RE: ASX listing13 May 2023 14:42
TT don’t get me wrong, I’m a positive as anybody that eventually we will see 20M ounces minimum.
But I’m also realistic in my thoughts on timescales on proving up Gold ounce equivalent’s.
Telfer has produced some 27M ounces of gold in its 45 years, but obviously each MRE has grown slowly over time, as will Havieron’s.
We can all guess what we think it will be, but unfortunately Mining companies have to comply with all sorts of rules & guidance.
I’d love for Shaun Day to make a statement saying “That after looking at our computer and AI modelling, we believe we are sat on 50M oz equivalent”
But you know as well as I, that won’t happen.
I’m a very conservative person when it comes to expectations, so I won’t be making any wild guesses. What I do is try and read between the lines and base my judgment on how I interpret things.
If things go very positive in a shorter timescale than I envisioned then Happy days, if not, then I’m not disappointed.
Like I’ve said many times before, this investment for me is not for the here & now, it’s to provide my kids & grandkids a financially secure future.
If it reaches my target price earlier, then happy days for me too.