Cheers Green.
I wish I could say the U/G is a saving grace, but... we will have to see. I am still surprised that LJ stopped the U/G completely last year.
Without doubt, DCN would logically be looking to ensure that they have access to continuous ore for the plant. But, I thought that was already in hand with the 3 year plan from last year?
Most of the ore for the next 2 years come from 1 pit.
When I look at the mine plan, it sort of makes sense that DCN has struggled, it was going to be the most difficult time workload wise.
Yet, just 12 months in, there are massive changes afoot...
I keep looking at this and feel a little overwhelmed.
By June 2023, DCN hopes to be accessing ore from
7... different deposits!
And obviously, 4 different sources within the next 12 months. LJ can say that they are low cost to access all he wants, I simply don't believe that.
I really struggle to understand why the the stated reasoning for the recent raising, was for exploration... surely LJ should just be upfront with the market, its to ensure they have a good buffer of working capital, and for ensure they can afford to access more ore sources outside of Doublejay.
I am trying to be balanced in my views here, DCN has a lot of upside on a higher gold price. No doubt about that, but...
Anyway, hopefully the quarterly proves my pessimism misplaced. I hold GCY and OBM, both struggling operationally (to varying degrees, I am not adverse to higher risk investments).
