HRZ 2.70% 3.8¢ horizon minerals limited

Ann: Boorara Resource Update Increases Gold Grade by 34%, page-17

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    If the Capex is $85m and they we looking at 5 year mine life (5 year pay back) and 60,000 oz annual production. The capex contribution to AISC is A$374/oz. So we should see come down to around AISC $1306/oz, if HRZ can come up better than ASIC$1306/oz in their BFS then thumbs up...
 
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