@Dollar:I'd accept that argument for Federation.But Queens Cross...

@Dollar:

I'd accept that argument for Federation.

But Queens Cross is just 350m from Nymagee North, so it is part of the Nymagee deposit in the wider sense - if not in the hand, at least it's sitting on their ellbow ... ;-).

And the rock cheap samples reported indicate to me (a layman - could have gotten that wrong) that there should be great ore close to the surface. Which is why I would drill it first before going for Nymagee North deeps. A second open pit could drastically reduce the need for initial stage 2 capex. That in turn means we can finance the Nymagee underground mine from cashflow and don't have to use up all of the Glencore financing. Which means no dilution and earlier dividends ...
(the counter argument for that is that they might want to blend Nymagee open pit ore with deeper ore (and go early for the siler-sn etc lens) rom the start so initial capex won't be impacted anyways ...)


@KKR: I have seen it mentioned in the annual report, but not in the PowerPoint for the AGM ...