All of these metrics have a change in the direction that shareholders like:
Mining/Processing capacity up
Life of mine up
Mining costs down
Processing costs down
Reduction in estimated capital cost to deliver this
I'm surprised by there not being a portion of Grants that was better to do as open pit from this stage as it basically means that SB/SL sold what they thought shareholders would want to hear, not what was optimum for shareholder returns. If even at this point the optimum solution for Grants is 100% UG then Core's now departed previous management team burnt >$100m dollars in open pit mining to create a pit down to solid rock that should have been a box cut from the outset. The share price however reflects multiple poor decisions by previous management teams.
The multi-hundred million dollar question - can this team deliver and restore confidence?
CXO Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)