I think the mine life extension is extremely worthwhile for the mine life extension gained, even if the All ins end up at 1015, which is higher than the 930s for DSO recently. It is possible the numbers are conservative. Once you start mining underground - lots of options seem to come up, although on the other hand things can go wrong. I'm expecting management understand the area extremely well in this case however.
I think part of the reason the guidance was lower than expected for FY19 was due to costs of "staying out of the way" etc. I think the market might shake off quite a bit of the 10% ish fall in SP, once it gives this news proper consideration. Then again - I have been very mistaken many times about what might happen, and I'm still a bit behind on focusing on this news properly.
RRL Price at posting:
$4.38 Sentiment: Buy Disclosure: Held
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