Punting the feasibility study will be released before then.
Latest research says they will need $20m to get Phillips River producing at 55,000oz pa by XMAS 2006 with a mine life of least 10years. All the major capital items have been secured already: a saving of $20m on new equipment at todays prices.
Gold production will be 60-80,000oz pa (incl 50% Burnakura mine) and copper concentrates of 1000 tpa which should realise cash operating margins of $15m pa
Looking cheap again
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