I don't think this will have any impact on their focus to expand throughput and mine life from Kavanagh/Nugent/Spitfire over the next 6-18 months.
Stoping is underway and the ROM pad is filling up. The current Stage 1 plan is getting long in the tooth and is likely to be updated based on the last 12 months of drilling and proven ore not in the plan.
The release points out that the existing UG decline allows access to Deeps without the need for extensive capital and time investment. Its only a few hundred meters away.
$200m + free cash flow should cover drilling, development, expansion and dividends.
20+ year mine life is now closer to reality and as VYR said, it allows a decent PER to be factored into the share price.
Looks like we are at the trough of the Lassonde curve. Ready to break out and up!
I don't think this will have any impact on their focus to...
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