HRZ 0.00% 4.0¢ horizon minerals limited

Ann: Boorara Drill Results Continue To Exceed Expectations, page-7

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    I am assuming that the June 2020 production we likely be commencing around the crown jewels and regal sites. If we are get higher drilling grade results than the reference grade 1.73g/t of high grade ore from the trial pit and mining & production. As I said in earlier post the trial pit made a positive cash contribution at A$1,300/oz. Assuming recovery costs are not outrageous, intuitively you would think that Boorara maiden production would be profitable.
    Last edited by ecker: 21/01/20
 
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