Hi all, a bit of breakdown analysis from me:From an initial...

Hi all, a bit of breakdown analysis from me:

From an initial mining point of view looking at the 2 main open pits + boundary, if you look at Myhree with an ASIC of $1295 and Fingals with an ASIC of $1550 with Myhree 64% of OZ and Fingals 36% of OZ a weighted average of the two is an ASIC of $1386 which is alot better than $1550 and more initial cashflow, boundary only has 6koz so have not included in until more OP reserves are released. They do include majestic UG end of next year which is high grade too.

Taking the above (see below from preso), you can see why the focus on fingals, as that has the most potential for near term resource to reserve conversion that is open pit and high grade, ultimately Majestic OP nearology targets may do even better but they need to be resource drilled first then converted to reserves. Exiting times as we get the resource/reserve upgrades into the new year and firm up the funding mechanism's. I see the $117m free cash flow as a very base case scenario.