LouL, very impressive progress. If they continue this 3t/hr production rate for a full year with this quality ore that is of course about A$8million+ out of a plant that I gather cost peanuts.
They are in the process of ramping up to 5 tonnes/hr so let's assume they can dig out enough ore of the same quality to work at a steady rate of 5 tonnes/hr. Keeping just to an 8 hour day and using your same 50 weeks/year and a gold price say of A$1,000 that's then $14million revenue a year, hey presto, enough for a micky mouse new plant.
Great by any standard even without looking at the possibility of working double shifts. Accessing enough good ore seems to be their main challenge now.
Does anyone know a rough cost figure for the existing processing plant?
regards, EB
plant up and running, page-3
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