re: Ann: Increased Resource at Murchison Gold... And let's not forget that the project with sovereign risk is basically given 0 value in the SP. So it's not that much of a risk at all!
Murchison is not a company maker but once we drill out the Authaal pits we should have enough low grade ore to justify a heap leach operation with cash costs about $500-550/oz as per the scoping study. So stage 1 and 2 combined could end up being under $900/oz for approx 44koz pa. So even with gold at $1500, that should generate over 26m profit (before taxes) pa.
re: Ann: Increased Resource at Murchison Gold... And let's not...
Add KGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.8¢ |
Change
0.003(2.38%) |
Mkt cap ! $60.98M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.5¢ | $2.529K | 24.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 446286 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 18172 | 1 |
View Market Depth
| Last trade - 11.17am 27/06/2024 (20 minute delay) ? |
| KGL (ASX) Chart |