Just starting a General Chat thread we can come back to, rather than hopping from one Ann to the next.
I'll start it off with the Steam Engine Scoping Study.
Obviously the Capex will have jumped, and AISC too, but the break even was A$1709/oz and base case for it being really worthwhile was A$2200. Well over 50% up from those numbers at current A$3450/oz, and over double the old break even. Let's say the break even went up 50% to A$2563. That would still give an A$850+ net margin per oz of gold.
Obviously back of the envelope stuff, but the 79,000 oz produced and sold would likely go up with the increased gold price, so lets say 85,000oz x that hypothetical $850, and you come up with over A$70M. That would fund quite a bit of drilling at our other projects.
Would love to hear about an update to this Peter!
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