Well i dont know why everyone is going on about the prices used in their projections - we can do all do our own math when it comes to projections we think are more suitable.
The 2 major points i wanted to get out of it, and are EXTREMELY happy with:
Capital costs of around $85million which is to support a bigger operation then in the BFS, this will be a 100k oz per year operation atleast.
$617 cash cost per OZ EQUIVALENT - i capped that, cause that isnt just cash cost per au oz, as in the credits from silver and copper, this is just the costs of producing - that is massively low.
Ide say when including copper and silver credits, your looking at sub $500 cash costs per oz of gold produced - this is extremely low, and is the main thing i focus on.
As this project grows and looks to produce over 100k oz of gold a year, profits will go through the roof.
Extremely happy to see these sort of cash costs in the BFS. Even much lower then i thought they would be.
MYG Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held
