I posted this info on 16/11/21 "Phil Crabb said the project would be a company-changer.“The project is well advanced and the only hold up is getting the necessary native title and heritage approval to mine it,” he added.“We will be producing, which will give the Company a fair bit of cash surplus and means we will not have to return to shareholders while aggressively pursuing other targets that we have lined up to do work on in the large area we have got at Garden Gully.”And it’s not hard to see why. Crown Prince gold deposit will cost approx.. $4.7m to develop and will produce approx.. 22,000 oz of gold at a very low all-in-sustaining costs (AISC) of just $1,007/oz.This will generate a forecasted net cash surplus of $21.1m according to the positive scoping study completed at the end of 2019, which used a modest gold price of $2,000/oz. Actual profit would be higher given that gold is currently trading above $2,600/oz." his quote is dated 24/09/20 in *.
I understand the delay in obtaining the mining lease may have made the arrangements difficult to implement. However what has been put in place since then to put this income flow into our balance sheet.
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