I've been a believer in the company for a while now but the presentation raised a few points for me:
1. Mt Ida - shipping looks to have expected delays, with shipping now in Q4 2024 as opposed to mid year.
2. Mentioned PLS & LTR had an initial MRE of 30Mt. Was this to manage expectations created by the company? Are we looking at a lower first estimate?
3. Why the sudden mention of gold ore? Is this to compensate for a reduced grade or size?
4. Mention of market volatility. Is this to provide a softening to an expected fall?
5. The narrative around Yinnetharra appears to have moved from how big it will be to let's get out there and try to find a big resource.
There's been enough news to date for me to see what can be delivered, however, it does seem to me that there has been a more cautious approach to the statements being made - first from Charles in Noosa and now even Flano. Sometimes what isn't said can say just as much.
My thoughts only. DYOR
Ann: Diggers and Dealers Presentation, page-13
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