Les also quotes "every A$10 million per annum of margin realised...

Les also quotes "every A$10 million per annum of margin realised from the base metals over 100,000 ounces of gold produced equates to A$100 per ounce LOWER all in sustaining cash cost"

“We are confident that the current resource at Hollandaire is the catalyst to add a copper, gold and silver concentrate revenue stream to our Murchison gold project.” said Silver Lake’s Managing Director, Les Davis.

“The Eelya Complex, beginning with Hollandaire, has the potential to add significant value to our Murchison gold project.

The result is expanded gold production with copper and other base metal credits which can be processed at a marginal capital and marginal operating cost at the nearby gold mill.

As an example, on a by-product credit basis, every A$10 million per annum of margin realised from the base metals over 100,000 ounces of gold produced equates to A$100 per ounce lower all in sustaining cash cost at the current
gold operations” Mr Davis added.

Angers