To estimate the current market value of the Star of Mangaroon gold deposit, we can calculate the value of its 23,300 ounces of gold based on today's gold price.
Current Gold Price:
As of November 27, 2024, the gold price is approximately $4,048.27 AUD per ounce.
Calculation:
Total Gold Resource: 23,300 ounces
Gold Price per Ounce: $4,048.27 AUD
Estimated Value: 23,300 oz × $4,048.27 AUD/oz = $94,324,691 AUD
Considerations:
This figure represents the gross in-situ value of the gold resource. It's important to note that the actual economic value would be influenced by several factors, including:
Mining and Processing Costs: Expenses associated with extracting and refining the gold.
Capital Expenditures: Investments required for developing the mining infrastructure.
Operational Expenses: Ongoing costs such as labor, energy, and maintenance.
Market Fluctuations: Variations in gold prices over time.
Regulatory and Environmental Compliance: Costs related to adhering to governmental regulations and environmental standards.
Therefore, while the gross value provides an initial estimate, a comprehensive economic assessment would be necessary to determine the net value of the deposit.
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