Let's see if we have it right. All views, as usual are welcome but can we keep it to the facts.
1) GOR are to produce by mining the Imperial Shoot (19.2g/t au which is open at depth and outcrop), not all of CB (9.1g/t au) is being mined at this stage.
2) Imperial Shoot has an average grade of 19.2g/t au and a jorc resource of 164,800t for a contained 101,738oz au. Let's not forget there are zones in Imperial measured @ 1000g/t.
3) This equates to 101,738oz x $1600/oz= $162M+ gross.
4) To get 164,800t to Laverton would require approx. 20 trucks @ 40t payload for 206 days.
4) The study indicates transport and milling costs to be $8M/yr. Say another $10M/yr mining costs (I'm guessing).
5) So conceivably we're looking at $162+M revenue less $18M costs = $144M profit in the first year from Imperial Shoot component only.
Please feel free to debate and correct if need be.
imperial shoot
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