probably 20,000 to 50,000 ounces in whichever mineralisation they have chosen
based on the low number of 20,000 ounces and about 40,000 tonnes to be extracted the cost of extraction and processing would be about A$9 million for gross revenues of about A$28 million
expect it would be about 250 working days to totally extract the ore on an 8 hr shift or half that for a double shift
looks to be very profitable activity
play around with the numbers as you see it based on cash costs per tonne of ore being about $210 which is a very reliable number for underground mining in the Lachlan fold belt
CGT Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
