We have been diluted annually.
Expect this to continue.
I detest the lack of insight into key decisions:
1. Why did management not consider NPV of open pit mining only rather than a blended open pit and UG mining option.
2. Did CXO consider revealing NPV for entire project rather than for BP33 and Carlton. Why would you omit Grants? Seems a stupid approach.
3. Why did the Reserve statement fail to properly compare figures from the Apr19 DFS. We have to infer a lot of it, when a table could have made it simple. Transparency is critical to instilling investor confidence.
Ann: EIA at Grants Extended to 7 Years, page-20
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