There are lots monkeys and clowns on twitter and HC, me too. No one read the report properly.
fines material is generated during crushing and processing of ore. The first delivery of fines to port expected q1 fy24, between now and sep30. Sale of 80- 90kt of fines is expected in Fy24.
Actual c1 cost is not $900us/ $1200au. . There were barely any production in Fy23.
The stripping cost in FY23 has been move into FY24. Fancy accounting makes the c1 cost look higher than it actually is. The low 90-100kt projected production is assuming no production during wet season ( of 3 months). The company expect to be working through wet weather after the $11m water management.
Based on the above I change my sentiment to long term high risk speculative strong buy. Good luck.
There are lots monkeys and clowns on twitter and HC, me too. No...
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