When the reserve can be incorrectly mined (Open Cut as per DFS)...

When the reserve can be incorrectly mined (Open Cut as per DFS) at a strip-ratio of 35+ (that's 35 blocks removed for each block that carries a minimum 0.5 g/t) and can still be PROFITABLE... even with those expenses; means we are sitting on a pretty major resource with concentrated high grades. Sorry to be repetitive, but profitability despite that terrible strip ratio, is actually a major signal as to how good this reserve is.

Management really should have spotted this sooner, changed tack and announced a change in DFS strategy and timing instead of releasing this, I believe.

Given the verticality and seeming oxidised ore (this is just an educated guess base on information gleaned form the Ann and adjacent miners) I believe it is likely that Vertical Caving will be applicable, or at worst sub-level stoping... both highly profitable techniques in rich UG ore bodies.

We have the added advantage of shallow deposits to get cash flow for development of the first access levels. (The statement in the Ann referring to 2 years to pay down capital confirms this view I held from the drilling grades). So I still believe we are in-the-money here, we just need to wait a little ...OPINION ONLY, but based on my research.

If I wasn't maxed out, I'd be keeping quiet; sitting and waiting for an SP drop and topping up, then spruiking this point of view . The big-boys will see and know this and come in at some point I suggest, how soon depends on the SP movement.