"it seems most of the team is old crusty blokes. I've worked with plenty before and they never really kick any significant goals and don't tend to do any work themselves. They typically rely on consultants or smart youngsters to get the job done for them."
So you think replacing experience with inexperience is the answer.
They recruited an experienced guy from OMH some time ago who has considerably more experience than a year 12 student. DMS is known to be a better solution than the one they opted for (I understand a test was done at Bootu Creek) but it is not cheap and I think that is the issue at present. Noddy could tell them DMS will get a better outcome but you need someone smarter than big ears to figure out the finance. Ore price is low at present and likely to remain so IMO for the rest of 2023 so they are stuck between a rock and a hard place. I can see some re-rate on progress with the US plant but not the ore business, not in the current climate.
E25 Price at posting:
41.0¢ Sentiment: None Disclosure: Held
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