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Makes one wonder if something material is going on in the back ground. Perhaps a case of he can't mention Havieron as much as he might like the project. The money they have invested into the project is just awesome.
Just like us, the partners want first pour ASAP.
NCM want this to succeed. They want GGP to succeed. 30% of the mine gives SD a fantastic platform to spring from.
NCM have invested so much into this project. They of course have other projects to fund and also like to make sure the share holders are well rewarded from their projects. Monies raised by GGP can now go towards production. No need to repay the loan to NCM from thees monies as would have been the case if NCM had of taken up the offer for the extra 5%.
SD has the means on a silver platter to full fill the GGP 30% !!! mmm
Havieron Project
The Havieron Project is located 45km east of Newcrest’s Telfer operation and is operated by Newcrest under a Joint
Venture Agreement (JVA) with Greatland Gold plc (Greatland).
A Group Mineral Resources and Ore Reserves statement as at 30 June 2022 was released today which includes an
updated Mineral Resource estimate for Havieron, adding 1.9 million ounces of gold and 0.05 million tonnes of
copper24 (see the separately released “Annual Mineral Resources and Ore Reserves Statement – as at 30 June
2022” dated 19 August 2022).
The extensive drilling program at Havieron continued during the period with up to seven drill rigs in operation. The
growth drilling program continues to identify and expand high grade extensions to the mineralisation in the Eastern
Breccia, South East Crescent Zone and Northern Breccia.
In October 2021, the Newcrest Board approved the Havieron PFS Stage 1 to the Feasibility Stage. Key contracts for
the Feasibility Study were awarded during the period and works to progress the necessary approvals and permits
required to commence the development of an operating underground mine and associated infrastructure are ongoing.
Newcrest is reviewing the impact of inflationary pressures on future capital expenditure and operating costs as part
of the Feasibility Study.
The development of the exploration decline experienced poor ground conditions during FY22, impacted by
unfavourable geotechnical and hydrogeological conditions. Changes in the design of the decline have been made
which has allowed development advance rates to accelerate towards the end of the financial year, with a steady
improvement expected to continue in FY23. The schedule for first ore is currently under review and will be updated
with the release of the Feasibility Study, which is expected to be completed during the December 2022 quarter8
.
Imagine what that 60 million should really be at this stage. Still a contract is a contract. The ggp remaing 25 percent will be able to move forward now. Maybe a term sheet with the banks. But that is much better than diluting the shareholders. Let us see what he has to say. I don't think he came all the way to London just for the sun. Great news let the rerate begin and the shorters burn. Come on SD tell us you have got us fully funded to production.
We are not talking about millions in income here,we are talking in the billions.
My oh my, the derampers are so upset. You can smell the blood and the fear, as they so
begrudgedly are having to except the reality that the UJO has indeed won through,and is exceeding all expectations.
Lovely drilling weather.
A good honest positive RNS and interview. Ujo continues to impress me as a share holder. I share the companies belief in the assets and the strong fundamentals driving projects forward. UJO continues to bring home the bacon.
Very meaningful amounts of Cash in the till every month ($1 million per month),and with a balanced/realistic view will only increase moving forward baring some unforeseen circumstance.
Let the stock re-rate upwards I say. The company has come up with the goods.
A genuinely happy share holder.
D/B has monies in the Business account and strong revenue streams coming in that now give him the freedom to choose. Oh what it is to have a choice. A rare treat indeed.
So pleased that UJO are not looking to spend on projects beyond those many quality assets we already have on the books to service/fund. Very ,very sensible.
Well D/B has earned the right to choose we will have to see what unfolds.
Great to see quite a few of today's buyers see the buy price up on the close to what they paid. That's a blue finish to me imo.
Tomorrow , tomorrow, there's always tomorrow............
Could well see FOM tomorrow, News due next week seems to be the general consensus.
Got to be in it to win it ! All the best, to all the genuine shareholders.
Strong buy.
Just can't see the MM holding this down at this level much longer. Surely this has got to pop.
Blue finish ? The mates must be very happy at this level isa season also lol.
Nice work if you can get it. Alright for some at this heavy discount hey.
With a $ million a month hard tangible cash going into the till each month, and that's just for starters.
Don't give them your shares for next week. Let them pay for them.
They know this is so worth the extra mile.
Executive Chairman of Union Jack, David Bramhill commented: "Wressle continues to outperform over and above original prognosis and expectations.
Isn't that lovely. Really, really lovely.
So very pleased for us all. These are the updates we have been dreaming of over the years. Looking forward to the short spur line for the Gas and oil production of potentially 1200-1500 bopd (based on solid data).
With a share buy back and or dividend payments to come (subject to the up coming vote) I just know we have a fantastic future here.
Well done UJO and partners.
Definitely voting in favour of the Divi/share buy back. Share buy backs are a great way to boost a companies share price on the hurry up if required. Dividends are good to. Plenty of monies to hand. Wonderful position for ujo and its share holders to be in. I like there style. Very positive.
Good to have a full survey when buying a house. Ujo could become part of industry consolidation. Good to have a full report to hand for any potential negotiations. It all helps to be ahead of the curve. Looking forward to a positive week.