Thanks binwood, understand where you are coming from but here is how I see it differently all being with a pinch of salt;
An orbody in the WA goldfields grading plus 15-20g/t underground at plus 4m wide which could carry twin boom jumbos etc...would be capable of having a margin in AUD even with third party milling of plus $1000AUD per ounce!!!
now based on that ( and metallurgy being ok) if you had just 100k Oz mineable there is a margin of $100,000,000 AUD!!! what if you had 500k Oz?!!
Don't take my word though, look at any of the big producers and look at the break down of their assets to some of their smaller but high grade deposits like Daisy for SLR or some of NST's assets and you will see what is possible...
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