I think the 65c number is way too high. Our SP is much more dependent, not on how much we raise this year, if say up to $10M but what is price achievable in the raise for the plant build.
If somebody offers me 30c today. I'll say thank your mother for the chickens.
That's not how it works.
You do the drilling to prove up the reserve. That drilling will also give us specifics on say the pre-production earth movement mainly pre-stripping (now at $175m). Also I expect the feed grade to the plant to be increased in the move from resource to reserve (excluding more near ore and waste).
The presentation released late yesterday shows exactly what they plan to do and I really like it.
CZI Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
