They are stating that C1 costs are at around $4.60 US / lb 9foot note 3 on page 4). At page 15 they have the calculation of the C1 costs and in that they appear to have added both open pit mining $ per lb cost and underground mining $ per lb costs together without averaging the two by ratio of the two types of ore being mind. To me this seems to reduce the potential profit. If I am correct it should be amended to reflect the true profitability.
Happy to be corrected on this point - any accountants in the group?
Ann: Investor Presentation - Black Swan Feasibility Study, page-45
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