Ann: Increased Production and Shipments at Thunderbird, page-15

Within the total tph of ore mined material, if the mismatch in sizing occurs mainly between the coarse OS and the waste sand fraction, the VHM sand fraction will remain relatively constant in absolute terms as tph to the CUP and design criterion. Given the operation is in ramp-up mode, with many kpi’s likely all over the place, it would be hard to be too dogmatic about guessing what’s going on, but I am not seeing the coarse OS as necessarily a bad thing (other than being mainly a materials handling issue for the Mining guys). Do agree though that when operations stabilise, there will likely be a number of opportunities to capture - again this is a glass half-full view.