After repeatedly telling HC the operating costs for Cerro Negro deposit is US$120 per ounce, KCG is forecast to go under due to the weight of exploration costs required to do a feasibity study.
This follows recognition in the scoping study, that Anglo's nearby mine was not actually nearby, its cash cost per ounce were based on a head grade equating to the Anglo operation-despite the fact that KCG's little deposit has a resource grade of less than one third that of Anglo"s!, and its capital costs will be horrific.
Fraud squad will be called in to investigate!!!
- Forums
- ASX - By Stock
- administrator pending
administrator pending
-
- There are more pages in this discussion • 203 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online