December 2017 Licencing and Funding Progress . Estimated figure. Before loans from Sprott were available, and things were looking a lot better.
"The estimated operating costs highlight a financially robust Project with an average LOM AISC of US$731/oz. The estimatedProject development costs are US$91M with a further US$7M in mining contractor establishment costs and pre-production miningcosts."
"At a gold price of US$1,250/oz, the Project generates a NPV(5%) of US$223M pre-tax and US$160M post-tax with an InternalRate of Return (IRR) of 48% pa pre-tax and 40% post-tax. The payback of the total capital funding requirement is expectedto be 26 months pre-tax and 30 months post-tax, from first gold pour. "
December 2017 Licencing and Funding Progress . Estimated figure....
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