When you buy(and pay for) a pitbull and get a chihuahua...The pitbull Brucejack was supposed to be:
(From slide 53 of the latest investor presentation)
Production of 500.000 ounces for years 1 to 8
Processing rate: 2700 tonnes per day
Gold Recovery: 97 %
Implicit head grade(let's assume not mill dowtime): 16,4 gpt
AISC: $500 (let's be nice)
CF from operation at $1300 gold: 500.000 * 800 = $400M a year
The chihuahua Brucejack is resulting to be after 6 monts:
Production of 300.000 ounces a year
Processing rate: above 2900 tonnes per day (more on these later)
Gold Recovery: 97 %
Head grade: 9 gpt
AISC: $900 (let's be nice again)
CF from operation at $1300 gold: 300.000 * 400 = $120M a year
Good luck fighting the wolf (debt, stream, offtake...) with the chihuahua
GLTA