Ann: Update on Mt Gordon Copper Payment, page-116

  1. 3,242 Posts.
    lightbulb Created with Sketch. 2171
    Forget the annual rpt - that will tell you the history - which, whilst interesting and helps paint a picture of where they’ve come from it won’t tell you where they’re going.

    This is all about their tin project in Tassie (or their 50% ownership of). Two main tailwinds-

    1. The tin price which is appreciating due to severe supply issues and at the same time upticks in demand

    2. The mine which as Arsenic has said has been around for a very very long time but recently had a major step change in economics driven by a new high grade discovery deep into the mine and the installation/implementation of an ore sorter which has help to lift feed grades into the plant. An illustration of the step change in economics below.

    Ohhh and they also hold a big copper mine on C&M and an huge Nickel/Cobalt project.

    upload_2021-1-22_14-25-24.png
    Last edited by Cashmeoutside: 22/01/21
 
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