question, page-2

The predominant reason is the grade is not there, so less total gold produced than expected from Warawoona for a higher total cost than expected because of inflation. Equals much higher AISC. The target for Warawoona was originally 100,000 p.a plus 30,000 from bluespec = $130,000 p.a.
The target now which was released shortly after the last capital raise seems to me that it is now 100,000 oz p.a total which now includes 10,000 p.a from the hasty JV with Haoma and 30,000 p.a from Bluespec. Which means to me the Warawoona target is now 60,000 oz p.a. (a fall of 40,000 p.a from 100,000 p.a 0z). If they continue to dig the higher grade dirt only at Warawoona, it makes sense that the mine life will diminish rapidly.

These are my thoughts only which may be incorrect. If anyone thinks I am incorrect, please correct me.