RE:RE:RE:RE:RE:RE:RE:Share price "Does that mean that you have decided to never increase this mines production beyond where production sits today"
no. It means that when we pulled back from an internally funded US$15.5m p.a. exploration spend in Q3 2022 to a US$8m p.a. internally funded exploration spend now, there were very real repurcussions as to how quickly we could prove out a mineable resource that we could prudently deplete at 1000tpd.
There were also very real repercussions to bifurcating the Las Conchitas permitting into a bulk sample and then EIA approach back in Q4 2022.
Both decisions caused expansion delays (expanding 20% over nameplate vs 100%) and production volatility (Q1/2 2023 and Q3 2024). Both decisions avoided the need for raising additional capital. I believe I made the right decision given where we were at the time. But I'm not a magician, so there were tradeoffs.