anybody have a LT view on this gold miner in china?
from announcement 26 FEB 2009-:
PRE-FEASIBILITY STUDY FOR GOLD MOUNTAIN PROJECT • Open pit optimisation results include 42 million tonnes of ore processed capturing 1.032Moz of resources and 585,120oz of recovered gold. • Low estimated total Capex of $US41 million for heap leach operation. • Low Strip ratio of 1.5 to 1 (waste to ore). • Production rate of 5Mtpa for an average annual production of 65,000 ounces. • Estimated initial mine life of 9 years. • Estimated cash operating cost of US$514 per ounce. • Project pre-tax NPV of US$48 million at 8% discount rate and pre-tax IRR of 25%.
