722,000 tonnes @ 1.31 g/t Au for 30,500 ounces, with 22,100 ounces classified in the indicated mineral resource category.
Grade is too low to truck the ore to Youanmi and unless they find a lot more 22,100 ozs is far too small to cover mine establishment costs.
The depth is becoming a problem too, normally UG mining needs 5 g/t. So the AISC margin will be smaller than $1,000 oz Au.
Also, the mine gate sale agreement is far from certain and Rox is planning a small 480 ktpa mill for high grade ore. Thee is no spare capacity so Rox won't want to process low grade Bellchamber's ore. Matty negotiated a good deal for Venus (and Rox) but this is pie in the sky imo
722,000 tonnes @ 1.31 g/t Au for 30,500 ounces, with 22,100...
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