From memory, as a result of better than expected metallurgy (review ASX releases THIS year) power, consumables and capex costs are all significantly lower than the initial numbers suggested....
First couple of years operating costs are US268 in Yr 1 (allowiong a rapid payBACK) AND 355 LIFE OF MINE. All using a 750/oz price for pit optimisation and 850 for the revewnue numbers.....
They've just raised AUD8.5m and will get another $2.5m odd (?) by the end of March from the exercise of listed options.
The losses - neither herer nor there, that is the norm for any exploration company? And these guys don't talk the talk much, they just DRILL. And then drill some more....
another nice move, page-4
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