POG used in NPV calculations is US$1,300/oz. That information you are quoting from p.11 of an announcement on 22/6/18 is a conceptual/theoretical exercise to establish the prospects for economic extraction by constraining the resources into an optimized open pit. I’m not an expert by any means but the underground mining potential is key here, and maybe why they used the higher POG to better reflect the circumstance. Keen to hear @eshmun ’s take. This is the announcement...
https://www.asx.com.au/asxpdf/20180622/pdf/43vyxxv2grmbv6.pdf
POG used in NPV calculations is US$1,300/oz. That information...
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