"Mining will be carried out underground by hand held mining methods at a rate of approximately 1,000 tonnes per month."
"The HGZ was previously mined at high grades (several ounces per tonne interpreted from the volume of ore extracted and gold produced) at surface and in shallow shafts by local miners,"
Several means 3 right? 3oz per tonne. 1000 tonnes per month = 3000oz of gold per month. Unless my maths is way off, that seems very good.
Maybe someone with some more knowledge of operating costs and margins can infer what this might mean in terms of annual income.
CGN Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
