Hi @MrKodal, I don't see anything negative in this BMV release. I interpreted the dewatering comments as being positive.
Even though there is >120 km of tunnels, the ones that require dewatering are all below the level of the valley floor. It shouldn't, hopefully, take too long to pump most of it dry (maybe early next year).
I also thought that they implied Vein 6 was way less than half way mined, perhaps as little as a quarter.
First production from the upper levels. Probably several ounces per tonne ore that was not economic 50 years ago.
This is a great announcement IMO. So much drilling and infrastructure given to us for peanuts.
SAU Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held