Summary while fresh in my mind....
BCM movement will be reduced by 130,000t per month from here. That saves several $M/month.
Currently the bank only acknowledges Klondyke as the resource of CAI... so that has limited the ability to roll forward the hedge... now that Bulletin and Blue Spec have been included in CAI's resource the capacity to roll more of the hedge should be available.
CAI has a geo looking at the Nullagine oxide deposits.
Work is being done to progress Felix. A university is doing some modelling which is looking like it has potential for being an extensive endowment (early impressions)
Simon Lill (from De Gray who also presented) knows about Bamboo Creek and spoke highly of it. Also DEG is planning to have excess capacity at its POX plant with the intention to toll mill other companies concentrate.
The drill will be turning for Pirra when the weather is cooler.
In answer to a question from the audience DR acknowledged it is the financial structure which is causing all the pain... that's what he is working on.
The 3 presentations were recorded... probably have to look for them on the Melbourne Mining Club sites.
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Summary while fresh in my mind.... BCM movement will be reduced...
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