Hi Kingston,
It seems management are expecting the capitalised cost to peak $69m in June this year before being clawed back into the P &L account as the strip ratio progressively decreases from the average.
$69m @ 25c per lb = 125 KT. Which seems to equate to the measured and indicated resources.
I thought the current mine plan only ran on for a couple of years and claw back calculations would be based on the 45KT that will be left in reserves post June 17.
Hi Kingston, It seems management are expecting the capitalised...
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