Ann: Windarra Gold Tailings DFS Highlights Robust Project, page-33

If POS goes alone of Gold Tailing project, I dont see any value in it.
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Here are my reasons why
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Net Gold : worth around 110 Million
Plant Cost: 30 Million
Power Plant : 10 Million ( it does not have infra now)
Cost of Gold (Refining of Gold, Mint Charge, Sales Transport & Security of Gold charges etc Consistent with all other gold producers, have a look at their Cost of Sale Cost)
: 20 Million at least
Mining Royalty : 9 Million
That leaves around : 40 Million spread over 3 years
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I personally think it will be total distraction for POS to operate Gold Tailing.
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No single gold tailing project ever made profit. One largest gold tailing project (one in NSW) just went in liquidation few days back. However, I could be wrong as I have been few times in life.
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