Hi Whisky
Looking at the clues . . .
1. massive decline already established,
2. lots of cross shafta bored
3. furnace upgrades
4. slurry line capable of 3mt
5. estimated cost $80 to $100 million
6. 30% reduction in C1 costs
7. 20% increase in production output
It looks to me that block cave will be getting the nod to go ahead. The extra income that block cave would produce is significant and would greatly increase the rate of cash accumulatuon.
The why I see it . . . it is better to walk before you can run . . . first get block cave up and running.
To bite off SD at the same time would be lunacy wirh delta and lockdowns causing havoc to markets.
Better to get block cave going, get some more cash . . . and be honourable with dividend policy.
Ann: Appendix 4D - Half Year Ending 30 June 2021, page-14
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