Yes, revenue is all speculative unless its in the bank. Do we know their current net cash position? With deadlines being met, im assuming overtime and stand down time is having an affect in the current wet season.
Pits are flooded is the word on the street.
Im all for projecting revenue, but as I stated previously, Spod prices will continue to fall as more options and mines come online.
I like to base figures off worst case scenario and go up from there. If you have ever restored a classic car, you would undertstand. what started as a 80k estimate, costs 200k.
My grass looks good though
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