coming up with the goods, page-11

Jimone

How do you figure that 50k ounces per annum is likely?

They are targeting a start-up production rate 0f 40ktpa and ramping up to 60ktpa over 12 months (after construction of the expanded plant).

Note that in a recent release (was either the qtrly or the entitlement prospectus?) they suggest that dilution of the vein ore to be processed would be by about a factor of three. i.e. even actual vein ore of 30pt average means the ore required to be processed would be diluted to "only" 10gpt average.

I don't know what (diluted) head grades you're figuring on, but at 10gpt & 40ktpa => 400,000g = 12,900 troy ounces; And, in a very rosy scenario, 20gpt & 60ktpa => 1,200,000g = 38,600 troy ounces.

Have I missed something or are you expecting diluted head grades 0ver 20gpt?