Look, While disapointing and the share price also, its not the end of the world...at this stage.
The question is can the new stopes opened up deliver a better head grade? we don't know, and to a large degree they don't know.
If burns can avg low tonnes at 20 and blend with Kennys or donaldsons then pretty quickly you have ~12g/t.
I think they can produce the stope tonnes, its just the grade that is the question, obivously Maxwells was not as good as expected. They are financed with the debt facility to make it work.
I think if the SP drops to the 10-12 range its a good buy, IMO
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