Ann: Presentation - FY22 Financial Results and FY23 Guidance, page-52

I think NST has an issue in its future ore sources and pit growth in their super pit look to me to be heading in the direction of their low grade stockpiles and then their existing plant.How to manage that ,build or sit on existing plant and then get the power for whatever is decided?
Yes their lack of site tranparency is now an issue for me too to the extent I sold out some time ago.
BB was so transparent in ore mined it left little space for conjecture and from where ore came from and even corporate action coming,openly emplying managers 6 months in advance of mine purchases etc.

Back to WGX.
I think we are going to see increasing transparency here.
Starting with real (or extra low) valuations of mining sites - DONE with quick writedown of exploration costs if not in a near mineplan I hope.
A statement of processing intent - AT PROFIT ONLY - DONE
Reminds me of BB and if you were a longterm holder back to Paulsens start time you will remember how many times the mine was reworked for previously uneconomic ore (Due to royalty conditions and gold price) to maximise profitable ore from that mine.3 times I think.Mined for consistent processing of ore for a minimum margin/steady income irrespective of the gold price.The rest left in the mine or in stockpiles.
Next QTR expectations stated - BigBell into the big cave and 5g/ton ore from memory with 3yrs of pre-development done as baseload.
Interesting and profitable times ahead.
Innovation re airfans @400klitrs/Qtr is a 1.2M ltrs at atleast $2 or $2.4m out of just this one mines operational costs shows a global minelife view of investment in sites.i.e. 10 yr value of investment and Multiple mining fronts in case of collapses/loss of access
Regional exploration budget announced presummably some will see deep drilling below recently finished pits that will provide future access.
First movers into the new economic reality of higher interest /money costs will outsurvive those still in LALA land boasting unminable/uneconomic resources on their books.The worst quoting ounces in stockpiles of .35g/ton.
Still also sitting on $60m for processing expansion.
My guess is some of that will ultimately be spent on raising residency times and processing yield ahead of greater/bigger decisions.

Regards