RE:RE:NEWS June23rd- PROVISION of EFFICIENT ENERGY for Project ++ At $1750 gold and at only an average of 1 gram per ton head grade over life of mine, this larger plant spins out an incredible after-tax NPV of $600 million Canadian, and that's with a life of mine processing only 750,000 ounces, and they have told us outright they plan on mining 1MM ounces minimum, so the NPV goes up from there (and AISC goes down) and you can do the rest of the math.....
This management team are expert minebuilders in Africa and are thingking big in an environment where the POG is highly accommodative. Unlike the previous "bootstrapers", who had never built a plant before, let alone one in Africa, and were proposing a small Gekko gravity plant that was going to leave a whole lot of valuable gold in the ground.