KGL 3.00% 9.7¢ kgl resources limited

re: Ann: Increased Resource at Murchison Gold... Plonko, you are...

  1. 712 Posts.
    re: Ann: Increased Resource at Murchison Gold... Plonko, you are getting into a habit of making false statements on the back of no research.

    If you bothered to flick back to the initial mine plan for STAGE 1 of Murchison (announced in Feb), you would have seen it was 24koz over 3.5 years. 30koz over 5 years is significantly larger and resource size/mine life will continue to grow as we continue to prove resources.

    Hopefully we can add another 13koz for heap leach operations at $500/oz, that will lift production to 44koz @ under A$900/oz cash costs - which will then create a very handy cashflow. If resources allow it, then we can then double the capacity of the CIL plant.

    Murchison is not a company maker but may prove to be very handy in terms of bringing in cash to the company as we have Andash and Jervois on the horizon.
 
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