gold production at $90 an ounce ..., page-25

So we have two capital cost estimates - one in March 2007 at US$45m, the other in May 2008 at US$86. A huge difference.

USUALLY, you would expect the latter study to be more accurate. But a lot has changed in the world since May 2008.

The question is, what estimate best approximates the economic conditions in the mining industry NOW? The March 2007 figure, or the May 2008?

My bet is the current figure is somewhere in the middle, but close to the earlier study.

And TRY already owns the plant.