This was an excellent announcement. It's the first time where we...

This was an excellent announcement. It's the first time where we have enough information to confirm the grades.

Producing 5786 oz from 125411 tonnes of material with a recovery rate o 92.5% equates to 1.55g/t. This is consistent with all their modelling. Lower output appears to be a result of 4-5 days shutdown.

If the same output continues through January, would expect the following:

200tonnes / hr x 24 hrs x 27 days x 1.55g/t = 200,880grams or c. 6459oz. This is base scenario (more likely).

Potential upside would be
220 x 24 x 31 x 1.55 = 8,157oz (less likely).