Thats obviously for the golden core ....... 10 years project. Note also there is also 2 mill ozs Palladium in that 6 mill ozs Golden core.
600,000 os pa Gold + 200,000 ozs pa Paladium for 10 years ......... 35 Kt p/d underground @ about open-cut costs ........ there was some mention od opex for this in the Galahd scoping study ...... and showed almoste over the line at USD 480 and USD 280 for Gold / Palladium.
BOTTOMLINE is that it is such a CHEAP title without time limit at AUD 5 / IGV oz for the golden core only.
The rest would need the inclusion of Vanadium / Titanium credits in any concentrates for better return and yeah it would be a LONG LONG TERM MINE. But thats the MEGACREAM in a precious metals BOOMWAVE which the gurus are predicting ahead ........ I mean, imagine Gold at 2000 and Platinum at 3000+ and Palladium at 500-600 like they are calling circa 2011 (?).
Thats the FREE call option after the golden core starter project !
Happy to envisage a AUD 5 / oz IGV for the starter project with x 10 upside for starters JUST to get it to some kinda equivalence rating to its junior "peers" ....... tho for such size resource, it seems "peerless" in the junior section and u h ave to start looking at HIGHER IGV ratings for the larger more likely future "peers" haha.
But u gotta crawl before u walk hey ?
Keen to see the SRK updated scoping study due by EOY.
When are those Polar Bear drill results due btw ?
IMBOOC
PGM Price at posting:
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