The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Wish I could top up at this sp.
Are we not expecting news from west Africa as well soon?
Hi John
My guess is MB wants to give a diplomatic chance to the state to have some sort of agreement which I think is still achievable. There will be timeframe given to the Indian authorities to respond. My gut feeling is MB wants to get on with this asap.
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Indo Gold v. India
Indo Gold Pty Ltd v. Republic of India
Nature of the proceedings: International
Type of case: Investor-State
Industry:
Mining
Metal ores
Date of introduction: Unknown
Status of the case: Notice of Intent
Claimant’s country of origin: Australia
Institution: Data not available
Applicable treaties:
Australia - India BIT (19...
Documents of the case
Year Production Grade Cost per ounce
1999 314,295 ounces 1.33 g/t A$390
2000 176,000 ounces 1.62 g/t A$494
2001–2003 inactive
2004–05 218,000 ounces
2005–06 650,000 ounces
2006–07 627,000 ounces
2007–08 590,000 ounces
2008–09 629,108 ounces
2009–10 688,909 ounces
2010–11
2011–12
2012–13
2013–14 536,342 ounces 0.90 g/t $A1,005
2014–15 520,309 ounces na g/t $A791
2015–16 462,461 ounces na g/t $A967
2016–17 386,242 ounces 0.70 g/t A$1,178
2017–18 425,536 ounces 0.71 g/t A$1,262
2018–19 451,991 ounces 0.72 g/t A$1,253
2019–20 393,164 ounces 0.90 g/t A$1,281
2020–21 416,138 ounces 0.89 g/t A$1,473
2021–22 407,550 ounces 0.73 g/t
More evidence = Newmont
Thanks guys- much appreciated
My top up from this morning not showing
The second point you have forgotten to mention is that they have been in operation since 2011 - and by now are expecting to get to the end of mine life in 2025.
Its the discounted NPV they would have produced over the years.
4kandles
If you want to tell a story on BB here, please lay out the full facts. The reason why in 2023 they did poor is because - see below statement from the company:
"The production result was lower than plan due to extensive rain events and water-related geotechnical pit access restrictions, resulting in the processing of lowgrade stockpiles. Significant water management activities were undertaken during FY23 to enable full mining activities whenever possible, including commissioning over 30 evaporators and two temporary reverse osmosis plants, as well as liaising with state regulators on controlled water releases. Operating mine cash flow was $28.1 million, sustaining capital was $5.1 million and major capital was $13.4 million".
Check this out on Evolution mining. It has a market cap of Aus$6.798 Billion with current share price of Aus$3.70. At one of its four mines in Australia called Mt Rawdon (open pit), it has so far produced (since 2011) nearly 2m ounces.
At this mine:
It's Mineral Resources are at a mere 0.52 g/t
Its Ore Reserves are at a mere 0.61g/t
This will give people some peace of mind when it comes to looking at grades. It's the size in tonnage terms that will matter at the end of the day. Red Setter has been compared to Telfer!!
GLA
You are only talking about ONE possibility. There is equally a chance that there are delays for whatever reason OR indeed a chance that he has the results and these are so good that he is planning on something big before announcing. We will just have to have patience
ChartaRex
My thinking is completely opposite. Ask why would the seller agree to accept the price in shares if the Red Setter results were for argument sake going to half his Return on disposal of those shares. As far as I understand, the price agreed will be binding.
I think this latest deal is going to be significantly beneficial for both parties but I could be wrong.
Sorry 'on'
Spot in MP
I wonder if the seller is thinking he/she can eventually sell his shares at 10x what he/ she has been paid at?
This seems to me as a very timely acquisition with the seller agreeing to be paid in shares and so close to the drill announcement we are waiting for.
I think the drill results are going to be spectacular.
Will do the talking and will get noticed by the big players
Excellent news
And a further 142k as feeling good at the prospects here
Dipped the toe in with 402k shares