re: Ann: Positive Development Study - Glenbur... No the costs are low. A sustaining capital cost under $1,000 an ounce is very low - compared to most of the other producers - even guys like NST which are around $1100 an ounce (with a market cap of $360m) Newcrest ($1,280 an ounce) (even Doray is expected to be $900 plus an ounce) and it is based on roughly 1/3 of the resource at one of GCY's 2 main projects. There is excellent potential exploration upside left from both projects.
Ann: Positive Development Study - Glenburgh Gold , page-3
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