Good choice, I would have preferred Doug to stay and James to leave instead. Now why would you hire a new CEO with Lithium background if company intends to leave Grants in C&M and focus just on exploring (Lithium, Gold, Uranium). Last week there was movement at the station and Shorter's have been covering. Are we expecting any further news....watch this space fellas.
I take from SH meeting with Doug in "the other forum" Grant's mining contract had fixed cost for 1M MTA, this the reason for high cost as we never delivered nameplate capacity. We only delivered ~50%. This is another SB failure where we could have added flexibility in contract so cost are driven by volume not fixed cost. IMO there is real opportunity to get Finniss up with the right cost structure driven by volume.
Take 23-24 FY cost guidance of A$1400-1500/T (US $940), this was for 1MTA, we delivered half so with right contract / cost structure Finniss C1 cost should be somewhere around $500/T USD. Drilling season has started, lots of upside coming up in the next 6 months with Lithium, Gold and Uranium results.
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