atlas copco deal, page-4

heres an interesting one

http://www.kordamentha.com/downloads/Creditors/1/Ernst%20&%20Young%20Independent%20Valuation%20Report.pdf


"During the remaining life of the mine we have assumed that approximately 996,370 tonnes of ore are processed at Wiluna. This translates to approximately 195,000 ounces of gold and an average head grade of 6.1 grams per tonne. Based on the assumption that mining ceases at Wiluna in 2004, we have assumed that the reserves at Wiluna are fully exhausted."

my comment= how wrong they were


"We have assumed an average recovery rate of 82% through the mills resulting in gold produced over the life of the mine of approximately 160,000 ounces. This is consistent with historical recoveries."

my comment= isn't that the same recovery AXM has had straight up?