Speed up exploration and resource definition. That way if:
Prices go down we have present (expensed) on some costs we can and will cut back on
Prices go up we have started to set the ground work for expanding.
Resource definition especially the steps of going from broad spaced resource to reserve is time consuming more than expensive.
For example we can start cutting drives for exploration around the new higher grade area we are moving to and start leveraging on our move. Yes we will take the high grade but could come up short and tonnes produced after that unless we know if there's more around it. We also want alternatives if we run into difficulties form ground conditions or any number of things (like water ingress) that stop mines for short periods. Geez, we've had enough of it in the past expecting to get some production the under delivering both form Renison and nifty. We need to work to ensure that consistency.
I hope you're not sorry you asked.
All IMVHO.
MLX Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
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