The Bird-in-Hand deposit is one of the highest grade gold deposits in Australia. It has an Inferred Mineral Resource estimate of 557,000 tonnes at 13.0g/t for a contained 233,000 ounces of gold (at a cut-off grade of 1.0g/t gold). The mineralisation is open at depth and with several historic gold mines located a in the immediate vicinity of the deposit there is potential to add to the resource. Terramin plans to utilise its existing processing plant and tailings storage facility at the Angas Zinc Mine to process the ore. Having the opportunity to use our existing processing plant and tailing storage facility makes the Bird-in-Hand deposit a highly valuable asset.
There is about $350 million in revenue at $1500 aud per oz
Since there is little start up capital costs then the costs should be fairly low.
At $900 cash costs and say $600 per oz profit that is around $140 million profit in total.
at $1700 aud /oz the profit is $186 million.
interesting times indeed.
cheers contra
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