My back of the envelope numbers.... CAI is paying $12/t to Hao...

My back of the envelope numbers....

CAI is paying $12/t to Hao for each tonne milled. The grade is anticipated to be 1.87g/t = the dirt is worth $182 per tonne - $12 brings the effective grade value to CAI down to 1.76g/t.

If 10% of the feed to the mill is ore from from Blue Bar the numbers are 90% x 0.9g/t + 10% x 1.76g/t which brings the head grade up to 0.986g/t.
If 20% of the feed is from Blue Bar it brings the head grade up to 1.07g/t.

The range of improved produced ozs is between 5,600 ozs (10%) to 11,200 (20%) all of which is to be sold at spot (as per the terms of the transaction agreement).

Once the cut back of WGP is complete the grade of 0.9g/t should also improve.