In their reserve statement, the company used a A$1,600 price...

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    In their reserve statement, the company used a A$1,600 price which sounds reasonable enough?

    Mining dilution and recovery, estimated by modelling to a Selective Mining Unit (SMU) with dimensions of 5m x 5m x 2.5m, are 5% and 94% respectively.

    Would you be so kind as to explain as gently as possible to a layperson like myself what that means?
 
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