Oct quarterly said the mine was progressing fine. They had moved...

Oct quarterly said the mine was progressing fine. They had moved the waste and were into the ore, ramping up to 860+ tonnes a day. So they have had 3 solid months of ore mining

They release every individual minor milestone of the project, like:
-Clearing permits approval
-Works approval
-Start of mining
-First ore delivery
But somehow not first revenue from mining?? (still waiting for this one over two months)

So i would say that yes the mining is going to plan but the grade is not. Looks to me that the project is breakeven if the mined grade is 1.6 g/t (or ~27% below forecast), this is certainly very possible in a nuggety deposit like this.

Im guessing they have had a few disappointing batches and holding off announcing figuring out why the grade is low or hoping it will get better. Remember in the Oct quarterly, mined grade was 1.58 g/t (below cutoff) against an average of 2.2g/t, whether this is as planned or not isnt known but it cant fill anyone with too much confidence