Ann: JORC Mineral Resource Update, page-5

Hi @Drugo, how's things?

I tend to agree, the AUD$3200/oz target for OP is a bit ugly & it's a bit tricky (at this stage) to imagine how those types of numbers might inspire Market enthusiasm toward WMC.

I see they've used a glass-is-full estimation for their open-pit grades at 2.2g/t ...



Historic open pit mining for AGC (Agincourt Resources) & WMC suggests open pit grades are probably more likely to be 1.0g/t - 1.7g/t although Apex Minerals mined a modest amount of healthier-looking grades for open pit around 4 g/t in FY09 (below extract is from the AXM Mar'09 quarterly pg.2)...



Below summary compares mining & gold production for AGC / AXM / WMC...



Hope things are well with you.

Cheers
GW