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The DFS from 3 July 2018 also stated optimisation studies could further expand throughput at Syama.

Drilling continuing at Syama and further future resource and reserve expansion is required. Delineation of Nafolo continues.

This offers significant opportunities for further unit cost reduction.

The DFS is based on a mining rate of 2.4 Million tonnes. Thing is the automation is likely to exceed this and as much as 4.0 million tonnes could be achieved.

Massive 1km outstanding ore body is there and the decline into the ore body continues and commissioning isn’t far of at all.

Ravenswood is also transforming with the new benefication plant being tied in and now operational and on track to deliver ~115K ounces over 14 years.

I believe the guidance is achievable and the share price has been oversold and exacerbated by shorting practices.

Contrary to some the projects are fully funded and the huge capital spend over the last 18-24 months will deliver returns going forward.

BUY