It's a little bit unclear what the strategy is in terms of growth. In the quarterly report it says the following:
"Expansionary capital of A$35 million to increase gold production at Kalgoorlie Operations. This figure doesn’t include the processing upgrade as work is still underway on the optimal solution for the Company".
If Millennium is able to add 30koz then the mid to top end of the guidance range would appear pretty achievable.
All will probably be clearer after the strategy day next month when they will upgrade the resources that would feed an expanded mill.
Fundamentals haven't changed, page-435
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