royalties, 2.5% state royalty PLUS try 4% Morgan Stanley net smelter royalty add 10% for anything over $660?(may be $600) Australian Morgan Stanley on 180 sqr KM of the 2700 sqr Km of tenements total presumably most of the producing ones. add $32/oz Mitchell royalty on non Paleochannel ore.
or around $180-190 oz from higginsville.
The lesser royalties u/g mine is moving into lesser grades per vertical metre,or in lay mans language looks like it is being mined out.
Hence less ore mined MLX QTR and higher grade at Higginsville,indicating possibly the minimum viable average mining grade.That would mean the deliberate leaving of lower grade ore behind,which because they use a spray and paste backfill,likley will not be accessable(visble)later if left,if my reading of Avoca literature is correct.
words to the effect "being resized to what the operation is in reality" is a profound statementfor Higginsville.
with SKO 18mo from shutdown as per Avoca reports Down to mining site trash.
DYOR+DYODD
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