anybody have a LT view on this gold miner in china?
from announcement 26 FEB 2009-:
PRE-FEASIBILITY STUDY FOR GOLD MOUNTAIN PROJECT
• Open pit optimisation results include 42 million tonnes of ore processed
capturing 1.032Moz of resources and 585,120oz of recovered gold.
• Low estimated total Capex of $US41 million for heap leach operation.
• Low Strip ratio of 1.5 to 1 (waste to ore).
• Production rate of 5Mtpa for an average annual production of 65,000 ounces.
• Estimated initial mine life of 9 years.
• Estimated cash operating cost of US$514 per ounce.
• Project pre-tax NPV of US$48 million at 8% discount rate and pre-tax IRR of 25%.
http://www.tianshangoldfields.com.au/
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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