How should we value OBM?, page-56

Don’t fall for that mistake Smoulder.
we already know the AISC is lousy over the last 6 months.
The market will rate the company based on the future AISC, not the historical.
The presentations of late clearly outline the changes being implemented to progressively mine underground.
During this time of transition the Company will need to flap around blending open cut material with low grade stock piled material.
By Christmas 2023 though, I am expecting grades to increase by 50% and costs to reduce materially
At that stage, I expect the market to start then looking forward to the implications of potentially having 2 underground’s and an AISC of around $1750