we dont need any capex to get from 30kozpa to 50... its just a matter of processing higher grade.. while we process Geoda Lamerton's ounces I expect we will be in or around 45 to 50Kozpa over the next 2 years including their ounces.
if we did spend capex to increase tonnage, we reduce life of mine ... unless we have 20 or 30 years in LOM it doesnt really seem like a good spend of money to pay for increase tonnage and then end up with over capacity down the line or reduce LOM to the point that it becomes a drag on share price
anyway the proof will be in the pudding regarding our capacity to produce 50kozpa over the next 2 years on current set up.. from memory i think it was just under 2.2g/t required to get to that at 800k tonnes per annum maybe 2.1 to 2.15 if we are closer to 850k tonnes
I am neutral on consolidation, i just think its a waste of admin fees, we could gradually reduce SOI with annual buyback progarms in whole or in part in lieu of divvies without effecting growth expenditure.
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