KCCCC, page-22

Hi Moyston , Due to your 3 posts only I'm guessing you have a connection to Hillgrove.

I'm intrigued by your comment.

"and copper grade levels probably tell a story."

As one of the big risks to the cash flow forecast is feed grade I have been trying to track performance in that regard.

I thought that the thousand tonne of CU shortfall in 2017 and the 4000 tonne shortfall may have been due to the actual grade being lower than the reserve/resource estimate. 

I have been told that its timing rather than grades.

Do you hold a different view?

The only information I can find relating to grade reconciliation was the dec 17 quarterly where we were told (in spite of the 1000 tonne shortfall in production) that actual grades were 2% higher than the resource estimate.

I'm hoping this isn't a case of bad news not being highlighted. As has been the case with the mining and production cost overruns.