trtyou are asking a vital question regarding tonnage which the...

trt

you are asking a vital question regarding tonnage which the quarterly carefully avoids except to say the plant is not fully utilised

plant capacity is about 320,000 tpa I guess so the quarterly tonnage was probably about 70,000 tonnes for about 5,500 ounces

my guess at head grade is about 2.5 g/t

furthermore, CTO seems to be regarding development costs as CAPEX - that's my reading of their words "capitalisation" and "amortisation" regarding development costs - though they say this is acceptable accounting I am reasonably certain that very few other miners are excluding development costs when declaring their costs per ounce

my interpretation of them developing the city reefs is that they are backing out of Warrior looking for better value elsewhere - just my thoughts