And here it is even quicker than i thought
Resource Estimate currently totals 12.4Mt at 2.97g/t Au for 1,190,600 ounces of gold
to be updated from the results from the latest drilling program
POG is around AU$2,200/0z
This is low to medium grade gold, lots of rock to extract the gold from.
Estimate of all-in costs: $1200/oz
Profit around $1000/oz 1,190.600+++ @ $1,000 = wow!
Some risk if POG goes down over the life of the mine
Strong suggestion that the jorc will increase with new results
$30m to refurbish the mine is peanuts compared with the numbers above
Venus/Spectrum at PW have much higher grade gold and will need to use our mill.
IMO we have the economic basis for a viable mine.
I am now BUY
Ann: Quarterly Report - September 2019, page-2
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| Last trade - 15.53pm 03/05/2024 (20 minute delay) ? |
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Change
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