RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Key Piece of Information on StormI am not sure BHP is buying - trying to buy - OZ for West Musgrave; pretty sure they want OZ for its central australia copper plays. Although their western Australia sulphide nickle refinery does need ore....either way.....you are once again trying to confuse the issue and in this case by moving continents.
AS Northerner - do you think the capital investment required to even mount a seasonal mining operation at Storm are worth it? In 2023?
You have a couple of years of permitting, then yuo are giong to mine shallow pits, shake, the ore to 53% (sic) and barge it to Quebec (?).......seasonally? How much you looking to generate in annual EBITA to do that? Moreover, who is giong to invest the money to do that - FOR THE FIRST TIME - that far north.
Its just to small an operation to warrant the current $40M CAD market cap spread between Aston and AW1. I mean look at Baffinland; HUGE opeation that they can hardly make work with scale. WITH SCALE and high iron ore prices. And the permitting issues they have there; contract that with what is likely at Storm.
You dont want to the first to try anything up North; look at TMAC/Newmont and Hope Bay if want a case study; BHP was smart enough to walk away from that (although gold was never their focus)
It was a nice play; and in 5 years somebody might dust it off again. But winter is coming, and exploration next year is a question mark.
I could go on, but I think I have included anough for TU in this post. It was nice to discuss this with TU; nice break from the usual cut and pasts nonsense we see on this board and I hope you stick around.