Well that's a big reduction in Silver reserves ....from 9moz to 1.1moz talk about CCU ramping BS whoever the GEo was should be up strung up >>> 90% pure hot air ..no wonder the SP have been under pressure
Now we know why BOK got CCU main project for cheap cheap ....
pretty clear in the lastest ann..
The reasons for the reduction in Ore Reserves are depletion of the Manuka and Boundary deposits due to recent mining and application of costs associated with actual mining and processing methods, recoveries, state royalties and silver price to the whittle optimisations of the Resources. Refer Appendix 1 (Table 1 – Manuka Silver Project - Section 4) for further detail. These optimisations have indicated that there are no economically mineable resources at the Manuka Silver Project in the current silver price environment.
I do think the BOK guys are straight shooters ..1.7g/t 1.1moz Gold resource ....256koz Gold reserves
if mined to peer AISC(1100oz) would give free cashflows 100mill AUD... And the Manuka Plant must be worth a few dollars ..>>>>>
Well that's a big reduction in Silver reserves ....from 9moz to...
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