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clock Created with Sketch. 23/07/24
15:21
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Originally posted by BerserkWarrior:
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Not sure it's approaching 'Tier 1' just yet but does it have to?.......a 'Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve'. That said it could produce close to half the definition of Tier 1ounces (if the numbers keep coming) however in the lowest decile of cash costs per ounce which would push its overall profitability closer to a defined Tier 1 asset which would possibly make it sought after even for larger producers that would ordinarily overlook a resource just delineated by SPR albeit still growing, and fast.
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Discovery Alert define a tier 1 deposit as 6m Oz of resources (I always thought it was 5m).
(20min delay)