I would have also liked the throughput to be a bit higher as all T3 updates have been pointing to the viability of the expansion case..
They seem to be playing it safe though and still have the ability to expand in future years or on a major new discovery.
I would also thinking the throughput from day dot is kept lower to keep initial capex down until they have some revenue turnover...
We're all desparate for news on the exploration front though, and it's feeling like everything will come at once the longer we wait..
On the SP side there seems to be an unlimited supply of $20,000+ parcels going out the door a few times each day.
If those large sellers run out and supply can dry up for a week or two, then we may finally get to see the price start to go for a bit of a premium.
It does seem supply is endless though, and doesn't just seem like profit taking or protecting capital. More like a periodic reduction in holdings, or large traders who are making $1k to $2k every few days buying and selling repeatedly on the 2 to 5% moves..
A barrage of news is needed to snap this trend...
MOD Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held