Hi there dsb55, you say..."This mining will be commenced with very little dilution as the mine is fully permitted and on care and maintenance until it's re configured to deliver $800 million in cash."
The mill at Central Gawler is to be refurbished and possibly reconfigured for processing Tarcoola ore mid 2026. ATM it is a 650,000tpa mill and is likely to deliver something between 30000 and 50000 ounces pa. If we take 30000pa at a margin of $3000, the mill would deliver cash at $90,000,000 pa. The $800,000,000 cash you refer to is to flow from the Tunkilla mill which is yet to be permitted for mining. The cash flow from the Central Gawler mill will assist in the cost of construction of the Tunkilla mill.
Cheers Mulac1
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