Hey @eshmun, long time fan and appreciate your input.
As you state I am not in the market to scare monger as complications at depth are very common but I would say that investors should be aware of the potential increased risk. Sometimes I see a disconnect between the investors and the actual mining process, at the end of the day without good stable access the ore can not be extracted.
I am unsure if people have a broader view of the market but Newcrest had large delays at Cadia due to geotechnical issues last year:
'The eartquake damage forced the mine to close down from April to June 2017 and resulted in a year-over-year slump of 48 per cent to the miner’s half-year (HY) statutory profit of $98 million.'
https://www.australianmining.com.au/news/newcrest-receives-us155m-cadia-earthquake-insurance-settlement/
Im not saying it will happen and heaven forbid it does, I am just stating that if it does there isnt much left in the back catalog at SBM as another ore source, therefore making it overpriced IMO.
The tree details for stopes I have also heard of in Kambalda but now PAF backfill would be used. At Gwalia this is taken from the surface fixed plant and pumped underground via a service line to the required stoping area. This may have changed with the recent upgrades.
- Forums
- ASX - By Stock
- Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast
Hey @eshmun, long time fan and appreciate your input.As you...
-
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
34.0¢ | 35.0¢ | 33.5¢ | $1.761M | 5.126M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 62700 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 119395 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32500 | 3.430 |
9 | 72187 | 3.420 |
11 | 203897 | 3.410 |
9 | 117260 | 3.400 |
11 | 118353 | 3.390 |
Price($) | Vol. | No. |
---|---|---|
3.440 | 192470 | 22 |
3.450 | 143302 | 12 |
3.460 | 61139 | 4 |
3.470 | 41621 | 7 |
3.480 | 81907 | 5 |
Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |