it seems obvious why LG wants to acquire the Ballarat mineLihir...

it seems obvious why LG wants to acquire the Ballarat mine

Lihir produced a JORC document saying 1.5 million ounces (at about 9 g/t) for Ballarat, the processing plant is capable of 600,000 tpa probably at average grade about 8 g/t leads to possible production of 150,000 ounces p.a. at cash costs about $800 per ounce, currently producing probably about 25,000 ounces annualised (maybe 2000 to 3000 ounces per month) and cash flow positive, ramping up to 50,000 ounces annualised in the September quarter