This update is just another reminder on how far off the mark TNG currently is .. Given the scale and complexity of the mine and operations coupled with the utter incompetence of TNG management to deliver the project. It is clear how far away this thing is from production.
TNG would be 12-18 months away from a FID. I am not aware of what the estimated construction time would be, however I would assume 3 years, maybe more. That brings us to the reality that the earliest TNG can be producing would be 2027 ?? Probably 2028 ... That is a freakin long time from now. Patience could be rewarded heavily, but then again, how many more CR's would be required to get TNG to the FID ?
TNG would be lucky to have less than 2B SOI by the time it gets to the FID, which overall impacts on the long term SP potential.
Ann: TNG Mount Peake Aquifer and Borefield Update, page-29
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