Depends on grade and AISC (all insustainable cost)
I have another shallow open pit company using contract miners, transports, toll milling predicting $30m fcf from 50,000oz. Paid from 1st gold pour
This arrangement seems to have an AISC of around $1600 (not advised given contracts are commercial in confidence) based on sale price of $3500aud. Moved from 3 4c to 5 2c in last week
So we need from DT, the mre, the AISC, the revenue est and the timeline.
something to look forward to
Ann: Shallow, High-Grades at Star of Mangaroon & Popeye, page-52
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