RE: RE: RE: AGM LT - it requires a much lower staff level to shrink stope mine. Matt Conklin stated at the Oct 2012 AGM that the peak level number of contract workers on site at Roy Lloyd was 78. The Oct 2011 AGM stated the number of contractors at Roy Lloyd at 52. The number of contract workers at Roy Lloyd has been reduced to 48 as stated in the 2012 AGM.
IMO, the monkeys (procon) were left to guard the bananas (Roy Lloyd). That has changed.
Say what you will. Financially speaking the difference from 78 workers to 48 is ~$450,000 / month difference in wages alone not to mention camp facilities, food, transportation, etc. On wages alone, on 8,000 oz that's $170/ oz
Even if we go with Golden Band's originally budgeted 52 workers, it still means a $75,000 / month savings in wages. In this case, it means $30/oz. At this point I will take any reduction in cost / oz