Yes indeed - we await
There are options and Steam engine based on their scoping study would provide significant capitol
Already Steam Engine the upside case is up another 20% on their previous estimation on today gold price - that's money sitting there Payback Period 9 months at $2500oz AU2021 Scoping Study
A Scoping Study released during April 2021 indicated a robust financial and technical case for a near-term, low CAPEX, open pit mining and toll treatment operation.
The base case contemplated the mining of 65% of the March 2021 Mineral Resource to recover 70,000 ounces and assumed a gold price A$2,200 (US$1,900 @ 0.76 AUD/USD). Key outcomes are summarised in Table 1.
TABLE 1
1 AISC calculated in accordance with the 2018 World Gold Council Updated Guidance Note.
2 Includes pre-production CAPEX plus operating losses until profits are generated.
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