Ann: Cadia Hill open pit approved for tailings disposal, page-2

interesting , use of the old pit will cost NCM 1.5 Million Oz of future gold revenue as the gold reserves are going to have to be reduced. and the price goes up lol

costs
loss of production and loss of profitability from wall collapse (lowered guidance coming)
reduction in reserve of 1.5M Oz of gold revenue in the future (reduction in value of asset/writedown, coming)
costs of engineering to get the new pit to accept tailings
Ongoing costs of investigation and remedy to existing tailings dam which still needs repair

wonder how long this drive up in prices lasts before the reality set in

.