The main takeaway for me is the reduction in expected sales for FY 24 which are estimated at around 180,000tpa, minus 113,000tpa for the OTA, leave around 57,000tpa to be sold at market rates for the JV..disapointing but not totally out of the ordinary , mining is not easy.
Hopefully they can make production improvements over the year but at least we now have a guidance and at a guess its being set conservatively, supprises to the upside will be better received.
Other than that is more or less as I expected, production costs are fine given its ramp up and will improve when running at steady state, we'll cashed up , profitable and debt free, what we really need is a lift in the price of concentrate, production and recovery rates, not a lot to ask...
Cheers Whisky
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-43
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