Ann: Gold Forum Europe 2024, page-62

The shear value of rock in ground could push this much higher, especially with gold and copper futures projecting much higher prices and if Kaiser is indeed a larger and higher grade mine than first anticipated by IC.
A smaller scale operation fed by a Kaiser starter pit at say 1gt could push the value of this project much higher.
5mtpa plant at that grade is a 150k ounce a year operation.
Rig that mill for easy expansion then use cashflows to fund expansion.








As you know I always hated the hedging deal however that is just one part of the equation.
TGE will still be generating serious cash at these gold prices.
Easily enough to cover ramp-up CAPEX.