Emphasis on the words "small", "north wall" and "slightly less".
Kojak is spot on.
This barely affects operations and certainly not the east wall extensions where all the high grade mining is going on extended again and again. With all the rain last few months, its no surprise really.
Its a shallow open pit and the north wall is not that large or high compared to most super pits.
Area affected looks to be "small"
Mother nature did us a favour mining the north wall for us!
Now they can process those cheap mined stockpiles for 3 weeks out of 2 months stockpiles at AISC of U$400 as mining, crushing and digging already done on them. And they can use the north wall ore for the mill using dozers.
I think the AISC will be lower or stable in Q1 if they use the stockpiles.
No mention of the stockpiles, the rising gold price AVRP, hedge book or finances (U$3M debt paid on 8 October/trade creditors slashed).
This Super pit just keeps growing and extending with high grade all around.
Maybe they can bring in some high grade Tallman ore to the mill and start mining the stunning spearpoint/Larken areas on top of smarts 3.
And look at the slightly small market reaction and small slight volume.
The INSTOs didnt even bother the ChiX today, a paltry small 300k volume there,
much ado about nothing!
