It was only ever going to be 2-3 years max to get CXO into production and the cash flowing.
This presentation is almost exactly 2 years old and looking at the reality of the actual costs and all the rest of it, it makes you realise how far out the DFS is: https://wcsecure.weblink.com.au/clients/coreexploration/headline.aspx?headlineid=21311698
BP33 is likely to be at least a 5 - 8 year mine (instead of what's shown below), and lots of things can change in that time. Deposit discoveries, improvements in recovery grades and processes etc..
We've had a short sharp kick in the nads, which will most likely push us down / sideways until the issues are sorted, but once the hiccups are ironed out and we are producing at 70% recovery grades and close to the original plan of 180Ktpa, Core should be fine.
I am scratching my head why a floatation circuit isn't being added now (instead of spending 6 months p*ssing around with trial and error), at the expense perhaps of the huge exploration budget. If BP33 is as I suspect it is, at least a 5 year mine, what's the point of exploring right now, when the critical issue is getting the plant running to speed and optimised.
The comment about producing less in 2025 compared to 2024 is absolutely bonkers if you ask me. Is GM deliberately trying to trash the SP?
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