Any extra money earned will go to paying for Norseman. Which is better than using up all of the cash reserves, and then maybe needing a CR. Plus then developing and building their share of the new plant.
Nice to see some confirmation of more of the Norseman underground, and management obtaining more information about the viability or not of the OK mine.
Still a 12-18 month time frame here before Norseman comes on line I presume, and we start earning some free cash for SH. A lot can happen between now and then.
I just hope that the town and company keeps Covid-19 out of the area, for everyone’s sake. Any Covid shut downs at Halls Creek will presumably result in Norseman development shut down, or large cash withdrawals.
Ann: Quarterly Report & Appendix 5B, page-13
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