Maybe such a long license verification period in September came as a surprise, and that shutdown period was not fully projected.
So Challenger is mainly getting over a couple of hurdles and is not really a bad mine, right? Developing over to Challenger West and past the fault, after which the quarters should have a far better production to development ratio.
Did they say the Challenger resource update is due in 2 weeks?
As for costs, I think Chatree will be stable and Challenger slightly worse for 2 quarters. Challenger has a large and highly variable depreciation cost. Whether Challenger's costs rise or fall depends a lot on the depreciation.
Can somebody explain what Gavin meant about 5 meter wide tunnels diluting 2 meter wide ore? Is that a development tunnel or production?
KCN Price at posting:
$4.10 Sentiment: Buy Disclosure: Held
