It is very profitable because the gold is sitting within quartz that is between 3metres in thickness to 12metres thickness and halo rock around it. Not small amounts of gold sprinkled over 500metres to 1000metres along strike. 100-300metres from the surface.
This chart below X-axis highlights the All In Sustainable Costs in AUD of these high-grade gold mines down 1km-3kms from surface.
Alexander River & Big River will sit around $A950/Oz to $A1,000/Oz All In Sustainable Costs.
With the Gold Price at $A2,623/Oz, there is a ~$1,623/Oz Gross Profit per Ounce.
The 500kOz to 700kOz JORC Resource is only down 250metres from the surface 500metres down the Quartz Lode(since high-grade gold lodes are on a 45 degree angle) is only 1km from surface.
See the calcs below.
It is very profitable because the gold is sitting within quartz...
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