very fair analysis, although I confess to being slightly incredulous that costs could already be below DFS estimates at sub par recovery rates. If they’re bourne out could be time to put the house on it.
as you’ve summarised AJM have implied output often above nameplate with costs below DFS with logically, potential for even more gain if recoveries track to 80% aimed for...
Gross EBITDA tracking to $100 million AUD at $600 USD/tonne spod price is scarcely believable?!
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