Opinions Wanted - Chattree profitability and TAFTA, page-3

Hey,

Thanks for replying!

I'm not sure this quite addresses the point. The economic damage would presumably be calculated based on: 1.) how much profit was foregone by the closure between 2016 and now (not an enormous amount, given a historical gold price of ~$1400 and average total costs of ~$1200), and 2.) how much potential future profit will be foregone if the mine remains closed.

The second part depends entirely on the assumed gold price in future years, which would be very much determined with reference to both the forward curve and historical, cyclical trends.

That's why I'm very curious to know if the tribunal is even allowed to consider market variations after the hearing ended. Ie. the gold price on the final day of the hearing was only $1,567.

I don't disagree whatsoever that KCN has been badly wronged, but I haven't seen much particularly detailed analysis about how much money they have actually lost (and will lose) as a consequence. That is, presumably, what the TAFTA award could be expected to be.

Cheers