$40 cents club, page-1117

Hey Rowing. Currently, I am 1 year off but I am confident RED will easily extend the mine life (though... the market would probably prefer a 7mtpa operation with a 10-11 year mine life anyway).



Mind you, the above excludes the Darlot contribution which for the past 12 months added approx 700,000t of ore to the plant. Whilst they only have a 3 year mine reserve at Darlot currently, I think they will be able to continue to extend it (I mean the MRE is many times larger than the reserves).

I am basically accepting that RED won't be a separate company come 2025 (but who the owner will be is the only question mark).
McPhillamy's is a disaster. 12 years... huge huge engagement with all stakeholders... and the result is basically a project that won't be built. Well done NSW Gov.

I think many of the producers you mention sitting on cash, are not going to make the mistakes made back in 2006-2013 (acquisitions for the sake of simply having a higher production profile). Those that survived it, simply will never make purchases like.. IGO did more recently (not in the gold space, but the result was terrible). They prefer to either buy into even better assets than they have or internal growth. We will see of course.