With gold $35 per gram, the cost of mining,processing and transport works out to about 7 grams pre tonne. They stated $240 per tonne.
2008 $2.8 million exp,$600k admin.=about $300k per month
2007 $1.3 million exp,$350k admin.=about $150k per month
It all depends if they get more than 12 grams per tonne.
Historicaly Morning Star has yeilded 26.5 grams so we'll wait to see what the first 3thousand tonnes comes up with.
What's their exploration budget for the next 12 months?
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