TBC
There is an easy way to get to this target at a $6B MC here.
I have outlined it in this thread many times.
step 1 - offtake with Trafigura/Jinchuan/BHP and cash deposit $45M with debt loan $45M
step 2 - refurb mill BS circuit 2 & dewater the BS open pit
step 3 - start production at SS GS gosling BS dissem to BS mill circuit 2 of 1.1MTpa 8ktpa
step 4 - refurb circuits 1 & 3 at BS & start production of FTWholeM to 2.2mtpa using BS open pit ore
production soars to 16ktpa-25ktpa
step 5 - refurb LJ mill and dewater EA MH mines
step 6 - start production at LJ based on 2015 DFS (AISC of 5.31 now at 31% lower AUD$) 8ktpa -15ktpa
step 7 - dewater W and transport W ore to BS mill, another 10ktpa
production rockets 8ktpa-15kpt-22ktpa-53ktpa
NP rockets from 10-11-15-25
revenues triple, margins triple, divy issued, share buybacks instituted
MC follows the money and POS becomes the bankers darling
Why have they stalled before step 1 so many many times?!
Why is the offtake being "finalised in months" since Nov 2020?!
TBC hey presto, simple, is it not?!
$2 Club, page-544
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