positive points1. Copperwood first, of course.
2. The stock overhang has already been mentioned by someone. This amounts to 10,860 gold equivalent ounces, at cost presumably, of $666 per gold equivalent ounce at the end of the second quarter. This should appear in revenue of the third quarter.
3. Exploration targets of 1.6 million ounces, about the same as the existing resource.
4. Production/Productivity improvement from repaired hoist and gravity separation.
5. Oxide ores
We have large quantities of these, at high grade. Many months ago I notified to Williams a process supposed to have been developed by Sandfire. Why can we not know how they are experimenting, what with and with what results?
I don't think we receive enough information from this management, and that is the reason the stock is so woefully undervalued compared to better managed companies. Presentations are lacklustre. When Williams was there, we used to get monthly production, now long silences- and rumours. Ditto for sales concluded.