scoping study, page-28

Two main options are being examined:

i)A processing plant at Archangel, processing the Archangel (Kay Tanda)“stock work” resource and transporting the high grade South West Breccia resource to the central processing plant.Targeting average production of 30,000 oz per annum for >5 years.

ii)Asmaller, lower capital cost,processing plant at Lobo, initially processing South West Breccia high grade resources only then processing potential additional resources discovered through the new, planned,drilling campaign. Targeting production of 15,000oz per annum for >5 years.


Correct me if i am wrong but ounce price of gold is usd1262.5, lets says cost of production is $650, the yearly income would be (45000*(1262.5-650))= 27.5M usd.