Was just looking at the ore reserves again: 51M tonnes at 0.77 g/t for a total (proven and probable) of just over 1M ounces. The assumptions are interesting: grade cut off of 0.35 g/t, recovery of 83.7%, and POG US1700/oz.
Presumably the ore reserves should be much more at current POG? Economic production at current POG would make even lower grade ore viable presumably.
The current MRE is about 3.1Moz of Au with a grade cut off of 0.3 g/t. It definitely doesn’t include A top cut. Next MRE could be a monster in the making. Even excluding near mine exploration, there could be 25-30 years of mining already to go….(as Oldfolk suggested previously).
Even with only 1M oz of ore reserves, the gold in the ground is currently only valued at AUS325/Oz based on MC and SOI.
Was just looking at the ore reserves again: 51M tonnes at 0.77...
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$1.25 |
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-0.030(2.35%) |
Mkt cap ! $320.9M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.24 | $2.901M | 2.319M |
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| $1.26 | 469 | 1 |
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| KCN (ASX) Chart |