No one makes a loss HoM until they sell. The present life of the mine is ten years, probably with a considerable extension. I am confident that, in this period, there will be opportunity to receive a fair return. Patience and timing are what is needed. I hope Dr Spoks expectations are realised.
On the water issue, no reference to water being a problem in any update this year. The upcoming wet season is of more concern to me than what you perceived to happen six to twelve months ago. If Red can manage the water and silt in a efficient manner (and it seems to me that they are getting much better at this) as well as keep an adequate ore supply going, then it's game on.
Once again, my opinion. Please DYOR.
Quarterly comments, page-80
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