Tweet, page-3195

Just to clarify here is a listing of what is what:
Costing Methodology, ( C1,C2,C3, M1 etc..)
• Net Direct Cash Cost (C1) represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to market, less net by-product credits (if any). The M1 margin is defined as metal price received minus C1.
• Production Cost (C2) is the sum of net direct cash costs (C1) and depreciation, depletion and amortisation. The M2 margin is defined as metal price received minus C2.
• Fully Allocated Cost (C3) is the sum of the operating cost (C2), indirect costs and net interest charges. The M3 margin is defined as metal price received minus C3.

I guess seeing that WKT is nowhere near production nor funding a number important inputs can only be speculated on, but hey that’s the name of the game.