Yes... there is a debate to be had about it. Management made a series of mistakes and were slow to reveal the early problems... so trust has to be regained.
The way I see it is...
They intend to run the Nullagine mill 2 weeks on, 2 weeks off. So a light crew required to load up the ROM. The oxide grades are at a minimum 1.6g/t which is good for open cut.
There are partly mined deposits which are +2g/t which can supplement the feed at Warrawoona (synergies) and provide consistency of feed as they transition to mining Bulletin (which they are forecasting will provide 2 years of feed).
I agree it will take a while to prove it to the market.
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- Ann: Maiden Resource to underpin Nullagine Restart
Ann: Maiden Resource to underpin Nullagine Restart, page-53
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