Don't think the cost to mine will be an issue in the long run, by the time they finish infill should be close to 3 million ounces, $30 a pop at current s/p. Leaves a bit of room for production costs. I think Macraes ran at an all in including rehab cost of US$1250 in 2022 . 50km away so definitely do-able. Mr Mkt doesn't like to play unless the reserves are at least indicated, hence the infill drilling. You would expect that over time once the resource has been firmed up s/p will head to at least $70 per, that's close to $1.20 There will always be questions over permits and that kind of thing until they are ultimately granted. Thats when the real money gets made if its going to be!
SMI Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
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