Gold is at $2500, not $1700, so it may still be profitable to process stockpiles of <0.35g/t. And if that's all that there is on hand, because of a shortfall from mining, then it may get processed in any case (keeping the plants moving). I don't think a JORC update to adjust the cut-off would hold them back from processing lower grade if it still made sense financially.
I'm trying to work out why grade would still be at 0.4g/t when they say they are mining. I expect mining is gradually increasing as a proportion of processed ore, while stockpiles grade is gradually falling.
But we're close enough that it should not be a big issue any more.
- 2 plants close to full production.
- Near-full fleet on site, finishing commissioning.
>1 year at 0.4g/t is too long, but it should no be much longer.
Gold is at $2500, not $1700, so it may still be profitable to...
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