Thanks hpark.
You forgot to mention the most important piece of info that is gold price at 2019 which was under USD $1300 per oz.
When gold price was at that low level of USD $1300/oz, most gold projects would be sitting at break-even or loss if they were in production. Or at best $100-$200 profit margin after AISC which is scary when you sit on that thin profit margin because commodity prices move abruptly from time to time.
Today gold price is at USD $2300/oz. If one can turn back time to 2019 and gold was at $2300 price, BGL would be at MC of $700mil-$1bil easily, just on that 1.53mil oz MRE at the time alone because USD $2300 price would change the economics of those projects from USD $100-$200 profit margin to USD $1100-$1200 or massive 500% to 1000% increase in profit margin.
Thanks hpark.You forgot to mention the most important piece of...
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