re: Ann: Initial Cash Flow $US156M from Camer...
This initial study indicates that an open pit mining operation is potentially economically viable, with low operating costs of approximately US$595/oz of gold generating positive cash flow in excess of US$156 million.
Conceptual Open Pit Mining Study Parameters The parameters applied in the open pit mining study were: Process plant throughput: 1,000,000 tonnes per annum Mining Cost: US$2.50 per tonne Mining Dilution: 5% Ore Recovery: 95% Processing Cost: US$9.50 per tonne Administration Cost: US$1.50 per tonne Royalty: 1% Gold Price: US$1,100 per ounce
CVY Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
