higher low?, page-33

Thanks Bob.
I think also that once its obvious that u/g mining is a go, then the plant will be upgraded to the 300,000tpa rather than stay at the 200,000tpa scenario that I used as a base case.
The plant would also be likely to be expanded if any significant open pit ounces are added along strike to the north where the deposit is open undercover. There are several areas of outcrop where rock chip samples and isolated historic drill results show mineralisation extends at least 1km north.
Exploration expenditure has been scaled back quite heavily to conserve cash for getting us into production, but once we have commercial production we should start seeing a resumption of more aggressive exploration. That may give us a further sp driver on top of the cash flow and reduced risk profile that production will provide.