GREY:AVGCF - Post by User
Post by
heckler73on Jan 17, 2010 11:38pm
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Post# 16689261
Vancouver Conf UPDATE
Vancouver Conf UPDATEI spoke to the semi-apathetic person at the booth today and asked a few questions about what's going on...
They'll need to FIND a 2nd mill (for about $26Million) BEFORE THEY CAN RAMP UP PRODUCTION TO 100k+ Oz/yr
The mill they currently have is made by Thyssen-Krupp and they are trying to find a similar model (so they can save costs on parts)...
Used or New it'll be about the same cost...
the labour to set it up will probably be provided by the Ghana mining industry (he was saying that they have some of the best crews in Africa for this kind of work), which is good since it will be CHEAPER than getting off-continent labour to come in and set it up for them...
However, they are not expecting to find one until the summer (at least)
ALSO, to prevent any hiccups like they had in Autumn (the road was washed out by the heaviest rains in 8 years which drove up their COSTS/Oz to $700+) they will be stocking up on FUEL come this autumn so you can expect their cost per Oz to be steady (around $500/Oz now, I believe)
so keep that in mind