GGPChat

Or they could be exhaust vents and fresh air is drawn in via the decline .. seems more likely as the tubes are more stable that way.

Hydro they wont be one inlet and one outlet, they will both be inlets and the decline itself will be the outlet.

Can Telfer be operated at a profit?

Yes it is already and with current gold prices definitely yes !

How long before any reinstatement cost need to be paid?

At the end of mine life .. so not for a long time !

Will reinstatement in say the next three years make Telfer unprofitable?

No ..see above !

Shiny bits .. I worked in a copper mine 4450 ft deep with ore being extracted on various levels fro 1380 .. down to 4400 . In all my time there the conveyor belt and hoists never stopped unless there was a fault, when mining on different levels there is a continuous flow of ore to the crusher and he...

Shinybits ... thx for the info .. I had to laugh at your mention of topsoil .. I think it is desert and there are tons of sand all around .. so I would not worry too much that depending on how it is done and not to ruin the habitats !

Zoros.. I am sure SD is well aware of that and would expect a yearly accumulation of funds to cover there's costs from profits .. which again can be claimed against tax .. Telfer could be given away at a cost to Newmont towards the decommissioning ., which would reduce the cost of 70% of Hav .. it d...

Zoros.. and Hydro .. something missing from both your posts is .. IF GGP buy Telfer they will instantly be making money, plus I would expect GGP to have an idea how they could make even more out of Telfer .. that would pay the AISC and the mine development costs .. imho.

But nowhere near the size of ore body or backing from a co. Like Wyloo .. or have ROLR on 70% of the mine .. slightly different I think !

Bamps,
Do you think that has any bearing on what we are doing ?

Is it not that the copper pays for everything and the gold is profit

A conveyor or a train .. if as they suggested running Telfer for 2 weeks then 2 weeks maintenance .. then the train would be a better option, I think. And even if they went to 10mt a train could cope . It is all down to cost I would imagine.

I think SD wants to keep 100% of Havieron . But can see where you are coming from Hydro .. but take into consideration the fact we will be producing 300,000 oz of gold on average for the next 5 years at present conditions, but this could easily double depending on mine plan changes if GGP owned it a...

Oh I wish you had asked him about Rudall and those hits there at the end of the drill good stuff again though

Roll on production

It’s funny with the share price, it puts doubts in your mind, then you remember how fast NCM are developing this, and how much money they are throwing at it, they wouldn’t be doing that if it isn’t as big as we think and they know