thanks for the update Francoo, I looked at an article for Mincors Wannaway Nickel mine,from Sept 05 it mentions they are mining with airlegs for remnant ore and have good cashflow from 2.4% Ni at that time Ni was $7.50 a # or around 12 grams a tonne Au equivalent in todays terms.
So with around 30gram a ton Au at SLRs mine I guess this should give even a better cash flow with airlegs than the Mincor mine
http://www.ferret.com.au/n/Mincor-sets-a-cracking-pace-n688462
So maybe Davis is correct on his OPEX I am just weary after seeing a number of high grade gold mines close due to high costs and lower than expected head grade ie HIG BMO
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