One of the more significant and high cost elements in any metal mining operation is the cost of power. In Australia the majority of power plants are stand-alone power generation sets. With the increasing cost of diesel, these gen sets produce power in the range of between 15 - 25 cents per kwh.
A little understood fact about the Siana gold project that will ensure that it remains SUBSTANTIALLY below mainsteam gold operating costs compared to its peers is its extremely low power costs.
Siana will be supplied through the national grid into an upgraded sub-station, at a guaranteed US 6 cents per kwh ie LESS than 50% of the cost of power for Australian miners!
Siana is a SUBSTANTIAL gold project with considerable cost benefits that will ensure its competitivity and longevity over the next 10 years AND BEYOND!!!
RED Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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