Money of Mine YouTube channel just covered the Bgl quarterly from about the 24min mark if anyone wants to have a look and listen (sorry not sure if link will work)
https://youtu.be/ymC5lMftjSM?si=wusfTEfi6g5qb7Vi
No real comment on the gap between expected cash flow and what was realised but still interesting. A major point made was that the total mine is quite spread out so they need extra capital for more ventilation etc and also there seems to be a bottle neck getting ore out for processing partly because it's hard rock to get through. Also the high grade of Deacon could be limiting the recovery (90% reported is down on expected 95%) because the plant is optimised for lower grades closer to the 6g/t reserve average. Certainly it's felt the DFS cost numbers are too low and costs will be higher. Anyway better to go have a listen rather than me try and translate.
Ann: Quarterly Activities Report, page-46
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