KCN 4.65% $1.35 kingsgate consolidated limited.

Ann: Funding underway for the restart of the Chatree Gold Mine, page-28

  1. 5,951 Posts.
    lightbulb Created with Sketch. 1459
    Well I was right about the staged restart, processing stockpiles mixed with quartz lease ore, avoiding the need for dewatering until cashflow is well underway.

    Makes sense. Minimal mining cost for stockpiles (low grade ore). Low mining cost for quartz lease, which is a hill, not a deep hole and/or full of water.

    https://hotcopper.com.au/data/attachments/4141/4141400-9720e5c47ff729c48fe44c9f07e5f53a.jpg
    https://hotcopper.com.au/data/attachments/4141/4141403-e6181b3f4053555b631c0bb050736221.jpg

    So that means -

    refurbishment is still required
    but dewatering is not required for another year, potentially.
    so lower initial restart costs.
 
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