RE: Next MRE15 May 2023 09:20
Hi Sandgrounded
As I’ve said previously the MRE is only another cog in the wheel, it’s only use is evaluate future mining plans.
The mining plan coming up is or will be based on the 3mt per annum production. This is the limit that the Decline can take so having more which we know is there will not make much difference.
Institutions still see a risk, so it’s the Feasibility Study, mining plan and then the Decision to Mine which will all come this year.
Ggp need the Feasibility Study forthwith so that the loan can be paid off to NCM and reduce the interest payments.
If Newmont take 6 months to evaluate Havieron they are going to see the potential size of Havieron and see the Decline getting ever closer to the ore body.
If Shaun’s going to buy it, it needs to be quick but that clause in the deal might restrict that.
In 6 months the Telfer mine will be nearly depleted.
Will NEM sell it?
All cogs in the wheel as the Decline keeps getting nearer to the ore.
Exciting times.