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Well it’s quite obvious he has seen data that I haven’t been able to obtain but from what I can make out that anomaly is heading for Chicken Shack and our Paterson 8.
The obvious question at this point is will it effect the haul road route. Well it looks like it.
We will have to wait and see , early days but shouldn’t be a problem.
Interesting stuff by Saltpetie on hotcopper
https://hotcopper.com.au/threads/parklands.7898917/page-3?get_post=true
Great news
This is for the haulage road to Telfer L45/582 and L45/636 plus an HDPE water pipeline and a high voltage transmission line.
Also includes works for the paste plant and aan additional evaporation pond if it is required
Telfer is sat in amongst a lot of mining leases.
Does Ggp want these other mining leases?
We’re not likely to know for sometime.
Newmont have an issue in that the rehabilitation bond/ levy remains with the original tenement holder. This is a contractual arrangement and if a new buyer comes along a new agreement contract has to be signed and the old one cancelled.
If there’s no takers for these tenements then Newmont are still obliged to reinstate the land to a safe natural state.
They may have to pay someone to take it off their hands or do a good deal on the plant.
For rehabilitation and levy for abandoned mines
https://www.ggpchat.co.uk/viewtopic.php?p=5403#p5403
With everyone concentrating on the gold price the copper price has been sneaking upwards.
It’s very significant.
Havieron copper forecasted production average has a grade of 0.6%.
Copper price $4.08/lb (US)
For 100%
Production 3mt pa @0.6% =18,000t or 39.6mlbs
@ 4.08 = $161.5m pa
Copper record high $4.88 =$193.25m pa
0.8% grade = $216.25m @$4.08
0.8% grade =$258.6m @$4.88
1% grade = $269m pa @ $4.08
1% grade = $322m pa @ 4.88
It’s risen slightly higher since I’ve done those calcs to $4.1125
Initial production grades could be a lot higher
Just read Hopefullygold’s comments
https://www.ggpchat.co.uk/viewtopic.php?p=5397#p5397
They’re in for a shock then 🙂
Latest images
Looks wet everywhere
https://www.ggpchat.co.uk/viewtopic.php?t=777
The reinstatement process at Telfer is not an operation that starts after the mine closes so putting a figure on it is very difficult.
Everyone knows there’s a processing plant and eventually dismantled but will have a sell value. Not many will realise the heap dumps are massive at Telfer.
https://www.epa.wa.gov.au/sites/default/files/Referral_Documentation/A1445_R1059_Telfer%20ARI%20Report-main_0.pdf
There’s 2 of these so I may have got the wrong one 🙂
In 2002 the heap dumps contained 125m tonnes whereas the ore going through the plant was 35mt.
This has grown since, there is a cut off grade where weak ore is sent to the leach pad or heap dump.
If it’s gold ore it will have cyanide solution filtered through it to obtain an acid with gold in it. Over time this cyanide dissipates to acceptable levels, when this is achieved the dump is seeded with native fauna but the testing is still monitored overtime.
Same for the copper dumps.
This still happening with Telfers weak ores which are getting weaker.
Tailings ponds 1 to 6 would have been seeded but are now going to be used for paste fill to Havieron. This seeding back in 2002 was still being trialled to see if it will work.
Monitoring of waste dumps and tailings will continue for many years after the miners have gone but government agencies may take on that roll from monies left in bonds.
Last few years they’ve been drilling all over the place but found nothing of significance.
The Newcrest geo chap did a presentation I think last year not certain but he said they were reevaluating what they learned from Havieron to go back over their data. I’m not sure how that progressed but they were certainly drilling down by Ironclad which is very close to Pascalle and Westin.
There’s targets all around I should think some will be surrendered.
The deep sensing magnetic survey I presume is what he was referring to. This was the tool they used on Havieron which later confirmed the deep magnetic anomaly. It also found the deep magnetic anomaly under the London target, so should be very beneficial back at Goliath and I believe they have used it at the 2 Tabletop targets.
Hi Barna
I think they are bundled up into the new EPA revision sent for approval last November.
This covers Telfer and Havieron. I would imagine extensions will be granted. I’m not sure though whether there’s any portions that will have to be surrendered
Hi Speedy
You will have to ask the company that one.
Pre the plan in the MMRE i think Ggp share was around $90m but when the stoping plan came out at PFS stage I think our share went to $127m
This was to include all infrastructure on surface and the development decline. That’s what confused me as the stoping is in the production phase so whether that figure takes us down to the first production level I’m unsure.
The total capex was around $450m but that includes the stoping costs, without stoping it was around $300m. There must be still $200m to get to production but that’s a guesstimate .
Newcrest accounts somewhere showed a figure for total spend including the drilling so far.
( I’m not sure whether it’s US$ or Aus $ without looking)
Also not sure whether that included drilling and FS funding