I agree with Denial and the Hyphen. Take a few steps back and get a perspective.......
"Chatree Gold Mine, Thailand
As the Chatree Gold Mine has been closed since 31 December 2016, the Chatree Mineral
Resource estimates have not changed from those reported for the 30 June 2017.
Kingsgate, having successfully negotiated the reinstatement of the Metallurgical Processing
Licence in January this year as part of a broader negotiated settlement with the Thai
Government to restart the Chatree Gold Mine (ASX:KCN titled “Licences now approved for
Chatree Gold Mine Re-start”, dated 19 January 2022) contracted AMC Consultants Pty Ltd
(AMC) to prepare an updated Ore Reserve estimate for Chatree incorporating updated
commodity prices, cost factors and metallurgical recoveries.
Chatree comprises multiple open pits with two carbon-in-leach processing plants able to
process 5.5 Mtpa. Grid power at 115 kV is accessed approximately 2 kilometres east of the
plant site and a dedicated sub-station and 22 kV line service the mine. Refurbishment of the
Chatree processing plants is currently underway.
Chatree Mineral Resources estimates are 3.42 million ounces of gold, and 29.4 million
ounces of silver (163.6Mt at 0.65g/t Au and 5.6g/t Ag).
Chatree Proved and Probable Ore Reserves announced in May this year increased by 46%
to 1.3 million ounces of gold and 12.2 million ounces of silver (52Mt at 0.78g/t Au and 7.4g/t
Ag) with respect to Ore Reserves of 30 June 2016 (35.4Mt at 0.78g/t Au and 6.8g/t Ag)."
I wonder how much that was worth???
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$500,000 Cash bonus taken by Ross & Jamie from placement., page-26
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