finally some numbers, page-6

the way i read it is, although costs are higher there will be a smaller equity component than i had planned.

An increase in costs was always going to occur given the change in mining approach and the current environment. It is good to see imo money being allocated for ongoing exploration. That's where the true value will come from with Perkoa.

The way i view it, all long term holders should be breathing easier after this morning's announcement. AIM will be producer at a time where zinc will be above it's long term average.

Additional information that should lead to a re-rating include 1) the extent of hedging committments the business will need to make for loan facilities; 2) offtake financing overun facilities.

The smaller equity component is a major bonus imo.

Today's announcement will hopefully release the brake on this one.

cheers