meant to add, the footnote to all their asx releases says:
"..current annual production profile of 40,000 ounces per annum from tailing treatment, to a target of 80,000 ounces per annum
from small open pits, stocks and tailings. In 2022, the Company plans to further increase production by recommencing mining from the main Morila pit to exploit the 1.49 million ounce global resource at the project"
So looking at 80k oz once mining the satellites, planning to start mining them this Q, however the plant won't start processing it till May/June as stated in the recent Quarterly.
Just as the AISC is planned to increase when we reduce production to 10-10.5k oz this Q, the AISC will go down with the richer satellite ore feed and higher recoveries. 80k oz at US$1850 is US$148m or A$192m in revenue, say A$90m free cashflow.
Then the main pit, at nameplate production, 1.3g/t we are looking at 190k oz pa
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