Tier 1 Asset vs Tier 1 Ore Body11 Nov 2020 14:01
Hi All,
First time poster here, firstly just wanted to thank the godfathers of this board for your continued contributions! - too many to mention but you know who you are, so thank you!
Only a small holder with 100k @ 4p compared to some but I’m over the moon at the journey we’ve had and I aint selling a single one!!
I did have a quick question, could be a silly one so I apologise in advance.. I was listening into the Newcrest AGM last night and heard SB refer to projects as Tier 1 Assets but then Red Chris as a potential Tier 1 Ore Body, I wasn’t sure what he meant by that?
I originally assumed it meant the same thing but now writing this I wonder if it’s a Tier 1 Ore Body as suitable for block caving methods etc. but without the multi-decade lifespan? - can someone clear this up for me?
Hav is obviously shaping up to be a Tier 1 Asset but I don’t ever recall it being referred to as a Tier 1 Ore Body.
BR
NUGS