Thanks for the StevenDJ
I believe previous announcement for production was Q3Q4 CY or was it Q3Q4 FY?
Futures contracts for Sept-Dec for lower grade ore seems to be around USD$100/AUD$150, if costs are around $40 (AUD?) then it’s a potential short run cow.
Unsure what the hedging comment is about, i’d assume you can only hedge positions once you’ve started selling contracts? would the market need be be informed if this is already taking place?
I also wonder if the 90% of equipment on hand is still relevant due to the pivot to a smaller crushing tactic and the lead times for this method..
company maker, page-4
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