Australia’s largest high-grade major gold deposit, with mineral resources of 14 million ounces of go, page-5

Too much dirt and rock mixed with it to make it profitable except under the highest of gold price environments , I’m afraid D . Ever stopped tho wonder why it hasn’t already been mined . Back in the old days most of the mines in the area went broke processing grades similar to what CTO says it has , before dilution of the 30 percent payablity. Factor the payability in and CTO grade doesn’t look anywhere near as healthy . As I’ve said before when they were mining , I estimated the fully diluted grade waste and all to be about 2.5 grams . Unfortunately there was never enough info in the reports to fully back that up . At $3000 an ounce Australian they would likely IMO be break even .