RE: DYOR13 Jan 2020 12:55
Joelme - yes it could take that length of time but why would Newcrest wish to take that time when they have a ticking clock with the hungry Telfer process plant that needs feeding? Look at the time line so far - the first 2 stages will be complete within 12 months - the terms of the JV was up to 12 months. If that pace is maintained and of course IF stages 3 and 4 proceed which I personally believe will be the case, then there stage 4 feasibility study could be complete by 2023 - sooner if they throw money at this quicker - and NC have the cash to throw at this and shareholders to keep happy. So I agree that an understanding of the mining process is important but as with most projects timelines can be shortened with cash. Just my view.
ATB