Post by
geolteacher on Apr 18, 2024 11:41pm
got water? not so much.
a couple slides into the investors presentation they say Stage 1 20,000 tpd; Stage 2 80,000 tpd.
Further along they say the water trucking contract will support only the 20,000 tpd project.
There's a lotta word salad about pipelines and desalination plant and other thirsty miners. Don't make a decision to buy based on that!
However - IF all other numbers remain the same - the IRR will be an insane %50 at $2200 gold - at 20,000 tpd.
Another slide says commissioning in late 2025. Nameplate production winter of '26-'27?
At 20,000 tpd they project producing ~90,000 oz Au per year. This is not a world class project. There's little/no indication the deposit will be expanded, or another deposit found on the property.
AISC ~$1250. not bad. Remaining capex to spend: <$150M. Remaining needed to finance: <$150M.
Maybe a mid-size company will buy and build it. It's too small for a biggie to buy.
Comment by
Nick2021 on Apr 20, 2024 9:00am
At 20,000 tpd they project producing ~90,000 oz Au per year. This is 75% of WDO's production, with a heap leach. If the pipeline is approved, they'll have a simple, cheap water supply to built an operation 2-3 times larger. What's not to like?
Comment by
loonietunes on Apr 20, 2024 4:32pm
All about keeping your blinders on while ot infolds