Nifty's problem Red setter solves.16 Dec 2025 20:22
it was mildly amusing to watch mr poulden accept that consolidation was for headroom to facilitate raising and acquisitions. whilst there has been a steady rise over the last 5 trading days, it has been much more orderly and less volatile, the effect of consolidation.
back to politics... roads, helicopters and shifting sands....
i still refuse to believe this road is a drill road. i'm sure the road from telfer may be a bit challenging but the eastern access track looked pretty plumb flat and straight to me.
haul road to nifty? why would a copper mine want gold ore? simply put, nifty has a good copper grade of 1.39% on average, which gets shipped to smelters in india/china or to mount isa (glencore). this copper concentrate is missing something though...gold. blending in gold ore maximises gold credits which pay handsomely up to a certain point before it then declines. hitting that sweet spot ensures maximum added value and profitability. with red setter pointing to shallow open pit accessibility for immediate mining, decent copper credits in many core samples to date must be crossing desks at cyprium with glencore nudging in the background.
it will not surprise me one bit if wishbone gets sold to cyprium before a road gets built. the gold credits on niftys doorstep with absolutely no need for processing upgrades or plant additions is simply far to valuable. they just blend and dump in the crusher and the concentrate goes to be separated and smelted.
drill road? **** off! pure pretext, politics 101.