Perhaps someone should tell CNB they can't have a gold mine with less 500,000 Ounces of Gold and they can't truck it to a 3rd Party mine for processing and make a profit. They must be dreaming.....
CNB Pre-Feasibility Study Results:
• Tick Hill Open Pit Ore Reserves of 48,600 tonnes @ 6.53 g/t for 10,200 ounces
Tick Hill stockpile Ore Reserves of 410,900 tonnes at 1.35 g/t for 17,800 ounces
• Production Mill Feed of 474,200 t @ 2.0 g/t for 30,300ounces over a 13 month mine life.
• Negligible capital costs of only $355,000.
• $25.6 M in pre-tax net cash flows at A$2,450/oz.
Key Milestones to gold production in 2020
• Advanced discussions are underway with 3rd party owners of processing facilities and contract miners regarding commercial terms.
Ann: Outstanding Further High Grade Gold Results, page-81
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