One thing I found intriguing in this interview was the strategy around Toweranna. The gold does sit in some rather thin quartz veins - given the way this is typically mined in an open pit scenario you could easily have modifying factors for dilution of 20% and recovery of 90% - that’s before it goes through a plant.
that has a huge impact on economics as all of a sudden you’ve gone from 5.3mt @ 2.1gpt for 356koz resource to a 6.4mt @ 1.6gpt for 320koz mineable reserve.
If the ore sorter strategy works and we can reduce the waste rock going into the CIL plant (lower dilution, higher feed grade) and recover/mine most of the gold (>95%) the economics will look a lot better.
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