Poor result for FY23 was expected. I think the production guidance of 16.4-17.2Mt for FY24 is weaker than expected. May be the guidance for FY24 is conservative given the recent history of not meeting production guidance. Production must surely rise significantly in FY25 say 20Mt plus. Good to see costs coming down in FY24 relative to FY23. It looks like the FIRB process is taking a very long time re SEV.EN. Hard to understand why this is the case. Additional stamp duty is a surprise. Hopefully substantial dividends will return in FY24.
Ann: 2023 Full Year Results, page-3
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