God bless you beatle,
I knew you were online as soon as I saw the green thumbs go downwards. :-)
You are indeed a joy to behold and it's so wonderful having you as part of this forum. :-)
I take my facts from what the company tells me because I happen to believe they are in a far better position to know the facts than what you are.
If the future shows that they have put a beatle spin on it then so be it. :-)
So in the meantime please forgive me if I choose to believe them over you.
For the record Page 11 of the recent RIU presentations is as follows:
"Scoping Study (SRK, 2008) OutcomesIdeal Platform for ongoing DFS
Cash Cost base of US$440 per oz
Potential Cash margin US$40-50 min current gold climate
CAPEX of the order of US$75m
10 year Mine life with annual throughput of 1Mtpa
Two open cut pits with low stripping ratio of 3.8 to 1
Simple CIP/CIL metallurgy with estimated recoveries of 80%
Estimated production of 60-70,000 oz perannum
Conclusion: Technically and economically viable at US$800 per oz gold"
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