Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Its great to have this situation where Newmont are not selling but still contributing 70% of Havieron development cost. They clearly want to offload Telfer liability but all prospective buyers are likely not interested as they know what this cost would be and are wary in the current climate.
So Newmont will not only have to offer 70% Havieron stake but will also need to consider also paying off a proportion of Telfer decommissioning cost. Perhaps there's an opportunity to obtain 70% Havieron, Get X% paid for by Newmont and obtaining some incentive from the Australian Government on environmental grounds. There's little point decommissioning Telfer to build a new equivalent which would be an incredible waste and a PR nightmare. The only logical way is sell both together and reduce the liability for all concerned. This could attract offers from elsewhere but untill then cheers for the 70% cost contribution Newmont! If you happen to want to do some more free Geo scanning work for us again please fill your boots too.
Isn't it logical that a mini-bidding war could take out Greatland first? Why would suitor want GGP's position to strengthen whilst T.O. of Newcrest is taking place? Also acquiring GGP would put you in a more favourable position for NCM.
GGP is both a hinderance and a potential prize from external perspective.
We have so many options and time really is on Greatland's side.
We could even start auctioning off Havieron say at 0.25% at a time every quarter on the open market if needed instead of agreeing 5% with NCM. Start a bidding war in line with progression of mine and PM rise.
Been thinking perhaps there is a possibility of revising the arrangement within the tenement itself.
- Havieron boundary defined. agreed by both parties
- 5% of Havieron purchased by NCM
- Additional time for further discovery and proving up on remainder of tenement which remains owned 30-70 split
Seems fairest approach for a rare 'problem' of having discovered too many gold deposits. (So annoying when this happens right?)
Who can least afford a delays? Irrespective of 5% purchase we are looking at revenue stream from 2023 right?
Rare that the minor player is in such a strong position.
The agreement between Newcrest and Greatland signed all that time ago was based on so little that it needed to be very attractive to GGP. (Well done Mr Heddle)
I recall discussing that the results, in line with the arrangement could be 'too good' and this is now coming to pass.
How do you value these incredible discoveries at Havieron including the provision for future growth?
Was thinking to myself had i truly known how long a gold prospect SHOULD take to convert into a mine i would likely not have invested. This pace is unique and i feel very fortunate to be in the position i am.
The next 2 months will be incredibly exciting. Havieron is not a one off gold miracle.
A bidding war is very likely imho should a takeover be attempted which is looking extremely likely with our CEO even mentioning it.
A very good presentation today by SD.
Well said Paddy. The slowest penny to drop in the market is the value in the relationship with Newcrest. Our arrangement is priority number 1. So imagine when we strike again. The template will be there to use going forwards.
Blackhills gold on the surface from samples collected..... we haven't found the source yet, but it sure as he11 didn't rain down!