You would have to think this has been released today to soften the news about no dividend for FY23 to be announced later today(maybe tomorrow).
This NP underground study tells us that the cash balance will get down to $60mil around Jun28 after they've spent some $600mil on the UG Capex and earnt some $380mil between Jan24 to Jun28 from operating the mine from the current open pits and after starting with a cash balance of ~$280mil at 31Dec23. No production from UG until Dec27 and then only 1mil tonnes of ore from the UG in 2028.
You would have to think this has been released today to soften...
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