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2.7¢ goldoz limited

Compared to almost any other process must be very cheap? No...

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Juno

3,881 Posts.

12/05/17

22:31

Post #: 24663564
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Originally posted by Davisite ↑

The exploration is the mining. People forget that the MUS is still exploring - the mining is just part of the process. GEM have only just started mining.

My feeling is they are going to have problems holding down the exploration costs if they want to get the maximum volume through the plant. The more material can be fed through the plant the more they have to spend keeping it fed. They now have a deadline to get to 200,000 cts by September as they need to leave time to export and grade.

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Compared to almost any other process must be very cheap?

No reagents, low power, water sourced nearby - my understanding is they are not crushing or milling which is very capital and energy expensive, and no flotation or leaching so compared to gold, nickel, iron ore etc etc processing costs are very low.

MUS Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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