Great summary. And one thing to add, very importantly they have $30m in the bank. So whilst Jericho + Eloise capital required will be $80m or so, with $30m already there in the bank and positive cashflow they should be able to debt fund the rest. Just to reinforce this I think over delivery of positive news post Christmas is likely if not inevitable.
And one element of this over delivery post Christmas could be, and i'm purely speculating, a target of more than 20,000t pa within the 3 year period.
AC right from the acquisition of Jericho has stated the target is 20,000t from the combined mines. One would imagine this number was/is fluid until its not, it might have been an aspirational target at the start but maybe that has changed. Probability would suggest it might have either positively or negatively. The size of the new plant in reports is the one of the only things to change in reports since that time. At a combined 1.9% Cu the difference between a 950 - 1.1 - 1.4mt plant (as suggested at different points in time) is large to say the least. With recent Jericho drilling results, and we already know the Jericho resource there is bigger than Eloise, is it possible they might go 1.4mt plant at a likely 1.9% average grade? Suddenly that's a 27,000t per annum operation. That could be a fair game changer, even 1.2mt plant would be.
Purely speculating.
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