I have spoken to Ian Lawrence yesterday afternoon at length. What he had to say about grades is that he thinks there was a mistake in grade calculations. Current design of pits need to be altered to optimise ore extraction. Ore is there but patchy in places. I have pressed him as to when can he say what are the grades? Answer was simple: I do not know. Will you have a guess? Answer was No. He also added that he has supervised many rump up operations and problems experienced by CCU at the moment are quite common. After our talk I have went and purchased two lots of CCU shares at the market.
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