ann out resorce doubles, page-40

Clacoste
Yes, the options at Mt Kare are fantastic now.
Company could start with an ultra high grade UG operation at about 400 Cash Cost (see SP's comment).
Company could yse the proposed exploration audi as a production ausdit
development costs are now ultra cheap.
Larger resource could be put into the model after year two.
Don't think they would start at 200 koz pa, more likely around the 120-150 koz pa but thats a healthy cash flow at $400 oz cash cost
I think for all the shyte-bagging and short selling the on-mor day traders have given IDC the last laugh will be on them