Ann: Quarterly Activities and Cash Flow Reports - 30 June 2023, page-3

"55ktpa production rate (approx.) targeted during December 2023 quarter".

The word "targeted" is used a lot. The word "confident" does not appear at all.

KTMS recovery rates for June provided, but nothing at all about the production rate in June, to give confidence the targeted rate is achievable any time soon.

55ktpa is by my reckoning, based on recent production costs and sale prices, about the minimum they need to break even. The lenders would not be terribly impressed if they were "targeting" less than that, now would they. Just coincidence?