Ann: Tomingley Production Update, page-18

@Antipater_100 @speculator101
Strip ratios are pretty borderline (18.6:1 W:O) but the saving grace is the grade (2gt).
I think the open pits will be economic to mine at a 3k plus Aussie gold price.
The timing of when they bring open pit mining into the schedule is what I am disputing.
I think they will need to delay the open pits by up to a year in order to strengthen their balance sheet.
Rosewell UG and the remnant stopes from the old TGO underground mines plus stockpiles should supply enough dirt to fill that mill for another 12 to 18 months.
If they chose not to delay open pit mining, then they will need to either raise capital or use some other corporate debt option (asset sale or bank debt).


Just my opinion based on how the current numbers are stacking up.
All will be revealed when they release their updated LOM.