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I finally found an old post from last year with the comments from Shaun Day about the processing of Havieron ore. I guess, looking at the comments over the long weekend, the 'second' option has been discussed a bit more:
"...There are two ways to process Havieron ore, you know one is through the existing infrastructure, which is Telfer and which is 45 kilometres down the road and the existing, I guess, relatively de-risked pathway to the processing. An alternative is to build a new purpose-built plant right at the mine mouth. Now that does have certain advantages to it, that new piece of kit , it’s the right size for Havieron and you avoid haulage for years, if not more likely decades of material to Telfer."
"So, there is, depending on the size of the mine, the NPV is actually better to build a processing plant at the mine mouth. But you also have to have to weigh that up with the time frame it would take to construct, the funding you need to do that construction and the greater risk of actually undertaking a major project as opposed to taking advantage of existing infrastructure."
"I think it's very likely that we will continue the base case of taking advantage of that existing infrastructure. But world class ore bodies you can solve in multiple ways and know. So, we have the luxury of a choice bit. But right now, I would steer people towards what the PFS said, which is the base case is processing through Telfer and you can close Telfer mining and still run the processing centre."
The other thing with Telfer is the experience, knowledge and familiarity with the plant of the personnel.
PS. Those quotes from Shaun Day were from Dip's notes from the AIM ON AIR interview - Part 2 - 19 Jun 2023
I do love Telfer, the gift that keeps giving!
NCM had the Telfer Imperative to get some economical ore to the plant so that they could kick the ball further down the road and avoid the closing down/remediation costs. This is why HAV has had so much cash spent on it in short order. We have a (nearly) mine due to this.
Now NEM don't see Telfer /HAVas part of their going forward strategy = opportunity.
Tailings dam problems look expensive = much bigger opportunity.
NEM likely want rid of Telfer ASAP. Difficukt to sell alone - almost impossible without commercial grade ore available I would say. So it would make sense to parcel it up with HAV.
So, in short, Telfer alone is too high a risk proposition for anyone to take on.
Telfer/HAV can work as the future upside can afford the risky costs of Telfer. It now becomes an exercise in cashflow managment (how much funding is needed prior to break even on production is achieved).
The biggy is that the Telfer imperative (NCM's problem child) has given us the right os last refusal on the remaining 70% of HAV = massive opportunity.
We just need to wait it out a bit until there are some predatory bids for the package by a.n.other - then pick up all the pieces (As always, subject to funding to include cashflow funding).
Tailings dam problem are highlighting the risk and driving down the value of Telfer.
Time to Shine @SD.
I guess this will all come together at FS stage, which will include processing, the existing loan arrangements being subject to FS criteria. Plainly the banks, and any other lender, will need to know full on going costings, revenue start, including changes arising from any corporate developments. I’m assuming previous conversations were around the previous majority holder’s ownership of Telfer for processing.
But then again ....SD did come out with an rns celebrating the Newmont JV,the DAY before Newmont pulled the plug n put it up for sale,so pinch of salt m all that to what Day ',dream says?
Still repeating yourself I see IOT. You can also invest in thousands of other companies. If you do not like this one, find another one.
It's a bizarre twisty tale..but basically, to my mind...all roads lead to acquisition!
IOT he praised the JV and still does as it’s led to a massive acceleration in development that otherwise would’ve have happened, having NM as a major regardless of divestment has been fantastic, we’re years ahead. I think you’re trying too hard to find a negative in that.
How can you classify a company as pulling the plug when they are still paying for everything that goes on financially until its sold.
hilarious last ditched attempt because everything else you spouted has turned to rat schit.
Correct...in my humble opinion having read all I can on the situation I truly believe that SD will decline the offer to purchase the "full package"as the dilution/debt burden will cripple the company going forward. GGP is and will always remain a junior miner / developer ! Sorry !
Hhhmmm Shaun hasn't assembled the Avengers to sit back and watch someone else take them!
GLA! We are in the midst of a perfect storm! AIMHO
Lofty - no need to apologise for being ignorant. Fortunately for those who are invested Shaun has more handle on what's going on than you. There are 8.4m reasons why Greatland want 100% of Havieron. Most think there will be around 20m reasons once all the drilling is completed. In the ground value of that is a staggering USD46 billion. I think there's a really good chance of decent profits for 20 years plus, even with an AISC of USD1000 an ounce
God willing Panama!!! 🤞👍
Lofty i take it you cant read then
Stay in the loft with your banana's chimp!
Let’s just repost this interview for any folks that can’t read too well. 😉
https://aimonair.com/?p=3284
Loftchimp - No need to apologise for being stupid and negative, we just accept you are and ignore you now ✌🏼
We have all watched the video , and we now know sd stands for spin doctor ! His reasons for directors not buying seemed a bit of a fudge tbf .
Fred put a finger in it pal.
If you are F2... He's clueless and a fool playing the greater fool game.
If there’s a fundraise and a placing and the way is then clear ahead, as it should be then, I expect them to have bought at what is then envisioned as the bottom price, whatever level that is.
Jd wtf did thst mean lol
Ahh Freddie showing his true colours again. Seems the negative army are on another little March this arvo.
There is nothing you can say to curb my enthusiasm.
Not negative, Real , its not currently a good situation for us to be in , the sale could drag on now for longer than newmont first suggested , and we will drift lower in the meantime imo