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US site wells making money.
Romania found gas need to start selling it.
Gas field north sea, starts making money 2025.
West Newton potential big find, Could be a $10 billion dollar field.
No borrowings.
Have a lot of outgoings so they could dilute again.
They do have
Premium share capital£20 mill.
Share capital £7 mill

Have I missed anything.

That answers tells me nothing.
It is ready to be drilled. It has 140 mmbbls is that all theres. Like I say it is a complicated structure. Is it all priced in. I would say not but you may disagree.
Is it priced in?

West Newton, is that the site.
Reabold seems to have a very complicated ownership structure. As for 33/1 outsiders, who does not like that, I do feel a lot of times odds on horses are nonsense. That outsider should be the favourite.

??

Watching a kettle boil time seems to stand still.

What site is this?

It could be a sign they are expecting high pressure. It could be a standard safety measure that all rigs need to have. Need an expert to tells us.

@Rup, No problem
@Bottle. As rup says could not google anything greatland on their site. Have to registers or join.

Rup,

Do you have links.

No issues. I know lots of people do this work using their own time and effort. Many on here appreciate the effort.

As they have stated in the RNS, they are seeking mining permissions and approvals. Maybe Sandeep and Shaun have had that chinwag. If everything is good they will start bulk mining. The longer they wait the longer Telfer could be idle.

@Bamps looking at the dates on GGPhelp bulk mining decision is

Q3/22. F.S. Decision to bulk mine (as a JV) to be made by NCM and GGP.
Q3/22. Bulk mine construction commences. [Additional 1200m deep / 8km long @ 8m/day].
Q1/25. NCM may acquire additional 5% interest.
Q2/25. Full production commences. Possibly sooner?

I think these dates are now wrong. Looking at the RNS that decision is already made. We are waiting for the PFS for the mining decision.

If the full mine starts earlier does Newcrest have to pay us for the 5% sooner. May have to pay us before Christmas.

@Bamps can answer this question.

Havieron will be producing gold once the decline is completed. It will take several years for that section to be exhausted. That should keep Telfer busy.

Makes you think Newcrest want Havieron at full blown production. Those RNS dates 2028 are way out.

Has nothing to to with Sandeep et al, but all to do with my investment. Why woould they bring the PFS forward. From my logical point of view they want to start the second stage, the full mine ASAP. There may be other reasons fro bringing the PFS forward. You know any other reason Zoros.

Things like this give you the confidence to carry on being invested.,

@TmT that my point..
Maybe @Bamps could explain what other reasons there could be for pulling the PFS forwad.

Just convincing myself why my decision to keep invested is the correct decision. I think it is.

This the guy LittleCrumb, goes by @North West Iron Pty Ltd on Twitter.

We sitting in the doldrums waiting for wind. If Newcrest found anything that meant mining had to stop I am certain we would know about it.

@lenz.. I may have worded it badly. They are already doing the approval and permits for an operating mine. This can easily wait until after PFS. Unless they want the mine started ASAP. I guess you cannot start the mine until you have done the PFS. Makes no sense bringing the PFS forward unless something needs it. I doubt Newcrest could start a mine without a PFS.

The Joint Venture is progressing the necessary approvals and permits for the development of an operating underground mine (subject to a successful exploration program, feasibility studies, market and operating conditions, board approvals and a positive decision to mine).

None of this is needed. It can wait for full MRE. The completion of the PFS. Doing it up front costs time and money for nothing. It is all at risk yet they keep on doing it. So many things they are doing they do not need to do. Drills we do not yet know the results could show the mine project is a failure. Yet they continue digging and continue the mine approval process. They know so much yet still they continue digging.

I may be wrong.

If I have this wrong let me know.

After extraction, milling the granules are dumped in a large pond with various chemicals. After leaching we should have the pure metal that can go for smelting and tailings.

How long is this process?

If Newcrest are happy with the PFS they could start developing bulk mining as soon as they have completed the decline?

Thoughts?

Newcrest did not have to dig the decline until they had drilled every hole and calculated the MRE up front. If it goes wrong then it would be a resigning issue for Sandeep. Imagine telling the board he jumped the gun on Havieron. I indicates a very high level of confidence that Newcrest have in Havieron.