While the Gwalia mine appears to be likely to be below guidance, the Simberi mine is moving in the right direction. What I'm most encouraged by is the company moved quite solidly into a net cash position over this quarter. The operational cash contribution was pretty impressive.
I noticed that they reported the Simberi sulfide reserves increasing net of depletion. So, anyone know if they have been stockpiling the sulfide ore prior to the sulfide processing plant and circuit or they are just using that term net of depletion in a general sense?
Ann: Quarterly Report Q3 March FY20, page-3
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21.0¢ |
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Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $1.033M | 4.950M |
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| 2 | 65150 | 21.0¢ |
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| SBM (ASX) Chart |