Ann: HIGH-GRADE COPPER INTERSECTED AT CONSTELLATION, page-21

@daicosisgod

A FUBAR situation for sure... CY25 was the year AIS would have shown good cashflow. That depended largely on Stockman going online (fig 4.3). But that's missed a couple of promised deadlines and is the main reason I sold down to a free carry, not the Jaguar issue. Jaguar is going uneconomic CY26. so basically lost 3 years worth of production. Devastating but I was never here for Jaguar and Mt Colin. I'm here for Tritton, Cracow and Stockman. Stockman looks to be delayed a year, probably 2. So lets say CY27 instead of CY25 in fig 4.3 below. That is, if we see completed FS soon. I understand that is not the kind of investment timeframe many here would want to hear but it is what it is at this point.