They’ve invested a bit into the metallurgical improvement program too which I think could bear fruit later in the year. My rough calcs below on what I think could happen - I suspect costs will increase on a $/t ore basis given they’ve pointed toward increased pillar requirements due to geotechnical considerations (softness of surrounding rock) of Area5. I think it will be a slow increase in feed from Area5 in H2 and to be increased substantially in 2021 as ventilation gets done. I’m sure the study will detail all of this in coming days. Hopefully a decent result today.
MLX Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
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