It was about understand how the issues of the underperforming stage 1 flow into stage 2. So no it's not about extending the open pit life.
I have not looked up the exact numbers but production would be more than 50% below forecast. The company has not come clean on the why there is such a large discrepancy between the actual and the BFS. Given the priority now to get into the underground, including the need for a new portal. It not much of a guess that the grade issues remains.
The BFS really needs to be updated.
EQR Price at posting:
3.9¢ Sentiment: Sell Disclosure: Not Held
