Pogo looks to be 10g to 13g /tonne, and producing as you say vs...

Pogo looks to be 10g to 13g /tonne, and producing as you say
vs Kalkaroo 0.37g AU or 0.79g including the copper
not in the same league

but back in 2015 HAV released 2 scenarios of development for Kalkaroo, HAV 156M shares
one was a low capex of AUD $83M startup
projecting production rising to from yr 6, 35,000T copper and 106,000Oz gold per year
thats 77 Million lbs of copper metal
break even copper price stated US $1.65
using current copper price US $2.78
difference = US $ 1.13 = AUD $1.54 x 77M pounds = AUD $120M per year (very rubbery figures)

that looks like payback of CAPEX in under 12 months, I know its projecting Yr 6 etc but I am wondering what was incorrect, if anything, about those assumptions at the time because that sounds pretty good to me and if my bank manager was more friendly I am sure they would invest into something with that sort of return.
$80M does not seem out of reach
capital raising/bonds of 40c per share to existing shareholders
in 6 years a dividend each year of the same as the CR/bond for 17 years
reward the patient shareholders

2015

Planned to complete these activities in the next 12 months
There doesn't seem to be a lot of backing up or taking responsibility for these types of statements, we look like we have all invested into and because of this sort of information, so the question begs, is it really true ????