McPhillamys project presented a robust economic case when the DFS was done. That was about five years ago and development and operational costs have risen substantially but the open pit design was feasible based on a gold price of $1400 AUD. The current price is just under $3000. When the numbers are revisited it's hard to envisage that the investment case won't be substantially improved as will the resource statement.
Ann: McPhillamys Gold Project Receives Development Consent, page-17
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Last
$1.78 |
Change
-0.010(0.56%) |
Mkt cap ! $1.340B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.76 | $3.430M | 1.934M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 43503 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 48116 | 6 |
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| RRL (ASX) Chart |