Geezzusss - so much info in there.
Thanks heaps for posting it.
I've just reformatted it so it's a bit easier to read and left in just the main points (most of the article!):
- Beament will embark on a global marketing campaign this week to attract institutional investors
- Develop's shares being priced in dollars rather than cents would be more attractive to large funds
- "I don't want to pump our tyres up too much but we have an ASX 100 board"
- Earlier this month, Develop launched its underground mining services division and made its first appointments
- Former Northern Star employees Paul Nilsson and Aaron Armstrong were appointed as manager mining underground and maintenance manager underground, respectively
- "Develop has a "major project status update" for its Sulphur Springs copper-zinc project in the Pilbara due in the next two weeks
- the company completed a A$10 million, 68-hole drilling program
- about 25% of the results will be included in the upcoming update ("We're really excited about how that looks")
- A resource update is due by mid-2022, which will feed into an updated bankable feasibility study
- A definitive feasibility study was completed in October 2018, but copper prices are now roughly 60% higher, while zinc prices are 30% higher
- The DFS identified an initial 10-year mine life - "From what we're seeing in the drilling results, it looks like it's going to be substantially bigger"
- Develop is aiming to have a bankable project at Sulphur Springs by the end of 2022 and will run several funding streams for the project ("It should be straight down the fairway in terms of financing")
- Develop will look to use debt to grow to minimise shareholder dilution
- The company would consider partnering on global projects and taking equity stakes, but only in green metals like copper, zinc, nickel, lithium, rare earths and silver
- Develop's board has been involved in 14 major deals worth $50 billion across four continents
- "M&A is in our DNA" - "I never talk about it publicly, but it's fair to say we'll be active"
Cheers,
GB.
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Geezzusss - so much info in there. Thanks heaps for posting it....
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