TCG 4.65% 22.5¢ turaco gold limited

I assume most people have heard of Capricorn Metals and the...

  1. 1,114 Posts.
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    I assume most people have heard of Capricorn Metals and the Karalwinda Gold Project. Interestingly, this is a low-grade open pit that Capricorn mine very successful. At 0.8 g/t, it's potentially even lower grade than Woulo Woulo:

    https://hotcopper.com.au/data/attachments/6188/6188178-1439b9796e61e526b1890c0bc145f8b0.jpg

    They generate excellent cashflow from this open pit, proving that broad, low-grade orebodies can be excellent cashflow generators provided large enough tonnages are sent to the mill. Not a perfect comparison to what Woulo Woulo could become, but close enough.

    https://hotcopper.com.au/data/attachments/6188/6188183-999547d860ce591d95e952fc1ebb760b.jpg
    Last edited by jman0076: 21/05/24
 
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