The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Stephen Soock - Stifel Nicolaus & Co - Analyst
: Hi, John and team. Congrats on getting the study out. Great to see the large increase in the resource base and rapidly growing. I just had a quick
question around the change in the cutoff grade. Obviously, the cutoff grade went down for the PEA and slightly up for the DFS. Can you just talk
a little bit about why the different directions for the two different levels of study?
Question: Stephen Soock - Stifel Nicolaus & Co - Analyst
: Sure. Fair enough. I guess, yes, the long-term picture here is more important on building out the right scale and planning to that level. I appreciate
the answer. Just one more for me here.
I guess, you went through where work is on site. I guess, what is some of the critical path items getting to that? I believe there is a May target date
to have the Stage 3 up and running and coming online. What's, I guess, critical stage now? And then how does that transition? The development
is important but is there anything else that's a focus?
Question: Stephen Soock - Stifel Nicolaus & Co - Analyst
: Okay. Got it. No, thanks for that color. That's it for me. I'll pass the line on to someone else.
Question: Alexander Terentiew - Ventum Financial - Analyst
: Hey. I'm assuming it's good afternoon. I don't think you're in PNG yet, but thanks for hosting this call so quickly after the news release, guys. A
couple of questions for you. One, I noticed just the recoveries, gold in line with previous numbers and studies. Copper, you reduced by 1% and
silver down a couple of percent.
Despite the fact that over the last few months, you guys have been hitting some pretty good numbers. Is there anything you guys have learned
recently about the ore longer term that's changed your understanding of what we should expect for recoveries?
Question: Alexander Terentiew - Ventum Financial - Analyst
: Okay. Great. Another question if I may. There's a lot of detail in here, so I apologize if it's in this press release, I just haven't seen it yet. But this study
includes the latest Trafigura offtake agreement, I believe. And any details in there on what treatment charges are implied or other charges, whether
it's for this new study or relative to the old one?
Question: Alexander Terentiew - Ventum Financial - Analyst
: Okay. And just one last question. I know I'm going to be on site there next week, so I'll get more details. I mean, I'm just curious, now that you guys
are so much more advanced in your construction and you know what to expect here.
When it comes to your labor complement in terms of, I guess, even labor rates, but also a number of people, are you -- are the numbers still in line
with what you were thinking a couple of years ago? Or has your labor forecast changed?
Question: Alexander Terentiew - Ventum Financial - Analyst
: Okay. All right. Great. Thank you very much.
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