MbeardAs ever depends on a host of things .How deep,how hard,...

Mbeard
As ever depends on a host of things .How deep,how hard, what grade,how close to infrastructure etc.In short how much is it going to cost to mine and what are establishment costs of infrastructure etc.

Always a bit easier when there is already something running because you can use those figures and insert capex seperately for a DCF.
The current gold price obviously alters the NPV and future gold price is guessed and dependent on whether I have a hangover etc

Give it a premium if there is something running because they are less likely to put it in the "too hard "basket and sell it and it is easier to add on.

I am also prepared to give gold stocks a small premium because I believe they are insurance against global insecurity etc.

Correction previous post.
For cost of refurbishment cash on hand I put *
This was supposed to be 8 mill cash on hand