If the mill configurations are not known then the associated costs, recoveries etc are also not known therefore any assumptions made wrt reserves are also not known.
The current public reserves quoted at the time were valid and remain so as they were properly reported based on assumptions that were correct at that point in time. They of course remain current until new assumptions are applied and their effects determined.
They are essentially going to have to rerun the numbers based on the outcome of the mill review. What those will be is anyone’s guess.
KIN Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
