The Power of ROFR (Rights of First Refusal) 💥💥💥

[droverman]

Telfer just needs a couple more big deposits near by to keep running for 50 years or more and in the meantime restoration of the old parts can be done slowly using a small part of the profits which will be tax deductible on a yearly bases. The important part is to keep the operation going and as i have mentioned before Telfer workers have stated there are many small satellite deposits in the Telfer tenements of around 1000000 oz gold and huge deposit of cobalt. I have worked in the refinery business for many years and the big players like Shell, BP, Exon sell old plants for a pound, Guilder or dollar so they don't have to clean up, and smaller refiners shutdown the plants but keep the tank farms going so they don't have to clean up so no different with Telfer. Shell have sold many refineries for a dollar with the units running as a going concern, while companies like Ineos made a fortune by buying old chemical plants from BP and others like Grangemouth and ICI on the cheap Mr Ratcliffe went from Council house to Richest man in UK.
So for me Telfer is only worth a dollar or less and we control what happens to Havieron. I think the best way to go for all parties is for NEM to take royalty payment say 2% ex smelter and walk away from Telfer, Havieron and JVs GGP take over the lot and other NEM JVs where applicable. This is very clean and puts GGP and NEM in a very good position and not much money spent in figuring out how much for each part of the projects. Don't forget that American Royalty company XXXX Nevada so far has taken one billion dollars from Barrick and said there is a further half billion left to come, was the first project for them and from that was the company maker, only cost 2 million dollars at that time to take the position. So NEM have to think long term and can make a fortune from GGP in time. To the moon and back a few times. DM

[Hydrogen]

Lennie - there are two sides to a coin. The other side you forgot to mention is that the buyer of Telfer will have to sign a guarantee with the government to restore the site to an appropriate environmental standard. And how much do you think that would cost. Clue: In excess of $1Bn...So a future buyer must take this into account (which is why NEM could quite easily 'give the site away' to absolve itself of its restoration duties at some stage in the near future).

Hydro - you're getting worse....you have literal darrhoea which is circumlocutory to say the least!
Only recently you did a war and peace on shorting - which (as usual) was far from reality, now you're doing the same with future finance and mining options for GGP.
Even Bamps can't figure out your methodology.now.
Whoever buys Tel?Hav is going to need billions (plural). And that won't come cheap. In regard to mining - the SLOS will pay for the Bulk mine but over time - a long time. There are no short cuts in either domain (finance/mining).
Z

Just reading through a few old posts here... looking for some older info on Australian Pension funds who might buy into GGP... when I came across this ding dong over the the ROLR .,. No wonder my posts are often 'war and peace' ----

Interesting who on reflection was correct - and who wasn't, eh? - I reckoned $350 to 400m could get Havieron given the ROLR ... I was very close.

[zoros]

What on earth are you on about...........again.....

Zzzzzzz

[Hydrogen]

Did it go over your head Zoros? It wasn’t supposed to.