I don't think so, No. They can still deliver 20-30Mt like CXO.
Jenny's from the start (in IPO notes) wasn't part of the main targets. Whatever reason maybe wrong judgement or prospect was closer, it was prioritised in late CU23 drilling after Lei.
It happens everywhere, the geologists can't always be right. Majority of LPM targets however, have been correct and the drills have found the Spod, good grades and sizes.
They also had the right hit at Lei, 4Mt well a bit low but I have no doubt it would get to 8-10Mt (most likely by end of this year).
50m (from 600m) and 30m (from 300m),are two of the new largest interceptions in Oz. That's why I'm confident Lei could end up nothing less than 8-10Mt.
BP33 (now 10Mt), first MRE was barely 3Mt for comparison.
My frustration is not getting great support from Top players such as CATL, Develop in this difficult times.
Apart from that, SP has found the base way undervalued and shouldn't drop any further.
Let's wait and see what April will bring. Hopefully rigs can go back on ground in Mid, if not definitely late April.
Met result from WA lab shouldn't also be far away. Simon was very confident about getting positive results.
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