Good post, Wenty. This announcement is certainly a step in the right direction. It looks as though, through the agency of underground mining, there could be real mileage in BP33 for sure. Who knows, it may go far deeper and wider too. We're all disappointed that mining isn't going to happen as quickly as we would have liked but if the metrics of the resource base start to build up as you suggest, and as seems likely from this announcement and others, then a delay will not be a major issue. Indications are that the MMP will receive approval before too much longer and then we might expect that new investors will start to see the potential as resources, NPV and mine life increase.
CXO Price at posting:
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