RE:Murchsion profitability study 3 gram head grade gets you about 20,000 ounces perhaps as high as 25.000 ounces at 260,000 tons.
As a start to resuming productin , that would be quite sustainable , sufficient to test the mill and ascertain all in costs.
Use free cash flows to boost capacity to 500.000 tons and hence about 50,000 ounces per year for a LOM of about 10 years .
Thats equivalent to another Selinsing mine and should double our fair value
Dato is risk averse , so he will dip his toe in first.
Unless, a suitor arrives to buy the ODY JV and then we are into a very different ball game ..