Ann: Boda-Kaiser Scoping Study, page-66

Thanks for that, just read their latest PR. For starters this is a project not an operating mine so they haven’t demonstrated that they can economically recover anything at a commercial scale. Secondly their Cu grade of 0.20% has assumed a recovery of 76% (reflecting a tails grade of around 0.05%). Additionally their assumed processing cost is C$12.50/t milled (~A$13.50/t milled). If the same parameters were applied to this project you’re looking at at an increase in AISC of around $400. And that’s assuming Boda can recover copper at 84.5%.