Bring on the next one ...., page-13

Rangold. Kibali South is around USD $2 bill of in situ (non-JORC) as it stand but then the reason that gold mine cost so much to get up and running was the shear scale of the project... most gold mines are nowhere near that amount of Capex.

Kibali is projected to product 610k oz in 2017, that’s huge.

My view would be that Anglo/Rangold are happy to see small explorers conduct the higher risk exploration and if they find something decent will the look to purchase and develop.

That’s why there is always so much consolidation in the gold sector.