Ann: Maiden Reserve at Bulletin to drive step-change, page-9

115 kms haulage is irrelevant given the grade... each 100t load is carrying $23,000 worth of ore.

2.86g/t at 88% recovery = effective head grade 2.52g/t
2 years mine life = 300kt per year ore from Bulletin to the mill = 12.5% of throughput from Bulletin (2.4Mt ÷ 300kt)
Ignoring ore from Blue Bar the average head grade works out around 1.1g/t (7 x .9g/t + 2.52g/t) ÷ 8 = 82,500 ozs/year (2.4Mt @ 1.1g/t)

I think we need to see a better performance from WGP if CAI hopes to produce 100k/ozs per year.