dbk - you asked about capex - the first paragraph in that report you've quoted answers your question: "modelled *capital* and operating costs totalled about A$175 million"
i.e. that figure included both capex and operating costs (which will have of course risen as you've stated - be interesting to know how much).
In relation to using in-ground value to model revenue - not all the ore will be mined (depending on mine design/plan) and recovery rates won't be 100% - particularly for the oxide and transition zones - so you'd need to modify the revenue figures to account for both of those factors.
But then as you say potential for the resource being expanded still exists. Onedin down dip extensions seem possible and Atlantis and other prospects at koongie could also yield other mineable resources.
suspect this might continue to drift for a while until the quarterly comes out though.
AAR Price at posting:
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