10m ounces: an investigation, page-15

trkjd1

That Western Decline is going to incorporate another Mine of similar size to Warrior (Imperial) and access around 2 mill oz of gold.

the Western Decline is a huge development for a small company - and it has to be developed in order to access multiple stopes.

So there's a lot of expense before we see the cash flow.

The Western Decline is a massive development and does take time, power (the recent power upgrade at least helped) and money.

I hope CTO does have the money and cash flow to do it and realise the full potential (300,000 oz/annum) otherwise - i'm asking you - how much would this project be worth to a major ?
How much would a major be prepared to pay CTO to take the project off its hands ?