Yes absolutely agree - you are wise to be conservative
however given the nature of mining the risks of atlas as very minimal so I think even if you wanted to be ultra conservative you may want to risk at 80% .
the feasibility around Atlas is a review of style or mining aimed at decreasing opex to capture lower grade which is commercial that may translate to higher revenue via more ore processed . It’s simply a review of whether Atlas be expanded from its current form/ mine plan to create more value . Atlas is already projected to be a high cash flow generative asset, the work is being down to see if it can add even more
IMA Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
