the two stope blocks "provide an early source of mill feed," according to the VTX statement.
assuming estimated grades of gold ore in the two stope blocks meet expectations, it's reasonable to expect they'll produce around 2,144 troy ounces of the yellow metal, which isn't part of a previous resource estimate.
with spot gold early Thursday evening Sydney time quoted around A$5,182/ounce, production from them could yield gross revenue of A$11.1 million.
AISC on this will be worked out in due course.
but insofaras grade is king, and these are high grades of ore by any definition, early production from the restart of the Reward mine by VTX will generate handsome net returns, thank you velly much.
VTX Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
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