Mine czpex budget Here is current data for an oen pit 100,000 oz/yr mi ne in Ontario . This is frome the july 30/12 issue of the Northern Miner. It seems to me that costs for the study would only be be a fraction of the engineering costs of the total project costsengineering-procurement and construction costs.
The big shareholders won't let this slip away for the sake of 1 -2 million, imho.
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https://www.northernminer.com/news/aquiline-grads-look-for-treasure-in-ontario/1001575552/
Walter estimates that capex for the preliminary economic study will be in the $80-million to $100-million range, which could get the company a standard gravity and carbon-in-leach (CIL) plant turning out nearly 100,000 oz. gold per year. Ore could be taken from an open pit in the first five to six years, and after that, mining could move underground.
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