RE: The Havieron Feasibility Study clock starts ticking down tomorrrow!30 Sep 2022 10:45
Chaos - global, economic. domestic and financial is upon us. The mining fraternity is not immune from this. For those who need succour when it comes to some of the above but in particular – financial, take time to listen to this:
h ttps://youtu.be/TMhJecmH9bQ
WM is much closer to the hub than any of us here. It's his job to project the fallout from all that is going on monetarily. GGP is again mentioned @ (19:40 mins),
It will lift your spirits and go a long way to neutralise the trolls on this bb.
I have revisited my strategy regarding GGP because of recent hirings and investments and partly because of feedback from the meeting with SD last night and webcasts of late and made the following conclusions:
[IM humble O]:
SD wants GGP to be Northern Star 2 but this time 'he' wants to be at the helm. He has catapulted GGP from a £4m near extinction event to a £275m serious mining contender, at breakneck speed.
He knew NCM was a takeover threat at the outset and has neutralised that threat by bringing in Wyloo who are now his ‘gate guardians. All prospects for a quick culling of GGP by NCM have now vanished. Though they remain professional partners and businessmen, SB will now keep GGP at arm’s length. This was again evident in SB’s recent webcast briefing where Havieron was hardly mentioned – even though it has the potential to be a jewel in NCM’s crown imminently.
SD is going to use GGP’s stake @ Hav as a springboard to the major league either by the addition of further discoveries and or future acquisitions. I believe SD has entered into an (unwritten) agreement with Fortescue Metals to dominate the Paterson. Hav will finance and fuel the early days of this relentless drive. For those amongst us who stay the distance – they will be richly rewarded.
In the interim, what will the FS (Q4/22) bring: A refined iteration of the PFS reflecting a (out of date) Nov ’21 baseline [improving economic confidence and accuracy of the resource from 25% to 15%]. An increase in output from SLOS production [2Mt to 3Mt] and a mine life extension [9 to 12+ years].
We might have to wait for NCM’s next MRE (circa Feb 2023) before the full resource (capturing drilling between Nov ’21 to Dec ’22) is unveiled. [6.5MozAuEq+++].
Within this time frame the decision to mine is going to be made (post FS), where SB will justify that $US450m of his shareholder’s money that has already been spent, will have been worth it, or he’ll be toast.
The decline will hit top of ore in late 2023. Stockpiling of mined resource will then take place @ Telfer for several months thereafter to optimise throughput at the processing plant, feeding it for another 35 years. 300kozAu/yr within 18 months of production.
We’re going mining. Shaun and Twiggy will be smiling all the way to the bank.
Z
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