Yeah, run out of time and indignation to push on with the...

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.