Yes, DTR REE could be well undercover, maybe 10m or 300 m+ deep, will only find out with further exploration...
maybe nearer term >>>> aggregate deal????
One Question I asked our MD sometime ago was around the aggregate, he has at least 4x aggregate companies, interested ... I asked if this will take time to get any deals bedded done maybe early next year ?? ..no plan much sooner was the response ... which makes sense with BFS planned release DEC.. could really change the CAPEX/OPEX numbers ...
asking grok around CAL.USA aggregate companies
Vulcan Materials Company (NYSE: VMC)Location:
Operates multiple aggregate quarries in California, including facilities in Los Angeles, San Diego, and Sacramento areas.Aggregate Operations: Vulcan is the largest U.S. producer of construction aggregates, supplying crushed stone, sand, and gravel for infrastructure projects like highways and commercial buildings.
In California, Vulcan’s operations support the state’s construction boom.Market Capitalization: As of June 2025, Vulcan’s market cap is approximately US$35 billion (based on recent industry reports and historical data from 2015, adjusted for growth). The 2015 Rock Products report noted Vulcan’s strong performance with a Q3 revenue increase of US$165 million and an EBITDA multiple of 11.6x, indicating robust valuation.
Precise 2025 figures are unavailable in the results, but Vulcan remains a leading publicly traded aggregate producer.Relevance to DTR: Vulcan invests in automation technologies, such as autonomous haul trucks and drone-based surveying for quarry management, aligning with digital transformation.Robotics could be used for material handling or processing in their California facilities, though specific adoption details are not provided.Why Included: Vulcan’s extensive California operations make it a key local aggregate miner, with a significant market presence
Martin Marietta Materials, Inc. (NYSE: MLM)Location:
Operates aggregate quarries in California, including the Clayton Quarry in Contra Costa County and facilities in the San Francisco Bay Area.Aggregate Operations: Martin Marietta is a leading U.S. supplier of aggregates and heavy building materials, serving California’s construction and infrastructure markets. In 2015, it sold its California cement business to CalPortland for US$420 million, focusing on aggregates.
Market Capitalization: As of June 2025, Martin Marietta’s market cap is approximately US$30 billion (estimated from 2015 data and industry growth trends). The 2015 report highlighted high valuation multiples and a 2.1% increase in gross profit margins, supporting a strong market position.Exact 2025 figures are not provided, but Martin Marietta is a major player in the aggregates sector.
Relevance to DTR: Martin Marietta employs digital fleet management systems and predictive maintenance analytics to optimize quarry operations, indicating digital transformation.Potential for robotics in material processing or automated loading systems, though not explicitly mentioned in the results.Why Included: Its California aggregate operations and public trading status make it relevant, with a focus on high-margin aggregate production.4.
Summit Materials, Inc. (NYSE: SUM)Location:
Operates aggregate facilities in California, including quarries in the Central Valley and Southern California regions.Aggregate Operations: Summit is a vertically integrated construction materials company, producing aggregates, cement, and ready-mix concrete. In 2015, its Q3 net revenue increased 22.4%, driven by acquisitions and volume growth in aggregates.Market Capitalization: As of June 2025, Summit’s market cap is approximately US$7 billion (estimated based on 2015 performance and recent industry trends).
The 2015 report noted strong revenue growth and strategic acquisitions, suggesting continued expansion.Precise 2025 data is unavailable in the results.Relevance to DTR: Summit uses data analytics for supply chain optimization and may employ automated equipment in quarries, aligning with digital transformation.Robotics could enhance aggregate processing efficiency, though specific adoption is not detailed.Why Included: Summit’s California operations and public trading status make it a relevant aggregate miner, though smaller than Vulcan or Martin Marietta.5. CalPortland CompanyLocation: Headquartered in Glendale, California, with aggregate quarries across the state, including in Los Angeles and San Bernardino counties.
Aggregate Operations: CalPortland is a major West Coast supplier of aggregates, cement, and concrete, serving California’s infrastructure projects. In 2015, it acquired Martin Marietta’s California cement business for US$420 million, expanding its regional presence.Market Capitalization: CalPortland is privately held, so no market cap data is available. Its significant operations in California suggest a valuation comparable to mid-sized public companies, potentially in the US$1–3 billion range (based on industry benchmarks), but this is speculative.
Relevance to DTR: CalPortland invests in energy-efficient technologies and automated batching systems for concrete production, indicating digital transformation.Potential for robotics in aggregate quarrying or processing, though not confirmed in the results.Why Included: Despite being private, CalPortland’s extensive California aggregate operations make it a key local player, relevant for comparison to Dateline’s aspirations.
Notes on Other Companies Granite Construction Incorporated
(NYSE: GVA): Operates aggregate quarries in California (e.g., Sacramento and Fresno areas).
As of June 2025, its market cap is approximately US$3 billion (based on recent industry data). Granite is primarily a construction company but has significant aggregate operations, making it relevant. It uses digital project management tools and may explore robotics for quarrying.
Heidelberg Materials (formerly Lehigh Hanson):
Operates aggregate facilities in California (e.g., Irwindale Quarry). As part of HeidelbergCement (ETR: HEI), its global market cap is approximately US$18 billion, but California-specific valuation is unavailable. It employs digital quarry management systems and could adopt robotics. Heidelberg is included for its California presence
I think a JVP deal with one of these above majors would be worthy of a decent re-rate
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