Surprisingly good webinar. A few takeaways: - Big focus on getting ahead of development and the slower production due to the extra development, ie extra ore found at Scotia. - Disproportionate share of current drilling has been on grade control vs exploration. This is starting to change. - Princes Royal Contractor selected, a couple of weeks to sign off, kick off at end of March. - Princes Royal expected to turn focus underground once the OC is completed. Indeed PR was selected partially due to the UG potential. - They are starting to leverage the existing Infrastructure, ie Bullen decline, Scotia existing portal - Seemed bullish re Mainfield and commented that the could be " 2, 3 or eventually 4 declines operational for Mainfield" - I got the impression that the exploration expectations are on track with results just taking longer, eg comment on p16 of the Preso re Mainfield and OK - Expect to be at 100koz pa run rate from JQ25 onwards - Redpath having some manpower issues which has impacted performance, seems to be a constant issue re Norseman and probably one to keep tabs on Overall unexpectedly solid presentation by Paul
PNR Price at posting:
10.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)