Ann: Consolidation/Split - CLZ, page-115

Anyone remember when Classic management flew overseas at shareholder expense to view fire smelting gold from hard bedrock veins in place. Rivers of gold pouring into automated rail carts bringing it to surface they claimed. Many punters don't realise how much more expensive it is to extract gold from bedrock compared to dirt.

The extraction energy expense buy far exceeds any gold returns in marble-type hosted bedrock such as Kat Gap. No matter the method Kat Gap will never be profitable after extraction and milling costs pure and simple.