so, the feasibility study IS NOT feasible as they don't have enough resource yet!
Quote from the ann:
"The Study shows Catherwood delivers $15.65M in free cash flow, assuming a gold price of A$1,500/ounce, from the treatment of 314,000t of ore at 2.7g/t Au for 27,000 oz mined for 25,300 ounces recovered generating a total cash cost of $881 per recovered ounce including all royalties, capital and operating costs."
Furthermore the above is confusing.
what is the capex, royalties and opex out of ("generating a total cash cost of $881 per recovered ounce including all royalties, capital and operating costs.")$881 per ounce?
....
It seems from Jon Price reply, the only option is toll treatment atm - so if they put out feasibility study for toll treatment option it would make more sense, I feel.
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- feasibility is out... and it is great
so, the feasibility study IS NOT feasible as they don't have...
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