Member Info for Redtrader

High Voltage DC is the future.

The samples and previous drills are no great shakes. Not assayed for gold, I am certain if they believed or thought gold was there we would know about it. The underlying rock reaches the surface, outcrops which are a quick and easy way to determine the underlying geology. Shallow target making drill cores cheap and quick. Not an impressive area to test but these guys are the experts.

So we do not know if it is drained enough for the decline to restart.

Pond starting to drain? Very good news as it means the aquifer is being drained.

https://twitter.com/i/status/1790624883782602856

How much is Telfer worth. A few years of gold left with reinstatement costs of $100 millions. I would say negative $100 million. Unless they have found more gold at Telfer it is absolutely worthless. So who would buy a big hole in the ground they have to fill in to get 70% of Havieron.

Exposed as what?

Because I did. That's all that matters. What I added is true.

The RIO costs will mean Newcrest will have to give Telfer away plus a bond towards the closing fees. Telfer is basically worthless. From a GGP perspective closing Telfer can be done over a longer duration. Periods when production is shutdown for breakdown or other issues staff can be reassigned to Telfer reinstatement. I am guessing that GGP can charge a common fund set up to fund the reinstatement of Telfer. Another poster mentioned ASIC for companies like Newcrest, Newmount being higher. This is true as these companies have higher operating costs. It is why they need projects with larger ROI. Newcrest, Newmount can borrow larger amounts and at lower interest rates than the likes of GGP. They can afford to buy the larger mines with a greater ROI. The aquifer needs to be resolved. Costing time and money.

@Dawn_shay,

Thanks for the link. Checked out the the link, nothing seemed different from previous images. I maybe missing something.

Do you have a link?

900m, seen the trouble getting to 400m. Havieron is the limit for now.

I have not got a clue what Shaun is like. I know 100% what Banks are like. They will not hand over money if they think they will never get it back. They will want answers. AS for an issue aprt from me. We have stopped digging the decline. Is that not an issue?

I would like to know how the water pressure is dropping and what estimates they have for it reaching level where they can continue digging. I do know they will not be able to raise money from the banks for buying Telfer and the other 70% of Havieron. As they are stuck at the aquifer the Banks will want a detailed analysis of what the issue is before they hand over their cash.

I am very reluctant to call anyone a liar. At certain times people have to chose their words carefully. If he came out bouncing with statements like the water pressure is falling rapidly and we hope to restart the decline in a few weeks. Is the water pressure falling? Very little information about the actual state of the aquifer.

Your estimates and others have been proven over optimistic. Until the aquifer is resolved all talk about the decline is guess work. Estimates for digging again have been based on digging 3km of tunnel but over 2.1km of decline. No real idea what is happening at the face. Estimating with the lack of information we have and no real idea of the conditions is conjecture. I hope the aquifer issue is fixed and we are digging the decline.

Shaun controlled language around the aquifer was a red flag. I am sure they will get through, not sure when.

His timeline is not right it is a guess, an estimate. So far all estimates with respect to mining have been highly optimistic. We do not know if the aquifer is in a state that the decline can continue. We have been given no real indication how large this aquifer is. The largest aquifer in the world is the Great Artesian Basin in Australia. Reaching the ore body this year cannot be predicted until the aquifer is sorted. Stating 6m a day is making up numbers.

@zeros

So we have 1100m to go. Another year at least from Q4, that will be Q4 2025. Need at least $25 million to fund at going rate. We have never achieved 6m a day yet you think it can be done.

Its a big cost. It is a cost that will get bigger, with greater environmental concerns and inflation. Telfers high ASIC value which means lower revenue to produce a profit and revenue for rehabilitation. No buyer being able to put a final figure on the cost of rehabilitation, this is a risk. The local authorities will want guarantees that who ever runs Telfer has the resources to close the mine. Newmont may have to put a bond down. Newmont may close Telfer, I do not think the local authorities will be happy. It may have a negative affect on future mining in the region. I think it is a buyers market.

@poniexpress

The decomissioning is a large bill. It will be a large write down. Giving it to Wyloo makes sense.

@markjphennesseyg Telfer is running on fumes. It will be spent in a year or 2. How much would you pay for Telfer? Wyloo and GGP taking on the rehabilitation costs is a good deal.