To find out whats happening and whats about to occur we just need to go Back to the Future!
This is where all questions or most will be answered.
Like why was FEL given such a sweet deal?
How are we going to get 5 to 7 mt to port.
Which port?
How much is it going to cost us?
Admittedly costings now as compared to previous costing may be out by a factor but the idea is still there.
Pre feasibility studies, pre feasibility technical studies, scoping studies and there was talk of Bankable feasibility studies and probably more have already been done on these questions above.
Do we really believe that the Gold demerger is something new?
This is from a report in 2009 and has lead me to believe that they are following previous guidance to shipping from Esperance.
As oldmate
@stevo2373 suggests with our current fleet we would be able to move multiples of current haulage rate if we went through Lenora.
Funnily enough this has all been worked out for us way back when............ 2008 2009 2010 when ore was the focus and prices were high and we had multiple studies completed or underway.
Now this is only the tip of the Iceberg!
With FEL, why were they given such a sweet deal and how many out there were knocking the management for letting them have this for little gain?
My opinion then as is now is that GWR are building a conglomerate or a group which can work together towards getting Essperance shipping off the ground and destranding our asset. If we look at how GWR intended to get production rolling during 2009, "Short Term Strategy", we see a similarity to where FEL is currently.
Now with FEL considering 850ktpa going thru Geraldton then they could be up for close to 2mtpa going thru Lenora.
GWR does 6mtpa thru Lenora then we have just got ourselves a partner to share in the development of a link to Esperance.
75/25 am only guessing everything here but it all makes sense to me.
Now that we have a partner in crime we look at the costings......
That 75m Capex is for 50% of costings when we had more than one partner in mind so with only fex we would be up for 120m and FEL for 30m as per 2009 figures. We will have, if current prices remain buoyant, approx 80 -100m in the bank come end of Dec. Changing our JORG from 2004 to 2012 is what is required for a renewed Bankable feasibility study to commence and obtaining loans for which may not be as huge as people think.
That leads us to our Medium Term Strategy.
Now this does state that all this to take 3 years to get into place but 11 odd years have already passed so am kinda hoping that some of this may already be in place and I just haven't found it yet, or it hasn't been announced.
But wait there is more..................
Once we get this going then the long term plan is I think to rail it from Wiluna and obviously more funds will be needed but if we can get to a stage where our Opex is 70/t then we may have a chance to progress to the Long Term Strategy.
All this is what I see happening and the Medium Strategy is just about to be announced, well that's just my own view and opinion but its hard not to see the similarities of previous announcements and current goings on.
AIMO lets just jump in our DeLorean and see what's going to happened.
Would love to hear your views!
(20min delay)