Member Info for Texlax30

Yes 26mt is nameplate processing capacity.

This is different than mining capacity (32mt), which seem to be mixed and matched further down this thread.

Important to look at the heading descriptions in the table.

The existing mining capacity of 29mt is from Telfer 605, 606, and 650.

The proposed amended capacity is 32mt from Telfer 605,606, and 650 plus Havieron. Hence, Havieron accounts for 3mt total.

Bitcoin proving to be a more volatile version of the Nasdaq.

Wow, it’s talking to itself.

I’m intrigued as to what the IRR will look like in this gold price environment, particularly if we have an AISC around AUD 1,400.

In terms of the capex spent from now until commercial production, it’s not far fetched to calculate a pay pack period of 12-14 months which is mind boggling.

I’d recommend everyone go look at Bamps post earlier today where he speaks of a 6MT high grade train from the WD and Hav, as well as low grade 10mt on the remaining train. This is not far off, and whilst I don’t want to speculate…one could easily calculate how this operational fcf would result in 4x of todays sp.

Great discussion TT and Bamps, appreciated.

Culpepper turning into Mapp.

Make a rhyme every time.

Was hoping for a more intellectual response as to the reasons Greatland would or would not look at acquiring Antipa.

Agree, in the 2030s Minyari ore will go somewhere. But the Telfer Inn is full, perhaps we can assist in putting through a couple MTPA of the high grade for a tolling fee. However, that’s a tough IRR for Antipa…again, stranded asset. They’ll need to put out a 10m oz high grade resource in order to turn heads. That will take a few years and costs half of their current market cap.

Corporate thinking will be that Antipa has a stranded asset, they can spend their own money (equity raises) developing it.

The people pushing the nearology play assume Greatland needs Minyari ore, and are stubbornly ignoring the growth drilling at Telfer; more importantly, ignoring the fact that Greatland intend to run circa 17-20mtpa on both trains with Hav and Telfer ore only, for the next 20 years. We don’t need ore….hence, they can spend their own money developing or flog it at discounted terms compared to their current valuation.

He’s only AUD 1b off, Timber ;).

We won’t be writing the full Hav cheque on Day 1.

Taking into account current cash in the bank, plus the next 24 month free cash flow, should be around $2.5b. Not outside the realm of possibility to extend Telfer and bring HAV online without the debt facility.

That said, I have no issues at all with using debt, particularly if it lets the company chase growth elsewhere.

However Element, ‘18x or 19x from here’….not sure we’re ready to be larger than Barrick!

Crazy that we got a score of ‘100’, however it is derived. Second place got an 84.5.

Errbody and they mama watching GGP!

Every village has one, Nine seems to be ours.

‘Privately communicating’ lol.

Free cash flow at todays gold price, based on current Telfer mine plan, is nearing AUD 1 billion.

MH, I think you might be using revenue figures not fcf but the point still stands, massively undervalued here.

Next leg up starts Monday IMO, as the first class passengers who were drinking champagne in the lounge have now boarded.

Crazy to think that on Christmas Day this year, GGP should have circa AUD 1 Billion sat in the bank….billion, cash. This is the same company that’s man in asset was a Ute to assist in exploration not too long ago!

Smear.

If GGP do want Antipa at some point, there are numerous ways to drive it down to a sub 150m market cap before making a move. Hell it nearly happened here with a much better asset closer to production!

Zoros, did you read the Macquarie note Element sent you?