I'm feeling a slight bit of relief for the first time since mid July.
Today's news re: CXO suspending mining until mid 2024 makes the ongoing LLL suspension (including the 60% plummet in SP) just that little bit more palatable.
Just as I'm considering my FFX escrow shares as a forced Term Deposit, I'm now looking at the LLL suspension as a forced form of protection to see us through the downturn, with the momentum due to kick back in again when the market upturn aligns with the start of production, for us as a low cost producer compared to our peers.
April - completion of construction then commissioning for a couple of months
June - first production
Not that far away now. Enough time for the Govt correspondence and terms to be ironed out and we can finally put all this in the rear view mirror. Best to iron out the niggles now, rather than being hit with it after production had already started.
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