Ann: Ballarat Gold Project - Progress Update , page-3

Another duck that could line up is the price of gold hitting a peak at just about the same time CGT becomes a producer. That debt crisis in Europe seems to be spreading, but it's more like a Euro currency crisis seems to me that is good for the price of gold. Not that the price of gold matters much for CGT if they can produce it for about A$700 there's plenty of profit there.

They are going to use 2 jumbos for the actual mining so it seems, not airlegs. So looks like they will be feeding the mill with diluted ore but we not to be concerned as that mill has huge capacity including cyanide processing and diluted ore just sends up the cost of processing by a few dollars per tonne. Can't be bothered looking up the numbers but probably about $10 per tonne.