Huge, you sum it up quite well. The grades from Maul u/g are impressive. 53m at 3.3%, 17.8m at 2.9% 26m at 2.1% all signify that the probability that Malu u/g is a goer is very very high.
You may be able to help me here. Ankata was brought on line to maintain 100,000tpa of copper production. If they bring on Malu u/g and it produces say another 25,000tpa of copper, does that mean that they slow down the open pit mining or just put it all on the ROM pad?
I am still not yet getting excited about Khamsin. It starts at 1/2km below the surface and until a resource is determined, I cannot tell whether it would be profitable to mine. Remember, as the grade decreases, the size of the ore body needs to increase to get a reserve defined.
For me, I need to see C1 costs start to trend down and to see cash on the bal sheet start to go up before my faith in management is restored.
HT1
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