Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Appears to me Mxc have Cloudcoco pretty much under it’s control now (for good or bad)
If the underlying business there, and indeed Tialis, does not give appropriate value through listing, they’ll strongly consider privatisation, as they did with themselves.
It was 220m Australian (£130m ) to see Ggp’s 30% “well positioned to be fully funded in respect of the Feasibility Study targeting an expansion to around 3Mtpa “ . You have to scale that accordingly for development and add to any acquisition cost.
Https://www.wickesplc.co.uk/investors/investors-overview/analyst-consensus/
On paper I think that’s right. On what we know of the JV expressed as a Newcrest/Ggp intention.
Ggp uses measured terms.
“ Subject to a positive Feasibility Study and Decision to Mine, Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer would de-risk the development and reduces capital expenditure.”
Https://www.lse.co.uk/rns/WIX/trading-update-for-the-16-weeks-to-20-april-2024-1rtccpa29k1ruhv.html
Slow. Overall expectations on profit unchanged.
Completion of the debt facilities and Wyloo Placement will enable Greatland to be fully funded for its 30 per cent share of the Havieron project development based upon the October 2021 2Mtpa Pre-Feasibility Study; and well positioned to be fully funded in respect of the Feasibility Study targeting an expansion to around 3Mtpa due in the December 2022 quarter
Buy 5%
https://www.lse.co.uk/rns/WIX/holdings-in-company-imztucl25rlgzng.html
I have no reason to be negative long term. It is a question of timing. I may be more cautious than others, and just for me it appears on this board, and I suspect others resuming the decline and getting whatever happens around Newmont disposals are factors to get out of the way.
I’m not gung-ho, that much is true. I can afford to wait, and find how different people view it interesting.
However you look at it, any immediate challenge for Greatland, whatever might occur around Newmont divestment, is getting to mining, with the means to process the ore and get cash in to support mine development and exploration.