If you google the average wage for Mali, you'll find it's $1500pa for a skilled worker. This is one reason African miners are able to keep their AISC below Australian producers. You can get $100k pa driving a bus in Kalgoorlie!
We had 135 staff & 350-400 contractors when we took over the operation. A company like Alkane Resources (Aust producer 45-50k oz pa) has 157 employees. (also $570m mkt cap) Multiply that by $100k each and you're talking serious money.
FFX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
