another update now out, page-8

Confusing report for mine.

Can see the inferred point about early cashflows based assumed opex but if they were looking at standalone oxides based 180 mill capex, it wouldnt have gone ahead and instead the oxides would have been ripped out and stockpiled as future addition to sulphides ore IMO.

Then again we werent looking at a 100 mill buck capex over-run a year ago were we.

35% GP aint bad tho even by 2ic's standards and accum tax loss should see cashflows = net earnings more or less in period where oxides is supposed to be stop gap to bigger pix.

Beyond that we may be looking at a paid for U-plant sitting there as sulphides comes into play. Thats the half glass full approach which I go by.

Curious to see what next corporately.

Meanwhile she gyrates to the traders' tunes.

IMBOOC