This up front capital expenditure on maintenance plant and consumables is brilliant.
It will significantly reduce the AISC immediately, allowing a greater ability to pay down the debt, which in turn will give rise to earlier divvies.
I think they will be cash positive a lot quicker than anyone has guessed.
Very polished company in all respects, exemplary planning, consistent execution.
All other things being equal, H2, 2025 looking fantastic for all us LTH.
Good luck to all.
ASCENDANT: The Kathleen Valley Story Part 1, page-29
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