
$3,000 $1,500 $1,500 450,000 $675,000,000
Ref: copper. I have included it within the gold ounces produced side. Meaning 400,000 gold equivalent ounces which is copper + gold.
Thats right jd , dont ask the awkward questions lol all rosy with the money tree flourishing nicely , keep it to english numb nuts lol
MH01, be careful that you arent including the copper to get the AISC down and then using the same copper on your production profile. Its one or the other, not both.
Shows the possibilities there MH01. Good post...
(For Freddie2, focus on the word 'possibilities'. IF you do not know what it means look it up )
Liam, great interview . Really enjoyed listening to Callum. Ignore the langweilig / Dummkopf F2.
Yes they can change their minds but if they want to sell Telfer and the 70% to GGP they need to get it done quickly or make the decision to mine .As soon as the decline restarts its going to move very quickly before you know it we will be mining
Free cash flow ranges by changing the Gold Price and AISC.
Based on 400,000 gold/copper per annum combined.
FCF ranges from $200million to $800million.
Plenty of annual cash to pay off debt, CAPEX, exploration, dividends, expansion.
Gold - AISC - Profit - Ounces pa (incl copper) - FCF pa before co. tax, debt, etc
$2,000 $1,000 $1,000 400,000 $400,000,000
$2,500 $1,000 $1,500 400,000 $600,000,000
$3,000 $1,000 $2,000 400,000 $800,000,000
Gold - AISC - Profit - Ounces pa (incl copper) - FCF pa before co. tax, debt, etc
$2,000 $1,500 $500 400,000 $200,000,000
$2,500 $1,500 $1,000 400,000 $400,000,000
$3,000 $1,500 $1,500 400,000 $600,000,000
As Shaun said in his presentation, Newmont will have 10 of the largest mines globally so they have a lot on their plate already. GGP need to buy it all and be king of the Paterson.
Just watched the video and wondered why he didn’t ask about the lower aquifer, it doesn’t always have to be a promo video , these questions need asking
They can still change their minds, seems as though they gave themselves up to a Yr to complete the fire sale
TT - but maybe they're making a big mistake in divesting Telfer/Havieron
I have said a few times now that they have "shot themselves in the foot" on this one.
But only time will tell.
Still down 28% on year this makes little difference yo most of us but hopefully some certainty in coming weeks
Algo buying or algo short covering today, interesting to see.
"Gold goes down to 1400".
Hi Malva
Look forward to it.
You might not get much sense out of me, people keep plying me with red wine 🍷 🙂
Hi Bamps,
I am sure that we will meet properly at a future town hall. My main point in replying to the previous thread is that bulk mining is that Havieron will eventually use a bulk mining method. We do not want investors to be hearing the argument (such as grade and dilution) against other high quality tier 1 mines and using this same argument against a future havieron bulk mining method. I would be equally defending other tier 1 mines like Cadia and Red Chris for the same reason.
Bulk mining is what allows Cadia, Hemi and Red Chris to be tier 1 mines and will eventually do the same for Havieron. It would be wrong to lump all of them as tier 2 because of grades and dilution when cost per tonne is much lower. Other arguments fall aside when the bottom line is they are all high production and low cost per tonne. I am not arguing about Hemi (I have not stake in De Grey) and am arguing about what bulk mining allows companies to achieve. I am showing through Hemi why we can not consider these mines as lesser quality.
Hope that makes sense and we can talk more about it in the future.
Hi Malva
It’s not the place here to air our views on an another asset, we’d need to sit down and go through it.
Https://seekingalpha.com/article/4677204-newmont-stock-a-once-in-a-generation-buy
Another interesting read from Seeking Alpha. Like many other commentators they're bullish about the future outlook for both gold & copper, and in this case why that should benefit Newmont.
However, you can clearly say the same about Havieron too! Who knows, but maybe they're making a big mistake in divesting Telfer/Havieron (if that finally happens, of course)? We know that they have a clear paremeter for doing so, vis a vis Tier 1 mines (in their terms!), but is that really the best one use, looking to the future?
Anyway, here is what Seeking Alpha say about Gold & Copper:
Very Bullish Outlook For Gold And Copper
As we detailed in a recent article, gold will likely continue its recent strong performance due to:
- The Federal Reserve ending its rate-hiking cycle and beginning to cut rates
- Continued strong central bank buying of gold
- Soaring geopolitical risks and tensions
- A likely weakening of the economy
- A reversion to the mean of its valuation relative to the stock market
- The continued decline of the U.S. Dollar
Copper, meanwhile, should perform well because:
- Demand is soaring due to the green energy transition
- The value of the U.S. Dollar is expected to continue to decline
- Production is suffering from mining disruptions and is unlikely to be able to meet demand for the foreseeable future
He’s= he’d
I asked Shaun at a TH a while back , if he’s like to purchase Winu. He said he’s love to !
Says it all in my view …