Yeah simple mine crush screen site establishment, power, plus bonds native title, royalties and working capital
would cost at least $10m
then opex means you would lose money
nothing comes for free otherwise Novo wouldve done it already
Unsurprisingly Calidus gone into Admin today
This is what happens when you try to mine low grade 1gpt orebodies.
https://thewest.com.au/business/adm...mentha-put-into-waroona-gold-miner-c-15193404
Ann: High Grade Rock Chip Gold Assays, page-82
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