AQX 14.3% 0.8¢ alice queen limited

Gold at significant depth with copper credits which make the...

  1. 163 Posts.
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    Gold at significant depth with copper credits which make the AISC (all in sustaining costs) very low (theoretically). The drilling would indicate a deposit with the same characteristics to Newcrests "Cadia" deposit - a 50 million odd ounce gold deposit (one of the biggest in the world) with one of the lowest AISC's of any gold mine in the world ($500USD an ounce or thereabouts), thanks to those previously mentioned copper credits, and due to the fact that they 'block cave mine' the deposit (blow it up from below and then transport ore to surface - very cheap apparently). To put the Cadia mine in perspective, it produces the same amount of gold as all of Northern Star Resources mines.

    The Boda discovery is on the same geological feature as Cadia (Lachlan Fold Belt). It'd appear that the Boda anomoly sits on a South East trend, and the grade increases as it progresses to the South East. AQX's tenament is 700m to the East of the Boda discovery.

    Folks, correct me if I'm wrong on anything.
 
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