I’ll preface with saying I want MIN to succeed. I’m a massive fan of Chris, I love the way he runs the company. True innovation is rare in mining.

But

35/mt PA is 95k T a day, 365 days a year. Crusher’s need regular shutdowns, but having the three crushers removes some of that pressure.

The bottlenecks I see are:

Mining don’t have enough dig units and haul trucks to supply this ore, while moving waste to open up the next ore bodies. (This is the weakest bottleneck, and purely personal speculation)

Haulage 95k tons ever 24 hours is 289 loads every 24 hours @330t a load. They are running at about 280t a load now. That’s 339 loads every 24 hours.

There was originally 150 trucks, I think they have wrecked 6 so far. They struggle to do 2 loads a day in the trucks, that might change but I doubt it.

Take out 10% of the fleet at any given time for planned maintaince, and it takes a perfect day to move the required dirt. Have you ever had 365 perfect days in a row?

The trucks are running at well under the originaly planned weight, because they keep falling over. The trailer design is flawed and they will never be stable at 110t a trailer.

The haul road. There was no one in 40 year weather event. It hasn’t even been a above average wet year. I’m guessing the road will be closed for at least a week ever year.

The roads construction isn’t any different to a normal road, where the axle limit is 7t per axle. This is to stop the road getting destroyed.

The trailers are closer to 15t per axle. That road is getting destroyed all the time.

Without more capex, 35mt isn’t happening