Fundamentally, I just think they bank on the best case scenario...

Fundamentally, I just think they bank on the best case scenario happening every time.
For example- 3 years of operations should be enough to gauge how the Wonawinta plant can run, whether on Boppy Au or Manuka Ag.

It's evident enough that it can't manage the nameplate capacity (never achieved full tph since restarting). Couple that with the silver not recovering as required or at the needed head grade.

Now in their presentation released this week, they claim they'll make A$75M of silver per year based on current price. I back-calculated this number and it equates to processing (and recovering) 90g/t material at 100 tph. They've never managed to reach either of those two parameters, so why promote it in an investor presentation?!?!

If they want to be real, the Wonawinta deposit averages around 42g/t. Promote this number and find a way to get tonnes through. Stop promoting some silver bullet (pardon the pun) will be found that somehow magically sorts the deportment that will concentrate it up!!

Once silver goes to $50/oz then they will actually be able to make a decent profit as at 42g/t everyone will be happy. Too bad they can't mothball the operation until then.