Abra... a discontinuous and disingenuous Mine Plan Update, page-8

Yeah, run out of time and indignation to push on with the investigation, but might finish it off in due course. The next post was going to shine a light on how the deposit downgrade impacts the NPV and valuation metrics. Included in the financial analysis of the new mine plan has to be a realistic look at some of the cost assumptions that either haven't changed or actually dropped since 2018/19 which don;t look credible imo.

Burning through a deposit faster nearly always increases NPV and lifts annual production, cashflows etc but all at the probable cost of shortening the mine life. lots of excitement about the Cu-Au potential of the root zone, even extending the Pb zone into currently below cut-off areas later in the mine life. Optimism, even excitement is justified, but certainly not the level of confidence I've read here, from the company and it's brokers. The Cu-Au zone has every chance of fizzling out instead of growing mine life based on results to date. An interesting story to follow regardless.