RE: RNS10 Sep 2024 16:55
Best part is that the 426k Oz sat on the ground at Telfer ready for production more than pays for the acquisition. Some circa £426m profit as per RNS!
The Greatland Base Case includes the high confidence 15-month initial Telfer mine plan, as set out in the Competent Person's Report in the Admission Document, and such plan includes total estimated production of 426koz gold equivalent at an estimated AISC of US$1,454/oz from the restart of processing operations at Telfer (expected to occur in late September or October), which has the potential to generate significant near-term cash flow for the Company from Acquisition Completion.