at Lake Roe there is a starter pit with very low strip ratio, which will help the DFS business case. At today prices it would be 290M$ revenues
[..] A staged operation is achievable with initial stages generating strong surplus to potentially
fund deeper stages. For instance, a starter pit to just 65m depth on a 1km strike in the
northern section of Bombora can capture 95,000oz (1.54 million tonnes at 2.02g/t Au) and
generate ~$166 million in one year (excluding capital plant and infrastructure costs). This has
a 3.2:1 wastere strip ratio and assumes a 1.8Mtpa processing rate and an estimated mine
production cost of just ~A$753/oz2
Ann: Breaker Resources NL Takeover Update, page-44
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