Nic mentions that it could be good idea to discover another orebody with higher grade to boost the economics of the project.
They are not forward looking and should have started this earlier. I am sure they had an idea what the metrics will look like while ago as Nic gave the game away when he did not sound very confident on one of the Crux interviews when he talked about the incoming SS as catalyst to boost the SP.
Spending another $1m-$2m extra on exploring NMPP should be a priority and they should negotiate better access to the areas of interest. $1m-$2m extra spend is not much impact on the Balance Sheet.
They plan to generate $500m free cashflow over the next 5 years and are scared to spend $1m-$2m extra per year on exploration? Where is the forward thinking?
Ann: Noosa Mining Investor Conference, page-4
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