Long term, the decline is going to be essential for the profitability of a mine like Morningstar.
But then remember that AuStar, the company, is more than just the Morningstar gold mine.
Rose of Denmark is looking like a good short term prospect for getting good volumes of ore out with the use of mechanised mining from the outset.
Between RoD and MS mines the plant could be running at capacity providing the benefit of economies of scale, and maybe some cashflow for funding decline development at MS and RoD.
AUL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held