Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
...it's multi-factorial!
No stalling on GGP's part. The RNS 27 October fully explained what the situation is - any stalling is with Newcrest.
" Feasibility Study Update
§ Technical work to support the development of the Feasibility Study continued during the quarter. While the study remains in progress, it will be extended beyond the December 2022 quarter to allow further time to maximise value and de-risk the project. A further update will be provided as value enhancing options are assessed
§ The extended study will seek to de-risk the project by capturing the ongoing successful growth drilling campaign and allow potential resource conversion to increase production potential and mine life of Havieron
§ Further optimisation work is underway as part of the Feasibility Study which will contribute to offsetting any potential impact of inflation"
Average All-In Sustaining Cost (AISC) across the life of the project of A$198/oz (US$148/oz) on a real basis
is higher than the PFS AISC of A$54/oz (US$41/oz), mainly driven by higher operating costs, with inflationary
pressures across labour, steel, electricity and processing consumables. In addition, copper recovery
assumptions are lower, treatment and refining charges are increasing with market conditions deteriorating
for shipping, freight, refining and smelting charges, and general and administrative costs are higher due to
increasing insurance charges. These costs were partly offset by a higher copper price assumption.
Oh dear Trippy, I think you will be disappointed in GGP getting 6.5m oz out of the ground by 2024. That is not the plan as it stands
KevinP - I was searching for that exact same quote from SD when you posted. Well done!
As for culpepper - perhaps you will now withdraw your comment very subtly put in brackets: "( or issue equity maybe )". You have no basis for saying that imo and is clearly at odds with what Shaun Day said.
Nice one TT - and once you take into account the AUD fall against the USD, as far as the assumptions in the October 2021 RNS is concerned, the effective POG rate for those assumptions is nearer $1,900/oz.
12.08 is it the "cul" season, I hadn't realised. I take it all with a pinch of salt
Sureasblazes - I think you have a point. A trader runs with the hare and hunts with the hounds...
Telfer running on fumes
09.59 - a very distorted and misleading view as many LTHs will know
08.43 lastof... you will find sensible valuations on the GGPChat pages
Gold futures currently $1,683 UP $52. Nice end to week
https://uk.investing.com/commodities/gold
Shaun Day dropped a massive hint re Pearl drilling at Scallywag in his interview with Liam. The exploration programme kicked off on 30 June so we can expect some drill results very soon:
"We're drilling Pearl right now, that is probably our best EM target in on that Scallywag license. So, I think that's a really exciting drill target to be spinning into.
So, I get excited about that one and I'm very keen to see the in time that result and some of the other results from the campaign including Juri as well. So, but I think the Paterson drilling is good and it's nice to be kind of getting to a point where we're testing some of these targets, which, again, we only did that on land EM earlier this year.
So again, it's about refining information. We had some airborne EM information to get on land to improve the definition of that data and then recalibrate targets I think was tremendous and you know, probably one of the holes or drills we're drilling with that updated information is Pearl. So that's good fun and exciting to see.
And again, it will be a bit of a slow burn as drilling takes time. Cutting the core takes time. Getting assays still takes time. But we don't you know; people should have confidence. We don't sit on drill results. We try to get them out into the market in short order. And I think we're going to start seeing a bit of flow of them soon depending on assay times".
Kevin - I now see your minus sign, apologies!
Kevin - agreed, except that Telfer's margin was MINUS $197. Telfer's AISC was $1,895.
Now don't tell aim999 or ID.IOT as they think we just make stuff up
https://www.newcrest.com/sites/default/files/2022-10/221027_Newcrest%20Sep%202022%20Quarterly%20Report.pdf See page 6/19
Never mind the primary bid offer what about the Sprott note suggesting a 9 mtpa operation for Havieron at Telfer.
A game changer.
aim999 - you seem to have missed the vital point.................................TELFER
This is on a mutual need basis. Newcrest need Havieron and vice versa. End of.
Can Brucejack send their ore there? ..........NO
Redtrader - I fail to see any negative in the comment below from Newcrest last week about value enhancing the asset:
"Technical work to support the development of the Feasibility Study continued during the quarter. While the study
remains in progress, it will be extended beyond the December 2022 quarter to allow further time to maximise value
and de-risk the project. A further update will be provided as value enhancing options are assessed".
These large cancelled trades do get very infuriating - MMs very own FUD if you like
Hi Jerry. That is generally the case as set out in Notes 15 and 16 to the Accounts. So this year there were some £21m additions to Mine Development assets.
Note also there were a further £3m exploration and evaluation expenses where commercial viability of extracting the mineral resource has not yet been established which have been expensed. Once commercial viability is established GGP are free to capitalise the expenses. GGP do not specify which assets to which the £3m relates but it is likely to be non-Havieron expenses.