Key observations from the site visits by Macquarie and Hartley:
1, Dry commissioning of the new pb/zn plant to start mid November with final tie in late Jan early Feb. The new plant should therefore be producing from the high grade lead/zinc resources in the final quarter of this FY.
2. Federation looks the goods. Also, in general, exploration looks very exciting and should extend the life of both the Peak and Hera mines.
All looks good with current share price weakness related to water issues that the company seem to have covered.
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