Double entry messaging.
"we will begin to actively grow the mine life and the annual copper production profile" Sounds like a very material increase in mining inventory is on the way..
Fault causes material reduction in mining inventory? There is only 1.3mt of inferred resource for Kavanaugh which 19% of the MRE , and only 4.5mt 65% of the MRE is used in the Mine Plan.
They have already shifted the planned decline to the north to capture the unexpected gains in Spitfire.
Kavanaugh's loss will be K deeps gain in spades.
Double entry Accounting.
Being an optimist I think the double entry accounts once the exploration of the targets is done will read.
Kavanagh MRE minus 1 mt to plus 5mt
Kavanagh Deeps New MRE plus 50 to 80 mt and that's a lot of feed for a >3mtpa plant.
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