Is the open-pit mine economical without an upgraded resource?
1 million oz of gold even at 80% recovery values the company at around $28/oz for a JORC resource, which is pretty damn cheap. Unless of course it makes little economic sense to mine and the cost of gravity and floatation processing is too costly?
I'm thinking of putting some $$ in if it falls any further. But happy to hear thoughts.
Ann: Excellent Gravity and Flotation Recoveries at Sturec Gold, page-32
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