tanami technicals, page-13

One thing which hasn't been discussed is the tens of millions that Newmont has spent on rehab at groundrush. All that work has been picked up for free basically. That has to affect the $$ per oz paid. There is a lot of unexplored ground out there, given the current mines in the area, everyone out that way believes that there are large discoveries to come. I believe a company like TAM can make a go of Groundrush and any further discoveries will be a bonus.
If you are of the opinion that why would Newmont sell the ground and plant if there was any value there, Newmont is a big company with big overheads. Newmont is a company that works in strange ways, sometimes in mind boggling ways. Denver is a long way from the Tanami. They have got a bargain IMO.
As far as I am aware the mill is in good condition as is all the infrastructure. Talking to old operators who worked in the pits, there are a lot of high grades left in the ground. I'm a buyer at the right entry.

NtpHil