resourse stock magazine report on carrick

Carrick CEO John McKinstry says the gold reserve for Carrick will be approximately 500,000 oz initially. If toll treating this reserve is the best method of production, then it would follow that if for example, the cost of production was a very conservative $1200 per ounce and the gold price was $1600 per ounce and profit was shared on a 50/50 basis then Carrick's share would be $100,000,000 before tax.

Ore mined would be 7.5 million tonnes at 2 grams per tonne. The Paddington Mill's output is $3.2 million tonnes per annum approx and the Kanowna Bell plant and Saracen's plant could also process ore.


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