So AUD$125/Oz in the ground is your FV guide as opposed to the current MC reflecting roughly AUD$171/Oz in the ground?
IMO it is the exceptionally high grade of the resource is what validates the premium over a typical 1.5MOz - 2MOz resource which is in the 1.5-3g/t? as the volume of ore that is required to be processed to achieve the same amount of gold should (theoretically) lead to a more profitable mine and could take a smaller, less capital intensive, processing plant to produce the same number of Ozs of gold each year over some competitors.
Ann: High-Grade Resource Growth to 1.8 Million oz at Bellevue, page-33
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