Thanks for your post. You are correct in stating that Spectrum did not complete a PFS and with an MRE as follows it wasn't needed.
355,000 oz Au @ 13.8 g/t.
Penny is of course an underground mine and it has an AISC of A$633/oz – inflated to A$749/oz current. That is world class profitability and its UG.
UG mines in trouble not underground?
It all depends, but starting with the grade Rox has the grade, 2.19m oz au @ 6,89g/t.
All the Gold projects that have been taken over or acquired on the ASX recently are all open pit projects. CDV, AOP, OKU?
Yes because there are no high grade gold projects that are available at the right resource EV value for TO with the exception of Youanmi.
Let's discuss again when we see the Scoping study.
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