Ann: High Grade Gold Hits from Bryah Basin , page-18

chicodechico

50kozs is not going to get them anywhere

You would actually make more money from a much smaller operation mining around 10-20kozs per annum with a gravity circuit which they could pick up for circa $500k - $1M, cash costs probably come in around $6-800/oz

Trucking the ore destroys any margins though, especially the distances you are talking

So they either have to be able to do shallow mining with a very cheap gravity circuit, or prove up 1Mozs+ to justify the capex spend of a plant and even then I say this would be a big ask until gold returns to $1600

Grades are a nice start, but need tonnage and scale