Wall Street journal2 Aug 2025 10:21
Timberwolf posted good piece on Other site.
The Wall Street Journal
Basic Materials Roundup: Market Talk
Barrenjoey shrugs off Greatland Resources’s disappointing guidance. Greatland signaled production in FY 2026 would be some 11% below forecasts in the prospectus for its initial public offering. Analyst Daniel Morgan said the drivers of this downgrade are confined to ore sources at Greatland’s Telfer gold mine. “Telfer ore is not the main game for the Greatland investment thesis,” Barrenjoey says. Instead, it’s ore from the Havieron deposit, which can transform Telfer from a high-cost mine with a short life to an operation with low costs that can sustain mining for much longer. Barrenjoey said the 24% share price fall that followed Greatland’s FY 2026 downgrade is more than the 5% reduction in its net present value. It retains an overweight call on Greatland. (david.winning@wsj.com)
Take care all.
Xe