Now this info has come to light, there are a lot of numbers that can be crunched. It's a little concerning when they are using inflated commodity prices and a pretty lowish operating cost for an U/G operation to boost the investment case and make the studies look pretty.
I don't think I'll be sharing much of my findings here as most here won't like the outcome. Although, a large resource upgrade can change everything once everything (operating costs/prices etc) have been put into realistic perspective.
Ann: Positive Redmoor Study Results & Re-commencement of drilling, page-38
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