As gold price is sitting around US$2,000/oz, they should be able to sell Morila gold mine for $1.
FFX were mining tailings with grade of 0.6 g/t, at opex of around US$2,500/oz. The grade of the main ore body is 1.50 g/t, the mine is likely to be economically viable at current gold price, imo.
If Morila gold mine were sold, the most issues for FFX would be solved, imo.
Ann: Shareholder Update, page-24
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