The low grade results are quite consistent with previous results. If one cares to look at the detailed results from past announcements the only difference from todays announcement is that WC8 became a bit more honest and put some of the lower grade results on the first page whereas in past announcements they were buried in the back of the announcement - funny how most people just focus on the highlights and ignore the full set of results in the back of announcements.
The first thing I do in all annoucements for any company is go straight to the detailed results as many highlights do not show the full story - CEOs of mining companies are renown for distorting the real picture in the highlights (it’s not just WC8 but most mining stocks do the same).
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