Generally positive announcement. The 3B that we have been expecting since the AGM. A new license acquired. Crusher arrived at port. Decent grades.
But grades have fallen from >55% to now >50% and even that isn't really true when stockpile 4 is below 50%.
You'd have to say the new license is needed to fullfil the offtake agreement. It's only a 2year license so why would you bother if you thought you had enough high grade ore?
6000T isn't much to have stockpiled. Basically 1months supply.
KAB Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
