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Yes, and actual production for 2024 was at the low end of...

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    Yes, and actual production for 2024 was at the low end of forecast. If you take the midpoints then the forecast for 2025 is 16.5% lower than the forecast for 2024.
    https://hotcopper.com.au/data/attachments/6335/6335685-2da2a9d798b8f8287f31ae4f79ac0c70.jpg

    Also, forecast AISC is 20% higher than in 2024.

    Hard to sell the growth story at the moment hence the market's hesitation. Delays to the timeline of McPhillamys might make it a replacement story rather than a growth one. The project was acquired in 2012.
 
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