Absolutely agree.
The other important points to make are:
1. Telfer is a very, very large plant - 24 million tons/annum capacity
2. The Telfer mine ore at present is very low grade
3. The Telfer mine is running out of ore within 3-4 years
4. The Havieron deposit is deep. The time to get a Havieron mine to the point of producing ore for Telfer is of the order of 2024-2025
5. Would Newcrest benefit from finding an open pit option offering higher grades than Telfer currently has? Especially within trucking distance of the Telfer plant?
6. Most of AZY tenements are within trucking distance of the Telfer plant.
2021 what will it bring?, page-73
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