Tonight I came across KIN Mining and they are a gold explorer in WA who are in the process of developing a mine.
The thing is, KIN's resource is 1.02m oz of gold spread across three nearby deposits. They are forecasting a 7 year mine life at a pre-production capital cost of $35.4m and generating cashflow around $210m at current gold prices.
In contrast, Minyari-WACA has about 0.723m oz of gold + copper + cobalt. Not to mention that AZY hasn't got stuck into Tim's Dome and Chicken Ranch yet. And then there is Citadel...
This helps put into perspective what AZY can do with a resource its size (and growing) and gives me renewed hope.
http://www.*.com.au/companies/news/...ing-alongside-a-rising-gold-price-193925.html
Ann: RIU Explorers Conference Presentation, page-28
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