RE: Northern Star29 Mar 2024 16:26
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"Re: The Power of ROFR (Rights of First Refusal) 💥💥💥
Post by Shinybits » Fri Mar 29, 2024 12:15 pm
The rehab cost of $160M would be the stuff of dreams… the head enviros and engineers at Telfer and the off the books word from DMIRS suggests a conservative figure of more like $5-600M (AUD that is) and apparently the available volume of topsoil required has been grossly underestimated for one thing, might seem trivial but not cheap to acquire what you don’t have, let alone in the middle of a desert that is as big as the UK.
On Wednesday of this week teams from both Greatlands and Northern Star attended Telfer for an overnight trip. I make no suggestion of any potential collusion but it seems a bit odd to the interested observer that they attended on the same day? Given Northern Star stated publicly that Telfer did ‘not fit within their investment profile’ when the Newmont takeover of Newcrest was first mooted it’s interesting that they have come for a look now.
In any case word from up on high suggests both parties were particularly happy and impressed with what they saw.
Has there been any suggestion of a collusion? Not suggesting or speculating, just asking.
The current expansion of west dome was just approved the week before last, which should see the west dome through until end of 25. Not sure if that’s calendar 25 or FY25, Australian financial year is July to June but US (NMC) is calendar year.
I wonder if enough value has been placed on telfer’s infrastructure? Three primary crushers, 2 SAGs, 2 ball mills, two entire trains of copper and pyrite notation, a copper larox, a whole COL circuit and a circuit of CCD thickeners surely would be worth seriously questioning the value of building a new plant, and all for the cost of a conveyor of a distance hardly ground breaking.
If they wanted to delve in to the future, they could investigate tear drop cross section conveyors, used in Europe to cross valleys. Eliminates camels tripping pull wires, minimizes environmental issues of wind and rain… thinking outside the box never hurts.
Just a few thoughts to ponder before I get shot at 😆"
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