buck/ others your opinion on this?I wondered about the 2.3g/t cutoff myself. Here's a theory:
they run a 10ktpd facility. At 58.9MT resource that's 16.5 years..pretty typical (and with more to come from the open depth and end easy to extend life).
site cost of $37/t caught my eye. with the 7.3 gpt that's easy money. Ad the lower grades and the headline margin drops substantially. the residual stuff would make no more than $50/t at today's spot.
They want a low footprint, green machine (not stupid). This kind of suggests the above lowish 10ktpd thruput at higher grades will be the way forward. Without putting too finer point on it, they can always squeeze the site dry at a much later date.
opinion?
(by the way, my SWAG puts a 10k thruput on course for an EPS of $1 per annum...very very SWAG of course, but just give a context)