Think of the low-grade stockpiles like a plant filler.
NN is high grade but low tonnage.
They will need to blend NN with other ore sources in order to fill the mill.
If gold hits $3,000, that low grade filler could become economical to mill by itself.
Stockpiles 2,153,000t or 24,000 oz
24,000 oz * $3,000 = $72,000,000
Processing Cost $25 per ton
2,153,000 * $25 = $53,825,000
$72,000,000 - 53,825,000
EBITDA $18,175,000
Ann: Quarterly Activities Report and Appendix 5B, page-5
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