Next step is likely to be 200,000 ounces plus annually
Let’s assume my plant upgrade to 2 mtpa is correct
Let’s assume there would be 3 portals delivering 600,000 tpa plus each to plant
Let’s assume 90% recoveries and average grade over 4.3 g/t
Bingo … over 200,000 ounces pa and annual cashflow that could approximate $500 million pa, provided $A gold price steady or higher and those assumptions achieved.
Recent March 8 presentation hints that multiple choice of locations exist for the next decline development … and those Byrnecut boys are onsite with all the appropriate gear.
Exciting 9 months of news and development ahead I suspect
OBM Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
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