Possible Total Gold Resources 50 million Ounces, page-49

Website has been updated since i last looed at it many moons ago.
Of note, there are no annoucements available prior to 2018,convenient. Luckily the asx have them.

Some key points

• Cash mining cost estimated to be under A$400 per ounce at full production - seems to becoming cheaper to attract investors.
• Additional new external capital required to reach initial stage production rate of over 220,000 ozs/year estimated at $60 million. Balance of growth may be internally funded from cash flow depending on rate of growth. - was $100M, How did they manage to save 40% of capital required.
• No gold has been forward sold, so no hedging risk. - was tried by paying bck redeemable notes in gold but you need to mine it first
• Citigold is very capital efficient based on cost of asset and gold mining infrastructure built to date. - they don’t own the plant. What infrastructure do they have left?