It's not that simple.
To support 8-12 contracts, the underground mining team would need to be significantly larger.
The company has been very clear with their mining services strategy—they aim to be best in class in UG mining.
However, supporting many contracts could create execution risks and dilute expertise by requiring personnel who may not have the desired level of skill and knowledge that sets them apart.
Additionally, if the economy goes into a recession, extending or securing new contracts becomes more challenging.
This could leave the company with a massive workforce and associated costs that still need to be paid.
Essentially, the company has outlined its business plan. If you don't agree with it, there are other companies on the ASX that might better align with your investment preferences.
It's not that simple. To support 8-12 contracts, the underground...
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