Back in 2006, they were saying the following...
A gold price of US$550 per ounce and an exchange rate of A$1 = US$0.77, the Simberi mine's economic profile is:
- Life of mine - 7.8 years
- Annual gold production - 75,000 oz
- Estimated operating cash cost - US$256 per oz
And,
- Bekou is an area that we are particular interested in. The prospect which was drilled during the 1990's, has an Inferred Resource of 60,000 tonnes at 4 g/t. The mineralisation is open in all directions and only 20 reverse circulation and 3 diamond holes have been drilled. The location of Bekou Creek is adjacent to Samat and therefore the same haul road can be used to transport ore to the proposed treatment facility on the coast."
what they were saying then...
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