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Ann: Procurement of Long Lead Items for the Great White Project, page-117

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disgracie

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26/08/22

12:44

Post #: 63342691
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Originally posted by Digger01: ↑

100% overreaction and illustrates that there are a lot of people who don't understand standard practice when it comes to Constuction of mine sites... and way too many people crying wolf.

Every single project that is ordering long lead items, which are 90% sourced overseas, will get them in 6 months to a year. In fact this is a good outcome as some manufacturers are struggling to meet the high demand post Covid.

This announcement was GREAT news imo. As noted in the announcement it is a further milestone ticked and illustrates more commitment and confidence.

The long lead items were not ordered at the time of the CR because of the vagaries that were still present at that time.

The plan has been modified and the confidence to place orders is a great message.

If one reads between the lines (which I rarely like doing), but this is tantamount to a decision to go mining, even if they have said that that will only happen after the PEPR approval.

Receipt of long lead items does not mean that is when the work begins. I am currently working on a rare earths project and we are only 40% through placing orders for the LLI's ... in the meantime the site earthworks is going, the aerodrome is being built, the fly camp has been built, the permanent accommodation village is under construction.. and all those good things that prepares the site for construction.. early works.

After all the bull earthworks are complete the concrete civils works will commence and then the equipment will be needed in the SMPP stage.

So relax .. enjoy the announcement... it was a great announcement.. and even greater for those of us who understand this and are now picking up some great buying opportunities.

@Williams11 ... another pearler of a comment from you..... my advice is get out ... you have lost your heart for this.

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nice cope, still garbage for 290 MC. Enjoy 5cent life xx

ADN Price at posting: 6.6¢ Sentiment: Sell Disclosure: Not Held
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Ann: Procurement of Long Lead Items for the Great White Project, page-117

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Ann: Procurement of Long Lead Items for the Great White Project, page-117

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