Havieron in itself has plenty of gold and a significant mine life. BUT its a cave operation. Where the decline is, is kind of academic. Theres a bit more to setting up a cave. Understanding when first "production" ore comes and secondly, nameplate production rates would interest me more..
While water issues I cant confirm or deny, ground conditions are, and will continue to be representative of an orebody suitable for caving. Is what it is.
It will make money in time I'm sure. In the meantime the mill at telfer will need feed and assuming it will all come from the existing deep, hot, geotechnically complex mine with aging infrastructure is optimistic. Cheap, fast or good - pick any two.
I like what Greatland are doing for the region - I really think there's a-lot more to discover up there and consolidation is the way forward in the Patterson.
AZY Price at posting:
81.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)