RE: Majors Investment Criteria9 Aug 2018 10:59
My comments on this last post - not an attempt to DR BTW but perhaps an opinion on what we know right now.
I would assess this as per my comments below.
1 – Tonnage - 650,000 tons Havieron potential estimated (bit of a guess but fairly sensible.)
2 – Grades must be good quality - exceptional grades (some nice numbers so far that's for sure)
3 – Allows the mining process to be relatively standard - standard extraction foreseen (!!!!speculative - all manner of pitfalls are possible!!!!)
4 – Low cost extraction or potential to be so in time - assumed possible (!!!!speculative - who knows!!!!)
5 - Long life of the mine for sustained output - assumed possible - TBC
6 – Lots of upside – assumed possible - TBC
7- Stable and secure jurisdiction - In safe Australia and no local communities in area
8 – When a major develops a prospect its has to be attractive for others to have or procure - (!!!!speculative!!!!)
I'd say that's 2 out of 8 ticks and I didn't really understand Q8.