liongold - who are they?, page-6

I thought I'd also highlight this bit from the media release in September. Again just pondering, but they are looking at modular gold plants. Also pre SBL were targeting 1,000 ounces per month. My calcs on SBL were around 2,000 ounces per month once the plant is fully operational. So just for fun... assumume that they could get production from both sites to 3,000 ounces per month thats $5.4m revenue per month or $65m/a. What we don't know is production costs??

Any way here's the extract..

Rapid Deployment Process To Be Made Replicable

This commissioning of a production unit capable of producing >1000oz (US$1.9million revenue at current gold prices) per month within 8 weeks of making the decision to progress the project, highlights the speed that LionGold is able to operate at in this sector. LionGold is rapidly
assembling a team of geologists and engineers and that are able to evaluate deposits and construct operating plants at a high level of efficiency. The Group’s strategy involves making this rapid deployment process (evaluation, identification, plant construction and commissioning)
replicable and efficient to ensure constant growth in production over the coming months.
Beyond Kashmir, Ghana, the Group had ordered for a number of modular gold recovery plants intended for its tenements in Ghana and Mali. The Group anticipates to being able to
commission these plants into production in the coming months. The Group reiterates its near term target of producing 3,000 oz of gold by March 2012 and intends to accelerate more of its current tenements into production.
For media enquiries, please contact
Mr Roger Poh
Director of Corporate Communications
Mobile : 94552690
Email : [email protected]
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