I thought it is extremely good news, and I think the risk/reward setup is excellent both for the SBM SP (after being slammed recently) - so longed at 221, which seems a great price to me, especially with the debt and therefore risk levels diminishing. Looks like they can keep finding more improvements, and recent results have been better than expected., especially if you annualise the improvement to guidance with an extra 10koz in six months. Reserves are still massive - so pulling forward is not necessarily having any short or medium term consequences.
Ann: Production Update Q3 March 2016-SBM.AX, page-3
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