"But how do you explain expectations of 100,000 oz per year even if 6.3 g/t?"
That is the question. I have no explanation.
The GML takeover was dilution not cash.
I think the focus on cost may be the problem. If CTO had started up the City mine first, even though it would have been more expensive that Warrior, maybe with the better grades it would have yielded a higher return on the capital.
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