The purpose of this thread was to discuss the restart of BS production which seems to be proceeding albiet slowly and quietly with no fanfare in stealth.
Amny milestones required for restart have been diligently and methodically ticked off.
Dewatering I predicted last year would commence in stealth, SPOT ON.
Refurbishments I predicted last year also started, called pre-production works plus electrical works.
We did not hear announcements like these which I speculate should or could have been issued but never were the last 2 years, most buried deep in Qlys or in other releases or never highlighted -
STAFF CAMP FROM LJ INSTALLED AT BS - CAPACITY HOUSING OF 200 STAFF
COUNCIL TAKES ACTION TO ENFORCE STAFF CAMP BUILDING PERMITS AT BS
DEWATERING APPROVED BY BOD MAY 2022
MAY 2022 MASSIVE DEWATERING PROGRAMMES UNLOCKS $7.5B JORC ORE
JUMBO DRILLERS COMMITTED TO SS FOR 6 MONTHS
JUMBO DRILLERS REFURB SS DRIVES TO MINEABILITY LEVEL
GSOLING DECLINE REFURB TO ENABLKE MINING OF DISSEM ORE
BS DISSEM ORE INCREASE IN GRADE & SIZE
BS OPEN PIT TO COMMENCE MINING EARTHWORKS DECEMBER 2022
BS OPEN PIT ORE DEEMED ECONOMIC TO MINE WITH NP at 8.00
HIGH MARGIN PRODUCTION with EBITDA of $300M PA
OFFTAKE TENDERS RECEIVED FOR $3B REVENUE FROM 3 OFFTAKERS
The preparation for restart is well advanced and way ahead of the schedule that many on here predict.
The BOD clearly has approved many works and spending on these restart milestones but still havent announced restart. They are keeping their options open & not committed to any offtaker yet.
I said years ago, watch their actions not their words.
At this rate a 2023 production restart earlier than thought is on track imho.
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