give me confidence, page-49

Yes, this is my understanding, with 2 oz or more a real possibility. but to hit that with the first hold down there? Phew. This area was bonanza country in the gold rush, not just a tucker field.
One bugbear with gold miners just now is the escalation in costs that has hit the while industry. While some minerals have quadrupled, and more, the price of gold has not gone up as mucgh as many. The inputs are bid up, particularly fuel and skilled labour, by other types of miners.
Some defensive aspects here are- as a miner- would you like to work somewhwere like here near Bathurst and Mudgee etc ot out in remote WA?
Infrastructure, such as electric power, water supply, housing, transport links, is close. The resources are good at shallow depths. The quartz is relatively simple to crush to extract the gold- not like ironstone etc., and in such country areas there is a good supply of locals who are willing workers and not unintelligent.
Once rolling the production cost per oz may be in the low end of the range. The profit is the gap between revenue and cost so the cost of the extraction is as relevant as the gold price. This area has rare advantages most do not have. What think you?