Ann: $25 million Institutional Placement, page-107

Hello PH, the general theme of your posts give me pause... but I will give you the benefit of the doubt.
Stage 3 cutback has been planned since the DFS, though... thought they never got past Stage 2, which.. is hard to show, albeit still possible when you look at the actual pit image.



sigh.. after 30 minutes of searching, I finally found your great post @Joelstar,
https://hotcopper.com.au/threads/ann-new-results-confirm-scale-significance-of-never-never.7142149/page-46?post_id=70471723
(sorry... some issue with the site have stopped me creating a nicely titled link to the post.... grrrr)

Suffice to say, you should take a read PH. It will answer your questions and prove that there is no issue to expanding the current pit because... GCY/SPR barely finished Stage 2, plus bits and pieces of Stages 3 & 4, out of 6 stages................


To be clear, I was trying to reinforce that in the early years, they may not need to do the full Stage 3 cutback, because, the Eastern Wall and NN open pit will have 3+ years of base load ore all on their own. They may well have Archie Rose for another year on top of that.



I just don't see the Western Waste dump being as issue, unless they mine through to Stage 6, then.... damn I look forward to them having the joy of move part of the dump to access another 5-10 years of base load ore.

Anyway, off to see I can learn how to repaint a car bonnet using You$ube.