statement 1 ""the free milling open pit ore will be exhausted by end of year""
and
statement 2 Delivering a step-change in project economics, with the following free milling production targets over the next 3.5 years: • 250koz gold from free milling reserves • stripping ratio of 7:1 (decreasing from 16.3:1 in first half FY18), resulting in a meaningful reduction in open pit operating costs • AISC of A$1,100 - A$1,200/oz • mined grade of 1.5 g/t and processed grade of 1.3 g/t (including low-grade stockpiles) • processing recovery of +90%
Statement 1 cannot be reconciled with Statement 2 ....can it?
BLK Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
