To run Siana at peak efficiency a secondary source of ore is...

To run Siana at peak efficiency a secondary source of ore is required. Mapawa has been nominated a such a source. Not only do we have to factor in the cost of recommissioning Siana and completing the residual projects to get the UG functioning, we also have to develop Mapawa, and associated infrastructure, as a source of secondary ore. How much will this cost? Not sure, but I’ll stand by my estimate that to get Siana fully functioning to its 1 mil tonnes per annum name plate specs that you won’t get much change out of A$100 mil.
Originally I was sceptical about the economics of trucking 1g/tonne ore 40 km to Siana. However a US$1,700 per oz gold price has quelled my scepticism of late.
Siana is more than pressing the on switch. This is a project for a cashed up mid tier gold miner, similar to where Red will find itself in two years,