No offence, but we do have an African Gold Specialist, that also has Executive experience.
~ seasoned resource industry executive 30 years experience in the gold, copper mineral sands industries
~ significant African experience
~ CEO of Acadia Mining
~ CEO of Intrepid Mines
~ deep operational and gold industry experience both in large scale open pit mining and underground operations.
Been kicking around on the Board of Firefinch since April 2021.
This is one of the reasons that Morila SA has called on the Government, the tailings in the pit (IMO) isn't the main concern for tailings, the storage facility only had enough storage to maintain the "forecast" production rates in the LOMP/MTPP until the end of 2022.
~ the lower production rates through 2022 and 2023 were significantly less than plan.
~ the TSF was a capital cost that was always going to be needed, hence it was included in the "Recapitalisation Package".
~ it was more than likely not overly mentioned as we were going to be positive cash flow by then.
~ the current POG would be an estimated US$750 - US$800 over the indicated AISC of the LOMP/MTPP, BUT as there will be a lot of stripping in the MSP to get to the targets, these cost will outstrip any profit margins, as the AISC was slated to be US$2,200 oz during these activities?
The red line is an inclusion done by me, as it is what I believe would have been the AISC (US$1,200 oz) given that I assume that there was no stripping (stage 2 & 3 in the MSP) -- basically, we could all assume that the current people running the mine have cherry picked all the sweet spots.
Given all the above, we still have two bidders for the project, obviously Corica Mali can still see a profitable business and so does the Malian Government (opinion) wanting the state-owned contractor.
cheers
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