Interesting post Forb.
I take your point about RF possibly playing a long game (but personally I think he will move far quicker). I disagree about not having anything to feed into REDs plant. Tower Hill open pit is the logical starting point, then GMD could just fob off the DCN plant and create a pure low cost 400-500k p.a production hub within 30km of each other.
RED is likely at peak production for the next 3 years, due to feeding the Darlot U/G ore into their hungry mill (Darlot has just under 3 years of reserves).
Which would see RED's production profile slow to 165-175k (assuming nothing else changes with the mine plan or further plant expansion/throughput, or LOM extensions at Darlot).
2027/2028 would see RF and GMD just brining Tower Hill into production, which would be a very pertinent time to make a move with the clear logic that trucking ore 100km to a plant half the size of KOTH, is not going to be as profitable as sending 20km up the road.
I very much agree about RF and LT not being particularly interested in working together.....
- Forums
- ASX - By Stock
- GMD
- Ann: Growth strategy underpinned by robust Reserves
Ann: Growth strategy underpinned by robust Reserves, page-16
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMD (ASX) to my watchlist
|
|||||
Last
$2.07 |
Change
0.115(5.88%) |
Mkt cap ! $2.322B |
Open | High | Low | Value | Volume |
$1.99 | $2.07 | $1.96 | $18.52M | 9.155M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 83332 | $2.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.07 | 148660 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3960 | 2.040 |
2 | 8886 | 2.030 |
1 | 3960 | 2.020 |
1 | 3960 | 2.010 |
2 | 4211 | 2.000 |
Price($) | Vol. | No. |
---|---|---|
2.070 | 6039 | 3 |
2.080 | 5921 | 3 |
2.090 | 3960 | 1 |
2.100 | 74346 | 11 |
2.110 | 5464 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
GMD (ASX) Chart |