Ann: Korbel Gold Project Starter Pit Scoping Study, page-371

This was addressed in the webinar today, and is in the table below. The costs of the “yellow gear” as they called it is 57m

In the 424m is a +10% contingency, add to that inflationary pressures around steel, transport etc and it explains a fair whack of why the $200-$250m capex changed - edit these are my assumptions, Chris didn’t say this in the webinar, but it should be a valid assumption. Plus they added more capex to facilitate the additional capacity when they get more RPM and Korbel drilling and resource estimates done.



I would’ve liked to have seen a detailed breakdown in the announcement as to why the 200-250m was now much higher.