http://www.austinmining.com.au/site/PDF/1767_2/companyprofile2019
Looks like you guys have already caught this. It’s a good read - especially the forward looking statements on page 9. You just have to read between the lines a little.
Only other surprise was statement of profit margin for Granville being $9,500/t of contained tin. Which by my calculation is incongruent with owner mining and current tin LME price. Quite a bit of discrepancy to the downside. Guess they might just be cautious.
I also picked up on the possibility of a CR to Fund Taronga development now estimated at c.$5m plus ore sorted if they go for it.
Loads of good messages in the doc and generally companies companies don’t release something this detailed unless there is a CR in the near future so get ready for another 20-30% dilution IMO
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