29M 2.94% 35.0¢ 29metals limited

Have to say I was impressed by the Q4 Zn /Au / Ag performance....

  1. 42 Posts.
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    Have to say I was impressed by the Q4 Zn /Au / Ag performance. It shows the flexibility that was available to pull things right.
    A little concerning to see the AISC increase for 23, and somewhat worrying that the TSF will be the cause for an expected flat YOY performance in 2023.

    Given the execs reluctance to promote the s**t out of it /commit to "suggested" expectations on some of the analysts questions, I recon their guidance numbers are something they are going to work very hard to achieve.

    As he said on closing, they achieved guidance - that's good. Now they need to achieve that again and have hopefully built in enough cushion to exceed guidance if everything goes well. They hinted at this with the talk about production increases in Xantho Ext. and finally admitted that 1Mtpa was still in the plan. In the current bullish commodity market 2023 should be a good year and hopefully this will mark a low in the Sp after (I guess) a number of folks have been disappointed by performance against the Prospectus.
    Last edited by Blue_bull: 24/01/23
 
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