Yes Side Well is very close to the RMS Checkers mill at Mt Magnet.
Ore would be trucked straight to Checkers so no need to spend $100m on a new mill.
Capex on Side Well would be very low, perhaps $40m?
It is mostly shallow gold so the AISC would also be low, around $700 oz au.
That leaves an AISC margin of $1,700 oz au.
Just 100,000 ozs au would generate $170m
But given the strike length the resource will be bigger.
200,000 oz au = $320m
300,000 oz au = $510m
etc
RMS paid $750 a resource oz for Penny
Congratulations to those who held on today during the dump.
GBR have a very profitable find here.
They will need to drill more and announce a maiden JORC,
After that predators will be swooping.
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