RE: Friday quiz14 Jul 2023 14:54
I don't think you've done the maths right there add: feel free to lay out your calculations if you want them checked over by people here. The government top slice won't be fixed, either, and it won't be scripted until each renegotiation. Look at literally any multi-decade project for confirmation of that. Gov will squeeze in good times and waive in tougher times, same as it ever was. And the metrics are fine for many more percentage points than we're at currently, I'd say. Also, what are you using as the denominator? Because, in favour of your argument, the slide moves on a reduced output cf. the PFS. Still think we're plenty clear of tipping though.
You're right to say it's a question of economics: that's exactly why solg could well leverage the minerals for some years to come. But this is just speculation, and I don't want to be accused of 'deramping(?)'. Maybe we'll sell a load more shares at 16p to raise cash instead.