... but this closeby Blue Bar stockpile is only 1.5 g/t, this was there first chosen target it seems as they would prefer a closeby addition rather than higher grade but further away (which may take more time/money/logistics to setup?). This reported stockpile specifically, would seem to indicate:
Replace .85 g/t with 1.5 g/t = .65 g/t diff x 10,000t = 6,500 add'l oz @ $2950AUD = 19M to the bottom line
Still nothing to sneeze at.
And as you say still waiting on confirmations from other stockpiles like Bamboo Creek which has the 4 g/t cuttoff stockpiles. On this point - I may be wrong but I would assume stockpiles from previous operations with a cutoff grade of 4/gt does not mean the grade in the stockpile is actually 4 g/t. That was just the previous cutoff which indicates grade should be high but not equal to the cuttoff number?
CAI Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
(20min delay)