Thanks Nord. I was thinking they did not re-model the reserves/resources, so the depletion ought to be owe to the mining. Obviously from the conference, no one is interested in this issue, as you suspect.
I am also confused from the June quarter report that the forecast FY21 sustaining CAPEX for Gwalia is much higher than FY20. What's your knowledge on this? I thought SBM has finished the major CAPEX for the mine in 19-20.
SBM Price at posting:
$3.37 Sentiment: Hold Disclosure: Held
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