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donegaldemon

3,893 Posts.

1880

09/10/19

06:44

Post #: 40784786
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Originally posted by setfire2thehive ↑

I agree.

the comment of "were in advanced discussions" is just a buzz word for boards. and I mean that across the entire asx.

I mean serious; when has anyone said - were chatting to no one. or were having discussion but no ones interested.

DFS's typically if delayed it's more at the front end. they've called the q1 a few times and historically had contingency to q2 which is gone.

I suspect that the delay was originally such that the met tests and extra project acquisition can occur.

npv and irr is significantly altered on these premises. furthermore; they need the pit dewatered and Infill drilling to move tonnage from inferred to measured. again it's the measured category which underpins the DFS. doesn't matter about the exploration upside.

hence why 20y mine life at 5mtpa. as measured category is 106mt they'll bump this up handsomely with the infill drilling. also it's where mining starts so needs to be in there.

good discussion

SF2TH

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The comment “were in advanced discussions “ yes it could be just a buzz word or phrase ,, they aren’t going to say they are talking to no one , however they could just say “ we are in discussions “,, they have used the word advanced several times so I’d be inclined to think they aren’t just having the odd phone call here and they’re , I would interpret it as they are having serious talks with someone ,,,
Who is it and how advanced is what I’d like to know
Just my two cents worth

Last edited by donegaldemon: 09/10/19

AVZ Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
22 Upvote

1 Great analysis

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