That was a great presentation from Sam. And he is just getting warmed up. There is a lot not being said as that would be inappropriate at this point in time.
The strategy has been outlined. Starter pit to provide big money and then straight into high grade selective UG mining on multiple fronts. Remember the comments by PCook about the single decline and strike driving on the north lodes. They will develop UG mining with very modest cost. It will be interesting to see how optimization presents UG grades in the design.
IMO this LOM plan will only improve through next year as the AUD POG rises. I thought there would be more of a lift into the end of this year but it has been significant off those lows recently. January and February also look interesting from a technical and macro economic and geopolitical standpoint. It looks like January (late) to mid-Feb is the timeline for initial results at Ularring.
Cheers
BRB Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
