RE: POSITIVE VIBES30 Oct 2023 18:55
Midas - your post reminded me I have not posted the Future Catalysts message in a while, so here it is. Please add suggestions:
Updated list:
1. ASX listing - probably 2024
2. Feasibility study
3. Decision to mine
4. Updated MRE - Greatland's own one in December 2023 quarter as Newcrest couldn't be @rsed to do it in August!
5. More Reserves - these can be taken onto the balance sheet
6. Low AISC
7. Valuation of gold - Newcrest updated MRE 17 August 2022 used an economic assumption $1,300/oz for gold. It's now 50+% higher.
8. First gold - Earning cash 2025 (or late next year)
9. Free cash flow end 2025
10. If Newmont divest Telfer and 70% Haverion, and GGP buy them.
11. MRE of 2.9Moz @ 3.0g/t AuEq high-grade Reserve could lift to 9Moz according to Sprott on infill and roots - a few years down track but identified as very plausible.
12. Again according to Sprott's April report, Reserve increases could support elevated 6-9Mtpa for long-life Tier 1 asset.
13. And again from Sprott: Potential 6Moz caveable material adds optionality above this - a little further down stream but nevertheless a massive catalyst.
14. Use of Telfer mill for Havieron (and further downstream hopefully the Rio JV ore from Patterson South)
15. The existing Greatland team and support partners should not be under-estimated. That's probably how they got the Rio JV off the ground.
16. Drilling at EG 2024.
17. JV strikes - Juri and/or Rio
18. Scallywag strikes
19. Fully funded through to production - a reiteration
20. Jurisdiction - Australia is the best jurisdiction in the world right now to find more mineralisation - what has GGP got up its sleeve?
21. M&A activity - a value enhancing acquisition?