The quantity of ore is being assessed this week but according. to Simon at the company only 1/10 of stockpiled ore was processed at the time the mine was shuttered in 2001. It wasn't as if they closed down after using the stockpile. That's the evidence for my claim but we should know soon enough. The production estimate so far is up to 20,000 oz au ver the next 18 months but again we will soon have an accurate figure, Other data should also be available very soon including an up to date AISC on the early production so likely near term income will be known. I wouldn't expect a finance ann this year, the company is not ruching into a deal and they are cashed up after the recent CR.
Meanwhile the POG is around USD 1,800 oz au and Goldman Sacks are tipping $2,000 this year.
THE 4 MILLION OUNCE BET, page-7657
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