re: Ann: March 2012 Quarterly Report of Activ... "3.1 GOLD...

re: Ann: March 2012 Quarterly Report of Activ... "3.1 GOLD RECOVERY STUDY
The Hellyer Gold Project (HGP) is potentially a significant scale project with preliminary studies (reported in December 2011 Qtly) scoping out an 8 year operation, processing 1 mtpa through a refractory processing facility, producing 64,000 ounces gold and 2.3 million ounces silver per year at an average total cash cost of approximately $466/oz (after silver credits) with a capital outlay of $189 million.
Bass Metals has not been able to advance this project significantly during the quarter given its financial constraints. But it did make a further exploration licence application covering potential limestone areas which could be utilised as a reagent source for the HGP (ELA 51/2011 – Figure 1).
Whilst the HGP is still at a preliminary phase with important test work and processing issues to be addressed, the Company considers that this project is potentially a “Company-maker” and could become the platform of a regional refractory gold production business. Note, the HGP would require a new, specialist processing plant and whilst the existing services infrastructure would be utilised, very little of the Hellyer Mill is appropriate for the HGP treatment processes being considered. The Company is continuing a discussion process initiated last year to seek joint venture partners with the technical and financial capacity to accelerate the evaluation and possible development of the HGP. These discussions remain at an early stage and are incomplete."

just having a read, i wonder how this ore would go through bcd's bacteriological refractory plant. or maybe modify the hellyer mill using bits from bcd's mill/plant.
tassie miners are doing it tough.