May have been missed right at the end, seems they used the known Waterloo mineralisation to better target new mineralisation in future gravity survey programs. If we want a serious market cap and sustained future dividends then not only the mine life needs extending but probably expansions via exploration success. This will drive the opex down to keep running in the next period of low prices.
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- Ann: Quarterly Activities and Cashflow Report - December 2016
Ann: Quarterly Activities and Cashflow Report - December 2016, page-7
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