So doing the maths, there is already 530koz already identified...

So doing the maths, there is already 530koz already identified plus 100koz in Grace plus another 100koz under the infrastructure. That's 70,000 to 750,000 oz and Alex Passmore wants at least 800,000 to 900,000 oz before he pulls the trigger on building a plant.

Two things: going on that AP will not be pulling the trigger any time soon as they need to find and prove up another 50,000 to 100,000 oz yet. With all the regional activity and discoveries perhaps Rox can adopt the Ramelius model and use smaller satellite pits to bolster the supply for the plant.

And why so conservative? If he were to install a 80koz - 100koz pa plant just for the easily retrievable ore as stage one it would have quite a life of mine already in place. Valuations are done by cashflow and the sooner he can get some cash flowing in the better.