CAI Valuation - comparison to peers, page-85

Hmmm, not so sure about 6250oz per month. They only produced 5210oz in January (31 days), and were already running above nameplate. Running another 10% above that run rate (they didn't announce average run rate) would only give 5730oz. Remember, February only has 28 days, so that gets cancelled out. Therefore, 5730 for March and 5210 each for January and February.

On a side note, costs were 11.5m in January (at the mine level I presume), which equates to $2200 per oz produced.