Right, so the formula will be:
A = pour amount in Oz
P = sale price of gold per Oz
T = days from 27 May to first gold pour
C = Total running costs per day
S = ADG 49% share of amount realised from gold sale
So the formula will be ((AxP) - (TxC)) x S = Viable or not
Anyone know the total running costs of this operation per day?
Ann: GDM: GDM commences operations at the Challenger Gold Mine, page-53
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