my take is that you can get the first 95,000 ounces with vey low...

my take is that you can get the first 95,000 ounces with vey low strip ratio and no capex for pre-strip activities. As you go down deep the strip ratio increases but the idea is that you get closer to the UG in the process of mining at at 1500 AUD/ounce AISC....a staged approach which sounds savvy.

quote from a friend [..] There is essentially no pre-strip as reflected in the low strip ratios in the early open pit stages (only ~5m of cover).

On a separate note GL1 is 1,95 and I am curious to see if we converted those remaining 7M shares in cash at good value! The first 3M was sold at 2.150 what a sweet deal!

Just IMHO