Hi Jantimot,
"But I think OPEX up there could be quite a bit more than in Oz. Just getting everything to and from the mine will be expensive. Then again, SBM thought it would work ok."
I would include these figures in the CAPEX not the OPEX but agree with you, Gold Ridge is gonna cost a bomb to re-commission after all the looting. But once all set to mine, I would expect OPEX would be considerably cheaper in the Solomons.......(IMO)
As far as SBM is concerned, Santa Barbara thought their business model would work. This is what broke the camels back in the end and blew the OPEX. Ryan and AVQ will bring a completely different business model to the table....that's if AVQ is asked to come to the table.
Still don't understand your $80/oz net profit for a 2-3mloz gold mine but hey.......will make a good course of discussion over a beers......ok .......my shout.
cheers m8
M
AVQ Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
