Ok, Its Sunday, time for the spreadsheet update, again will do it for the next few weeks only.
Unfortunately, not much happened during the week in terms of news or our share price.
However on Tuesday we did have a flutter of volatility in the share price with 32m being accumulated at 1.2c.
And there has been smoke on the horizon in the papers about speculation on both Winu and Haveiron ownership, these could be enormous re-rate opportunities to the AZY share price, news will come, but might need to be patient for another quarter.
But our immediate focus will be on the upgrade MRE for Minyarie and GEO-01, scheduled for release this week, but they can run overtime and into the first week of Sept.
But it is very near, and at a time of a all time high in gold price.
I have not idea, but would be very happy with an addition 450K oz overall, but that's just a stab, but it adds about another 3yr of mine life.
Whatever the number to be, it will still grow overtime, and every oz that we can put into the resource ultimately will become extremely valuable.
I still can't work out how Greatland Gold's valuation stacks up if it utimately gets to buy Telfer and the other the 70% of Havieron, their market cap would be around 1.5 - 2b including debt and getting into production. But I can work out how that market cap works out at a current 2Mt pa or possibly 3mt pa upgraded deep underground operation.
Maybe a another cutback at Telfer openpit and a bit from their unground operation combined with Havieron will get them to 50% of 1 train at Telfer, but remember our grade will be 3 times that of the Telfer operation and still higher than Havieron.
So the MRE to be released is extremely important in giving us the ultimate potential of a mine plan stacking up, and an even better negotiating standpoint if it is to be toll treated at Telfer as an option, which i still think logically it will be, as i can't see how Telfer stacks up otherwise.
Anyway, enjoy the week, and keep an eye out for news, it could be a big week, or two?
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