Gold/Gold stocks have taken a little breather after a very strong 4-6weeks.
The next leg up will be to US$1,600/oz perhaps in September, so buckle yourselves in for a fun ending to 2019. AISC after DFS will likely be ~US$850/z once the CAPEX and OPEX have been adjusted by WAVE.
With gold at US$1,600/oz, and AISC at $850/oz, that's a solid US$750/oz profit margin (AUD$1,100/oz+). The IRR and NPV will need to be adjusted in the WAVE DFS to include for a higher gold price.
A very profitable gold mine for stage 1 (70,000/pz), and ramping up for stages 2/3 will be very attracting for a major to TO the stock. Not many gold mines have 2+ decades of ore to process via conventional open pit.
- Forums
- ASX - By Stock
- BRV
- Ann: Update on Progress - Appointment of Consultants
Ann: Update on Progress - Appointment of Consultants, page-221
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)