RE:RE:RE:RE:DEAD MONEY ALTERNATIVEPower -
I suggest you have a closer look at the March 2022 technical report. Yes, the current mine life runs to 2030 but there is next to zero production in 2030, so practically speaking the life is to 2029. However, from next year they start processing Tuzo ore which is both lower grade and lower value. 2024 is an absolutely grim year when it's mostly low grade Tuzo ore - about 1 c/t. Things pick up in '24 and '25 as more 5034 ore comes to the plant, but then the bottom drops off the business starting '26 to the end of the mine life when it's 100% Tuzo ore. To remind you, Tuzo grade is less than 1 c/t and the diamond value is about $90/carat, so rock value of $90/t. Operating cost, including stripping, is about $100/t. There's negative operarting margin, hense no free cash flow, no dividends, etc. Forget about Tuzo undergrounf. Underground mining costs far exceed the rock value. On Heanre underground - yes, that will help a little, but too little too late. On Kelvin, Faraday, etc. - forget about it. De Beers will never agree to bringing that into the mine plan. Past CEO Mr Whittle lied to shareholders saying he had an agreement with De Beers. That was bull$hit. Current CEO is just dreaming. Bottom line: MPVD is DEAD MONEY to end of mine life and only shareholder who will make anything is Desmond through his staggeringly high interest charges.