Finally got to read through the QR.
Capex increase for Tropicana hardly surprising however a little disappointing nevertheless. Otherwise pretty good.
Another great quarter at Long, way above budget, churning out around $30 mm pa free cash flow pretax. The Jaquar operation just about paying for its own ongoing capex - finally, and promise of further improvement.
But really it's the potential to see mining projects move into development phase at Stockman and Karlawinda soon after Tropicana starts churning out cash. Of course once Tropicana phase one is bedded in there has to be a big push for regional expansion of some sort.
Seemed like cause for optimism on quite a few of the exploration fronts.
Duketon looked to me like shaping up for an exit, the page count is way down on that project.
Hard really to know to what the market is reacting.
EL
what's happening!, page-12
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