Oops should have read this at the end
A normal full grade production 1/4 needs to produce about $10,500,000 profit, to be at forecast, or process 15,000 oz, (37,500 tonnes) at a cost of approx $13,250,000.
This 1/4 was always going to include a significant amount of the test run ore and have start up teething problems.
Regards Mark H
Ann: Operational Update from the Old Pirate Gold Mine, page-75
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