AUL 7.25% 32.0¢ austar gold limited

Ann: Production update - gold sales commence, page-15

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  1. 2,335 Posts.
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    Its these coments that drive me to coment. where does the company state that 3 grams will be profitable. Do some back of the envolope calcs on 3 grams on a 12 hour day 7 day a week operation .( 21 people in the photo at an average of 1500 a week wage which i consider bloody consevative ) I come up about 300 000 thousand short for the month just on the wages bill .. thats not allowing for power exploration and developement , repairs , mill downtime, oc health and saftey or training. Food for thought for those that want to do a bit of reserch . Running a mine aint cheap.
 
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Currently unlisted public company.

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