Ann: Mineral Resource and Reserve Statement, page-5

The reality is that you need a 3 million tonnes per annum (mtpa) plant to efficiently mine low grade material.

Our 1.2 mtpa plant is however a good size to process and blend higher grade ores.

Luke and team have quite prudently realigned everything on the reserves/resources front to focus on mining grades at least 1g/t higher than current.

That higher recovered grades will fall straight down to the bottom line.

Callion, Siberia and Lady Ida (all high grade 10 g/t sniffs) will likely be mined differently to focus on minimum grade dilution.
The Red Dirt guys to our north have been getting 15g/t gold up at Mt Ida lately.

Unfortunately, previous Davyhurst owners never had the spare cash to explore a multitude of high grade near surface (and plant) targets.

At 1.2 million tpa plus throughout, this project must have genuine potential to spit out serious amounts of quarterly cash flows.