Yes I likes the comment from MQ that what we have is what Harmony has been mining for the last 20yrs but ours has been sitting untouched ....they are the same reefs that run through the permits >>>
Doornkap produce 96,291oz au pa @ AISC $1289oz USD from 2km deep 20/21Fy(going be much cheaper to mine closer to surface and not downshaft
using $1800oz x 511 profit margin @ USD sale price = $49Mill USD =$66mill AUD pa
I'm sure Harmony understand that WWI could well be sitting on 4-5Moz in Gold reserves to 2km ... at 4Moz = 90% recoveriables =3.6Moz = 37.5Yrs of production ...
Put the likely Inflation in Gold Prices ... we are talking many USD Billions in profits ....
Now how long do you think Harmony will sit on their hands ...Sibanye or Chinese interests won't ... China is a net Importer of GOLD even though they are the Biggest producer of the PM
Ann: Investor Update - Company Update on Granting of Mining Right, page-71
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