Technical work completed resulting in a new resource estimate of 38.4Mt at 1.41g/t Au for 1.74 Moz,
announced on 9 May 2017, based on the new and confirmed geological model with regional
prospectivity.
This figure is based on US$1,400/oz gold price and cutoff grade of 0.5g/t
If reduce gold price to US$1,200/oz gold price, the resource decreases to 1.1Moz.
Good luck to those that want to invest in an Indonesian gold project on the basis of a $1400 gold price.
Ann: One Asia Update - Awak Mas Gold Project, page-7
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