Good example to look at is the old KAL which is now called Mastra (?????).
Has over a Million ounces near Norseman at 1.6 g/t or there abouts.
Capex is the big hold up.
Big bucks to risk on such grade.
GMR is very very fortunate to have a willing neighbour in Anglo (and a second mine down the track is saying the same thing, yes we can toll treat).
Even at 1M ounces, at 1.6 g/t in Mali you are unlikely to be building your own plant.
Still good bucks to be made by GMR here given teh options available.
bullish close, page-43
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