Another way to pay for the mine, or a good part of it -
apply to do a 10,000 tonne bulk sample, @2g/tonne would produce 645 ounces gold, @ AUD2660 & rising, would bring in AUD 1.7m, obviously less costs to transport to & pay mine to process. Even if it cost 700,000 to transport & process, it would still leave a million to build the mine.
The rising gold price is changing the whole dynamics - US debt clock now gives USD 18,045 (yes, that is per ounce) (see my post just 2 weeks ago - it was USD 16,160) ie. the dollar’s lost 2,000 to gold in 2 weeks because they’re printing so much money. So we know the price is going to rise drastically.
Still on Track !, page-31
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