BML ventures have worked with Auric Mining AWJ recently. In late...

BML ventures have worked with Auric Mining AWJ recently. In late 2023 when the AUD gold price was around $3000 oz AWJ provided a snippet of how much gold they produced and the costs involved



8293 oz sold generated $24.8 in revenues at a cost of $22.6m or approx $127 per tonne to mine.

8000 is the indicated resource at Neta at 2.2g/t, so the ozs produced could be similar to AWJ, I would expect the costs to be even lower for GIB due to the shallow nature and higher grade at Neta, plus the easily accessible ore in the taillings pads.

However for arguments sake if you apply $150 as the costs per tonne then you have $20.2m in costs then at $5000 per oz you have approx $40m worth of gold. $19.8m profits after expenses split 50/50 would leave around $10m for each party.

DYOR