As I understand it if we sell the PHES, this limits the amount of underground mining around the giant pit but some is still possible. If the giant pit is sold for a PHES, this will limit underground mining - there is no scenario to sell the PHES and do the underground first.
That's a downer but not a disaster. There are other options for mining including both underground and open pit at our new sites.
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HGO Position, page-7
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