AAD I never went into the nitty gritty of 'potential' profit. Just to show the minium size of the project. Obviously there's a mine to build, other infrastructure and costs.
It would be for those with starry eyes to look at an operation when gold is $5k/oz. For me I just want them to start digging.
Also I gather there are many mining operations in remote areas that are finding costs soaring due to the obvious labour shortages, supply shortages and their increasing costs.
Their bottom lines are being affected...quite badly in some marginal operations.
This is the beauty of a mine so close to the east coast. Material, supplies and labour are in plentiful supply.
CRC Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
