Here we go again, page-95

Crazy estimates.

KCN was profitable at 0.6g/t. 0.7-0.8g/t is well profitable.

1.8g/t is not realistic. 1.8g/t is not necessary to make a profit, and also not going to be achieved for 6mtpa throughput.


0.4g/t might be the stockpiles grade, since I think it was like the left-overs. But Quartz Lease would likely be somewhere 0.6-1.2g/t.

Pits may be flooded, I assume they've been trying to resolve that on an ongoing basis though. Though they'll be starting up with stockpiles+Quartz lease. So flooded pits having little effect. Quarts lease is above ground-level currently.

Licenses - I think they already have licenses. The issue though is that not all negotiation points have been resolved yet - royalty discounts, legal issues.

I'll agree with your April 2023 gold pour estimate.