I'd take Corgi and Shikapat comments with a LARGE grain of salt!
1) @Corgi claiming that you should consider in-pit resources in the upcoming MRE to be "reserves" is completely wrong.
Reserves can only be classified using Measured/Indicated resources, and a fair chunk if not the majority of resources in the upcoming MRE will be Inferred. Also, reserves will only be classified during a feasibility study after taking into account all economic/mining inputs.
2) @shikapat comment that "the cost per Oz to pull it out of the ground may be as low a $600-700 an Oz".
Again, this can only be determined during a feasibility study. Comparing to established mines with very different resource/mining characteristics and pulling a lowest quartile cost out of the air because it sounds impressive without any supporting information is worthless.
Cheers
Ann: New Discovery expands Ternera Gold System 500m to the East, page-66
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TSO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.00M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.7¢ | 3.5¢ | $64.15K | 1.782M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1233381 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 415459 | 2 |
View Market Depth
| Last trade - 15.50pm 27/09/2024 (20 minute delay) ? |
| TSO (ASX) Chart |