I reckon you my be overestimating DB...might find that the 1500m...

First 6911 Last

Share
Profile

Follow
pilko3

6,763 Posts.

859

03/07/24

01:45

Post #: 74578128
Share

Originally posted by Davy Boy: ↑

I'd guess that when we hit full field development that they will certainly be involved.
Having listened to the update for the fourth time this morning its clear that Mutapa will be the entity that administers the GOV 10% back in.
We are ~ 100km, at Mukuyu, significantly closer out East, from the 330kv lines. To build ~ 100km of high voltage would cost ~ $25 million based on a similar project in Africa.
I think the pilot programme will probably have us doing a small LNG plant and trucked the 50km to the mine.
The diesel generators onsite wil be flipped out for gas fired.

I personally think we are going to see investment in to IVZ in all sorts of ways.
I think when it drops we will see just how supportive the gov, insto's and service companies are going to be.

Just from a drilling perspective and cost.
If the side track costs ~ 8 million
The shelf edge and eastern wells are all ~ 1500m
Based on Mukuyu 2 drill speed of 10 days per 100m and a 40% cost saving I'd estimate the shelf edge wells to cost ~15 million each max so 2 wells and flow test for 40 million.

Expand

I reckon you my be overestimating DB...might find that the 1500m wells are down around the $10 million mark or even less.
That would mean fast and cheap...icing on the cake if they are producers eh?

IVZ Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

I88

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

29M

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

PH2

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

There are more pages in this discussion • 150 more messages in this thread...

First 6911 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 8.1¢		Change 0.008(11.0%)		Mkt cap ! $114.8M

Open	High	Low	Value	Volume
7.3¢	8.2¢	7.2¢	$413.1K	5.307M

Buyers (Bids)

No.	Vol.	Price($)
1	20000	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	122052	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.080
3	30643	0.079
2	256154	0.078
4	165558	0.077
2	157500	0.076

Price($)	Vol.	No.
0.081	122052	1
0.083	409000	2
0.084	280000	1
0.085	3900	1
0.086	60722	1

Last trade - 16.10pm 22/07/2024 (20 minute delay)

IVZ (ASX) Chart

I reckon you my be overestimating DB...might find that the 1500m...

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I reckon you my be overestimating DB...might find that the 1500m...

Top Stories

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News