I hope the details of the cap raising come with a few sweeteners.
Forecast cost per ounce would be great. April should have provided a good indicator as to costs as work on the plant is likely coming to an end with production targets being reached. Plus the costs can include 30 Mil pa saving now that 10% staff have gone.
Details of the extra 2 years supply of ore at Wiluna???. Trucking ore has been deferred 2 years so lets see the details of the resource upgrade at Wiluna.
Perhaps the cap raising can be used to purchase machinery that is currently provided by contractors or hired. This could reduce the production costs which is an objective outlined in the April update. Now that we have extended mine life and proven production targets, rational for owning machinery rather than hiring or using contractors makes more sense.
This stock might not be the best pic for a short term trade but it's cheap in a medium and long term perspective leading up a global gold boom.
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