Quokka

Engineer. Nothing here is financial advice. Your chips, your risk.

[Quokka @StripRatio]

@respeculator Ramelius will be taking Carouse Dam for another hub 🎯

[Respeculator @respeculator]

$NST.AX 🤔🤔

[Quokka @StripRatio]

New write up on St Barbara. Math doesn't math.

SBM.ASX #SBM

https://t.co/9bx2OetRM7

[Quokka @StripRatio]

@dcb30a @longarmlopez Where is the resource from?

[Quokka @StripRatio]

FY 27 - The Year of the Mill Blowouts

[Emanuel Ajay Datt @eadatt]

>income tax
You worked and someone paid you. We'll need to take 30%–47% of that, plus the Medicare levy.

>GST
Oh you would like to spend some of the income we let you keep on goods? We'll have to charge you an extra 10% for that.

>negative gearing
Oh you bought an investment property to offset losses against your wages? Let's scrap that. We did rule out changes before the election but we changed our minds.

>capital gains
Oh you invested prudently for the long-term? Thank you for putting your risk capital into our financial system, we now be taxing it as short term income.

>aspiration
You're young. You worked hard, saved, invested, picked up a side hustle to get ahead. But we're making sure the ladder you're climbing has fewer rungs than the previous one. Don't worry, we're doing this for your own good.

At what point did you realise the game was rigged before you sat down?

[Craig Kelly:🇦🇺Foundation for Economic Education @craigkellyAFEE]

Australia should be the wealthiest country in the world, but we are governed by totally incompetent and clueless fools.

China has approved another 10 nuclear power stations at a total cost of US$27 billion (~A$38 billion).

They will generate around 12,000 MW of electricity 24/7 for the Chinese economy.

In contrast, Australia is spending $42 billion on Snowy 2.0. which generates zero electricity.

In fact, it destroys energy, because the electricity used to pump the water uphill is around 40% more than the electricity it produces when the water is released to spin the turbines.

Even then, on an intermittent basis, Snowy 2.0 can only deliver a maximum of 2,000 MW.

If we keep this up, China is going to own us.

The decisions being made today by totally incompetent fools like Bowen and Albanese — with their Net Zero obsession — will impoverish future generations of Australians.

[Quokka @StripRatio]

SBM March Quarterly update should really be called the start of April quarterly update.

MC $774 m
Cash and Bullion of $504 m (as of 2/4)

A realistic pathway to 200k oz/year within a couple of years…

[Quokka @StripRatio]

SBM gets Torquay restart FID approval, which is a huge step. Nova Scotia is backing mining and the stock still drifts.

Does the market not get this is the first step to a fully owned, 100koz/yr 11+ year operation, only needing restart capex?

SBM probably need a name change.

[Quokka @StripRatio]

@Bogan_Geologist

[Quokka @StripRatio]

@ChuckChunder007 What am I missing with Arika?

I’m curious why no one has touched a mine that previously produced ~331k/oz @ 15g/t during 1922, which closed due to “water issues”?

[Quokka @StripRatio]

SBM gets Torquay restart FID approval, which is a huge step. Nova Scotia is backing mining and the stock still drifts.

Does the market not get this is the first step to a fully owned, 100koz/yr 11+ year operation, only needing restart capex?

SBM probably need a name change.

[Quokka @StripRatio]

St Barbara again with multiple announcements in a single day, I am still unable to see the benefit.

On a separate note, Nova Scotia looks very promising.

#SBM

[John435 @GlenGoulds]

@stokdog Given what has happened in the Persian Gulf , Singapore and the rest of Asia represent a generational market opportunity for Australia to position itself as the premier source for LNG and oil to the whole of Asia

[Quokka @StripRatio]

With the Strait closed, nearly 30% of global fertilizer trade has gone offline.

This is a once in a generation chance for ICL/Anglo to prove polyhalite’s (POLY4) potential as a primary fertilizer and lock in commercial demand.

Who says no to a potential season saver?

[Mark Thompson @METhompson72]

If you were to create list of people in the UK who really understand metal supply and demand, have built mines, know commodity economics, large scale industrial investment, project feasibility, permitting, development and finance: then it would not be a long list, but my name would be on it.

For all of the people who know that electricity is the future and that hydrocarbons are dying, that we don't need diesel, or gas, or liquid fuels:

Tell me where the copper is coming from.
Now do silver, tin, lithium and batteries.
For those of you say the future is nuclear, tell me where the uranium is coming from.
Tell me what price these would be at, and when it could be delivered.
Tell me how you are going to build grid resilience and more importantly grid inertia from renewables.
Tell me what your plan is for windless, cloudy days in the middle of winter.
Tell me what you will do to decommission and replace wind and solar every 10 to 20 years - and where you will dump all those unrecylcable turbine blades.

For every GW of renewables we have to build a GW of conventional back-up, or rely on the kindness of foreigners.

There is no magic metal shop.

There is no new physics that makes a 100% renewables grid work.

The greatest threat to humanity is not global warming, it is energy poverty.

[Lukas Ekwueme @ekwufinance]

>Be Australia
>Have the highest per capita diesel consumption
>Be an island
>Close all but 2 refineries
>Become 90% dependent on fuel imports from Asia
>Only hold a few weeks of oil reserves
>Wonder how this could possibly go wrong

[Matt Barrie @matt_barrie]

could have had gas security on the east coast for 45 days of running the NDIS

[Quokka @StripRatio]

Companies exposed to haulage would be chewing caramels at the moment. Hopefully those hub and spoke models have enough dirt on the ROM.

You’d have to feel for companies like Fenix with vertically integrated transport, you would have to assume an announcement is imminent

[Quokka @StripRatio]

@ShowerCapAM Short term outlook for Atlantic Ops is the Torquoy Restart. At today’s gold price it should generate roughly $130 M over a 13 month project while turning the mill back online. That’s alone will be able to fund the Atlantic Operations. Exciting times.

[Quokka @StripRatio]

@ShowerCapAM If you’re comparing to last quarter’s results, it definitely looks that way