Media, page-2

I listened to the podcast in tandem with viewing the presentation.
It is very reassuring of our future. It is a matter of delivery over a short time frame to Federation production. Once this ramps up we'll be looking to optimize feed at Hera and Peak. We have the feed to operate both at optimum levels.

Dragues will be no more after around 6 months. The positive spin is it will add to the coffers because development has reached the final ore so costs will decrease, we've hedged at $3072 and we got better grades at 3.5g/t v 2.9g/t of Q1, We get a large tax benefit from it becoming of little value. So we return to Cobar where the value always was.

So one final gripe. Pre-Dragues with 850 odd million shares we've lost $400 million off our market cap, and this together with constraints on things like exploration at Cobar that would have moved us forward, it is safe to say at least 50c has been wiped off our share price due to the Dragues misadventure.

I believe current management is making the best moves possible given the obvious mess we were in. I hope they can add that 50c back on to my share price within a reasonable timeframe.