If I recall correctly Brad said under $2.5m for refurb needed which sounds reasonable compared to what Maroon had to pay to get Black Jack operational.
Extract - Laneway Initial Inferred JORC Resource of 951kt t @ 3.9g/t Au for 119,000oz Au.• Further resource estimations underway• Historical tailings to be exploited• 13 exploration permits & 17 mining leases covering 515km2 proximal to Laneways Agate Creek Project • Dozens of former open pits open at depth - end of extract
Once we are up and running within 6 months the included 119,000 proven gold ozs at say $1000 an oz could also be started to be mined.
That should cover a few bills!!
Might even get to see dividends paid before too long!!
I also took a couple of snapshots from the announcement to refresh our memories -
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- Ann: Transformational Gold Plant and Tenement Package Acquisition
Ann: Transformational Gold Plant and Tenement Package Acquisition, page-72
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