program update, page-12

Hi Tonio,

You are right Mt Weld is smaller than Ngualla

Ngualla 40 million tonnes at 4.07% for 1.6mt
Mt Weld CLD 23.9 million tonnes at 7.9% for 1.9mt

But remember, opex/kg and mining recovery is king :)

PEK have acheived 88% recoveries, could be 80% at least

LYC, who knows, maybe 60%, ??

LYC opex = $11/kg, i heard

PEK, who knows, could manage less/kg on 4.07% grade

for example, PEK has the same geology as MCP but better, given PEK is weathered and MCP is unweathered. MCP forecasting $3/kg compared to LYC's $11/kg

no givens yet, except there is the possibility PEK puts LYC out of business

only time will tell

thanks for visiting