I might be reading that table wrong but i the proven section they have 1.95 Mt @ 1.0% ... so to make up 5.5% concentrate do I divide that i.e. = 354,545 t @ 5.5% ...
They are forecast ship 210,000 pa.. so they have less than a year and a half they can take to the bank.
Then in the probable section they have 5.95Mt @1.0% / 5.5% = 1,034,545t / 210k pa = 4.9 years. They will not be able to mine it all.
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Not sure where 10 years comes from.. especually at a grade much lower the competitors.
Then they announce exploration numbers like today... excuse me if Im not disappointed. In the meantime AVZ is intercepting >200m @ >1%.
What my point is they need to leverage off this asset as they have no debt and get cracking with the other ones as soon as possible.
I have held this share for 2 years now and have been pumped the SDV line and now want results as a shareholder that supported them when the instos wouldnt.
