RE:RE:RE:M&A activitySoxman, I need help with this area of question in my mind, I hope you can help me bring this into focus:
The new contractor, Moolmans is executing a "major pushback" at the south lobe, which opens up more of the south lobe to production. I do not think this was planned. I have heard that Moolmans has a lot more equipment on site than the prior contractor so assume the pushback is in addition to production work. We know there was adequate stockpile on site to process through winter and assume that the contractor is in full production mode now.
So if there is a major pushback at the south lobe to expose more area for mining ore, do you think that that after the results of the deep drilling they will remodel the mine plan to potentially both extend mine life and increase production? Are they just taking advantage of an opportunity? We know that the high value stones come from the south lobe so this seems to be positioning LUC to project an increase in revenue by both production volume and stone quality by gaining more access to the large, high value stones?
We have never heard much about the contractor termination and I wonder if there was an opportunity to make a strategic change in contractor and operations leadership based on a plan to be defined once all of hte pieces are in place? - Thaks Gil