Im just some layman in metallurgy. How are the calculation/methodology being done for estimating ore reserve? Reliable?
Latest annual report has proved 0.1 tonnes millions of KI ore @ 63.4%, but gave out a probable 20.9 tonnes millions of ore @ 65.5%
Above are the report for investor, the year before the seabed collapse (2 months later)
Pg 22: KI Proved 4.16 Mt @59.3%, Probable [email protected]%
Pg 11: KI Sept Qtr unit mining costs at bottom end of $7-9/t guidance range
Can I safely say that KI has very very low cost operation due to very simple logistics i.e. short distance driving to port.
Koolan Island 2014
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