I notice in the recent Keith Goode report that the recovery he...

I notice in the recent Keith Goode report that the recovery he is using is 83.4% for 2009, 84.5% for 2010 and 85% thereafter.

and "Apex Minerals NL commissioned Keith Goode...to compile this report"

So are these the numbers apex is using? Because in the release dated 23/6/2008 apex stated "The study has indicated robust financial returns with .... a metallurgical recovery of 88%"

So 0.046*120,000oz*$1400 = $7.7M annually off the bottom line??

wtf?