Ann: Youanmi Gold Project - Positive Pre-Feasibility Study, page-22

interesting with the processing route if they had gone a simple gold conc then the state royalty would be 5%

see below:
The ad valorem or value-based rate of royalty, which applies under the Mining Regulations 1981, is based on the following principles:
bulk material (subject to limited treatment) – 7.5 per cent of the royalty value
concentrate material (subject to substantial enrichment through a concentration plant) – 5.0 per cent of the royalty value
metal – 2.5 per cent of the royalty value.

and everyone gets doing a con. its simple, other mines like deflector do it (but they have cu + ag credits).
but you have to truck it, and the value of gold in conc received is something in the order of 80-85% payable (it may be more but thats range)

not doing this implies Youanmi cannot make a profit doing this. The extra 1% VNC royalty kicks it up to 6%. ouch.
so management commit to a process virtually no mines in Australia, certainly not in WA use. Ultrafine grind. Thats got to be energy intensive, which means scale of economies to make it worthwhile.

so will converting more inferred actually make a difference? as BD said thats slow and expensive from surface - not so much from UG.

I did say if RMS got desperate maybe they'd look at this. Well they're not that desperate and definitely not stupid. If running a conc doesnt work, the project effectively isn't going to happen.

unless gold goes to $5,000 then all bets are off and m0ngy gets to say i told you so. Interesting to hear others thoughts which are not cut and paste from the report.

until then m0ngy will be making even more fake accounts, congratulating himself to himself on how he's smarter than the market. Echo chamber or dutch oven?