$800/oz costs? $50m? Only 450koz? If those figures are true and management moves ahead any time soon, I'll have to re-evaluate their intelligence.
They'll need a much bigger cushion with the gold price. At $1000 gold, they'd only make $40m over 12 years. If you discount that it looks terrible. The return over the life of the mine is not enough to make it worth doing. Do the math.
pog...poo, page-22
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