You pedal unproven extrapolation as though it were fact. As announced the breakeven at 50 tonnes production per day is "theoretical " based on DFS costs. Did the DFS operating costs include 20 percent interest on AUD$ 37 million? The answer is NO. At 50 tonnes per day the interest bill alone is $405/tonne of concentrate at 50 tonnes per day. The interest on 37 million dollars is more than the DFS operating costs.
You claim the resource is now being upgraded by a 47 percent increase in grade. That is pure fabrication of bull dust. Mike Elliot did tweet that during July the mined grade was 47 percent higher than the resource model. In the June Quarterly Report the company claimed all ore mined over the three months corresponded with the resource model. Yet here you are claiming the life of mine grade is all increased by 47 percent. You are shamelessly promoting this stock and the evidence is mounting and will come home to roost.
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