Quanta/nihilism - I think you're both right. To keep access the new resources that will be released shortly (note not yet reserves and this will require further work) at a minimum some cutbacks to existing pits will be required and possibly some new pits. Not sure if they need more mining fleet if they keep the same production rate just sourced from different locations, and with most of the veins starting from surface or near surface the strip ratio will be lower initially leading to lower OPEX, but balanced out by higher CAPEX requirement elsewhere. I'm thinking swings and roundabouts basically with an overall positive for holders.
But hey my opinion and only time will tell.
Cheers
MOY Price at posting:
13.3¢ Sentiment: Hold Disclosure: Held
