Yes 10s of millions of profits lost because we have to accept...

Yes 10s of millions of profits lost because we have to accept 50:50 terms thanks to management incompetence and not being on the front foot 3 years ago when they probably could have got a 70:30 deal when mills were screaming out for tonnage. Now in this high inflation environment and high construction and maintenance costs, mills have everyone wanting to do business. Meaning they can up their asking prices and the ball is in their court for any deals.
However, the market cap is basically valuing us at one project and we have multiple across several commodities. The market is pricing us at around 4c and being unable to get out of this hole. Such is the lack of confidence right now. This production news ensures we will get out of this hole and make some decent profits (even if they should have been much more with a good management team).
Plenty of upside from here IMO. I am certainly holding strong and will do well into next year. At the end of this year we should have some board replacements and this news alone will create a re-rate as that is the fundamental issue hitting us hard right now - Poor management and lack of confidence.