RE:$6 million US to expand gold mill to 660.000 tonsOther than acquiring used equipment , this is much cheaper than I expected.
$6 million US adds 1000 tpd milling capacity which is about 330,000 tons per year , elevating the Burnie mill to 600,000 tons per year which gets us to 50,000 ounces per year .
In effect, adding another Selingsing mine to our production profile .
Actually much more, as with Turnie already over 400,000 ounces and Burnie over 350,000 ounces with barely explored Gabbie as the wild card , we can have a long term Murchison LOM of 50,000 in excess of 15 years.....much much longer than Selinsing .
As high grading during the first 3-4 years is now common for most recent FS, early year production of 75,000 ounces would be achievable .
Its now becoming very obvious why Murchison is the new cornerstone of Monument
C can correct me, but ODY would have to pay 80% of the capex ?