Looks like wholesale change is occurring.... Explains the dumping of the two new NED's and MA getting the flick...
They look to be changing the production plan to focus on becoming profitable asap, as a result we'll see lower production guidance but should be better head grade so a lower AISC.
Shelving NTiola makes a lot of sense. I'm not sure how much meat is left on the bone at Viper either but I can't image they'll be there for much longer either...
Need to get stuck into the super pit and work out the best way of getting into Samacline.
Hopefully K3-K5 is drilled out and we are able to find some more tonnage.
Just need to focus on grade and they should be able to have this thing up and humming soon.
I think the delay of getting into the super pit and having to process crappy ore from NTiola and Viper wasn't a huge issue until the price of everything went up over the last few months and now it's become a big issue.
I still have faith that Morila can turn FFX into a $1 billion company.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
