The ASX should investigate this announcement, KBL cannot say the insitu gold is valued at $34M, value has to take into account all costs (mining, processing, G&A, etc) and modifying factors (recovery, dilution, etc). KBL have just multiplied what they think is in the pit by a gold price (which isn't even close to the spot price). This is totally mis-leading.
Ann: Mineral Hill Update - Pearse Open Cut Restart-KBL.AX, page-23
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