RE:AISC + IRR complete B.S industry wideEldorado paid $16 million in its original investment in Integra and $129 million in cash and shares valued at around $300 million at the time the deal closed. So they paid around $450 million. That's for 5 million ounces known and probably several more millions of ounces under the old Sigma and Lamaque mines but 5 million ounces for sure. All premits are in place and the mill needs $12 million to start up at 2,200 tpd. They have an incline into an area with over 2 million ounces of 9 gpt ore. The incline can handle up to 2,000 tpd if they push it and production can start by the end of year if Eldorado so desires. So they bought 5 million ounces with blue sky of another 5 million ounces for $450 million. Add in the $179 million to start up both Triangle and the other deposits and you're up to $629 million. At 5 million ounces, Eldorado paid $126 an ounce for all costs up to the day they start full production. Cash costs is projected at $550 an ounce so adding in everything its say $700 an ounce. So they're only going to make a pretax profit of $5 billion with gold at $1,700 an ounce. If there's 10 million ounces then it will be a pre-tax profit of only $9 billion given that it will be more expensive to get the gold between 1,100 and 3,000 meters deep for the old mines. Yep, I can see why this is a terrible deal for Eldorado.