Sorry, I forgot that ERA fin year is calendar year .... so Q3 & Q4 are their peak production 1/4's
I also hear that there is an investigation gathering pace about significant tailing overflow last wet & also the move for a new EIS (environmental impact study) to cover the pit 3 extension and raising of the tailings dam walls.
I'm sure ERA are praying for a mild wet this year, but long term weather forcasters are calling a big wet & higher than average cyclone numbers.
Top that off with a spot U price that is a fraction of it's top with ERA negotiating it's replacement long term contracts & it's got plenty stacked against it.
quarterly out, page-4
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