I agree. That 66m should be about $40-45m of profit by year end....

I agree. That 66m should be about $40-45m of profit by year end.

Fast forward end March 2023 to Half Year report. $40m profit to end 2022 and 3 months more of mining under their belt! Even if they only doubled the profit to $80-90m, ie 400,000t in 6months, that would equate to 8-9cps earnings. Got to say if you are sitting on that in March and earning an extra 15-20m each month, you would be hard pressed not to pay an initial dividend of 2-3c.

My fear is that we won’t achieve the published tonnages but if we get 20kt in Oct, 50kt in Nov and 80kt each month through to March we will be at the 400kt mark. That would be half nameplate tonnage but still pretty impressive.

Really looking forward to seeing what they can mine this month. If we had 10 trucks hauling 25t each would be 250t a round trip. Assuming 4 cycles a day for 20 days, we would get to the first 20kt; sounds a tall order for October but I live in hope!