RE: Pi's confusing A$ with GBP ?7 Dec 2025 09:16
Have a look at this too in regards to industry benchmark rates for NPV and some of the commentary about ineffectiveness:
https://www.linkedin.com/posts/antonio-atanasov_why-does-the-gold-industry-use-a-5-discount-activity-7316074989261053954--khn?utm_source=share&utm_medium=member_android&rcm=ACoAAAOLNbgBEXu48pDzGDIe9d_SCVIS_qPD_-M
The best approach for evaluation of any feasibility study IMO is to see if the company itself has put the project through the grinder with evaluating risks and seeing how they might mitigate these, realistic base case scenario to ensure financial robustness and over all a corporate approach is going to be more conservative as their own internal policies are more stringent around responsible forecasting and reporting than a junior.
Look at the team attached to GGP, these aren't execs taking moderate to inconsequential careers in majors across to drifting around juniors collecting pay cheques in their sunset years but some of the best of the best globally from the board to the team doing the day to day running.
The other very important point is that the study will be pored over by potential and existing stakeholders such as funders, key investors and industry analysts with their own expertise and modelling, much of the detail non public as another commentator notes linking to an article he has composed.
The findings and assumptions need to pass muster with them , not the Lurkers of this world or retail investors on chat boards like us, especially with a company now increasingly moving into institutional ownership.
The value added by Havieron will probably build during the next 3ish years with it gathering pace as permitting is granted so financial commitment formally can be concluded and work can be initiated in the next 6 months.
In the meantime, Telfer updates if as expected in 2026 should help increase inflow of interest and importantly sentiment, Telfer still has to prove itself by the data and a guidance miss just after IPO will required a bit of repair work by building a more firm reputation for accurate reporting over a couple of quarters for the new kid on the block.
Critically, the integrated co-processing outlook scheduled for Aus FY 2027 that will further improve the overall outcome and forecasts for the business is reliant on those same Telfer updates we await. It's a jigsaw missing a few critical peices currently, but not years away now - just months for the most part.
DYOR as always :-)
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