Indeed Watchful,
Nic clearly states that the current operations provide an 80k p.a run rate, without the open pits (if the POG tanks and they decide not to go ahead with the highway diversion). Which...I am very pleased to hear, because it gives me great confidence that Roswell, San Antino and the Caloma U/G have enough ounces to fill the plant for at least 5 years (hopefully much longer if they can keep extending the deposits).
I can understand that ALK is very keen on achieving the 100k p.a run rate and I am fine if they do so, just.... my bug bear is why the rush....
Nic did indeed sound quite frustrated, I actually found his reasoning for providing the extra clarity of FY25 & FY26 a bit insulting.... as in... as a shareholder, I believe I am well within my rights to expect that level of detail. All the details are undoubtedly already available inhouse... Sorry Nic... I have a substantial amount of capital invested in this company, to hopefully someday enable my children to have a deposit for a house (the most important asset anyone can own IMHO).
Nic did provide some color on this quarters production... with 6500 ounces in July, and... over 6000 in August, so... "this is looking like maybe an 18,000 ounce quarter". Which is great news, as only 5500 ounces are hedged..... 5500x 2839 + 12500x 3700 = $62m in revenue. Approx $8m more than the July Q (could be slightly higher still as there was some overhang with bullion).
Was good to hear about the North American meetings to occur in 2 weeks. USD goes a long way in Australia right now.
Shame HC posters couldn't have a crack at the 5g bar. Oh well.
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