Banter and General Comments, page-12087

Absolutely. How many AGMs would they survive with that sort of fat with that proportion of $$ being spent on it? It wouldn’t last long (that level of Corp costs).

Let’s take a crappy scenario of only 50ktpa of SC produced from our ore stockpile only.
Say we only sell that much for a year.
Say it sells for $520/t.

That’s somewhere around $200/t margin.
$10m margin. Effectively pays for creek diversion and ore sorter and sundries. In that case Mt Cat would not (or barely) eat into our cash hoard.

We could keep that up for years, with Corp and SDV and JB all on go-slow eating into our cash.
How long would $150m last in that case do you reckon? Go-slow at $30m spend per year on these isn’t “ridiculous” surely?

Again, this is just a scenario, but it shows that the likelihood of us being extinct in 2 years is a rather silly notion.

And, these are all ballpark figures, no point trying to pretend we can get down to the month or $m resolution with these thumb-sucks.

We will adapt and react and modify our plans based on how the market unfolds. As we are doing with our 2020 plan. Really, what more do people want? As you said, others co’s will be dead and buried long before us if the current state of play persists for years ahead. It’s not sustainable.