RE: Need some positive news followed by positive sp27 Apr 2022 22:44
We're in a hiatus. It happens, especially in mining. The average mine takes between 12 and 16 years. First drill by GGP went in, in 2018. We've covered 4 years with a max of 2 years to go to production. This is lightning fast by any standard.
Furthermore, NCM will not throttle back because of looming decommissioning costs @ Telfer if they get it wrong. This is the investors dream stock.......but it all depends on when you bought in.
Everyone needs to reaffirm their due dilligence and listen to all the available news and views to ensure they hit the right milestones @ the right SP. If the maths don't work in your favour, you need to reconsider your position, I would suggest.
Bear in mind - always:
There are billions of shares on issue and it will only own 25% of the mine.
Best
Z