Hi Frantic,
Not sure wether this interestes you or not. Just rang a old school mate who is a Geo at a gold mine and his father was a Geo also at numerous gold mines for 40 years with a number of those as head Geo. Their thoughts are that 1.7gt for 1.2m ounces should be a money making venture open cut.
Depending on how the rock stands up in the pit which will affect over burden ratios, how hard it is to get out, how fine the gold in the ore actually is etc.
But the bottom line is that in their view without looking too deep into it is that 1.7gt for 1.2m ounces open cut should hold it's head above water and depending on conditions from there how much more profit there is.
this is just a comment so don't go buying or selling on this info.
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Hi Frantic,Not sure wether this interestes you or not. Just rang...
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Price($) | Vol. | No. |
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