Quin,
Understand your confusion.
My understanding is, current contract at Batu Hijau drops in activity in next few years, but has a considerable tail period, out to 2031, possibly involving remediation works towards end.
However, a reassessment of the mine resource, together with a strong gold price, suggests a continuation of mining at BH is very attractive for owners.
MAH is in an exclusive/preferred position for that BH extension business, and hopes to ink a deal in Q1, 2021.
I recall hearing that agreements suggest mine owners ( being MAH's major shareholder) might assist with up front capital equipment cost, which might be significant, given revenue size looks like $1.5-2 billion.
This is all at BH, not to be confused with a nearby possible second mine.(Elang), which is separately being assessed
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Mkt cap ! $765.0M |
Open | High | Low | Value | Volume |
35.0¢ | 36.5¢ | 34.5¢ | $894.4K | 2.535M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 57400 | 35.0¢ |
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Price($) | Vol. | No. |
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35.5¢ | 5495 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 57400 | 0.350 |
4 | 151128 | 0.345 |
2 | 42000 | 0.340 |
4 | 382965 | 0.335 |
6 | 352560 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 5495 | 1 |
0.360 | 79144 | 2 |
0.365 | 10010 | 2 |
0.370 | 30000 | 1 |
0.375 | 20000 | 1 |
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