Geofij got a question how can you validate this as economic to mine ?
From my perspective under the pit I only see about 170 M of strike length potential , and about 10 meters of ore body width , so about 5000 tonnes per vertical meter at SG3
Lets say it averages around 1.5% Cu that is worth about US$135 a tonne so that is about a 2 gram a tonne AU eq with Au around US70 a gram.
How many underground mines in Australia can run at 2 grams a tonne Au with only what looks to be around 270 OVM eq which would make development upward of 10% of costs per oz using about $50k per OVM decline cost) ?
Be interested in your perspective geofiji?
HGO Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held
