The grade is not high compared to other deposits, that is why he is saying it also lends itself to bulk mining. The economy of scale will make it a very low cost mine, some years back at an agm they ran through the figures and it was about 20c lb after by product credits.
Cadia Ridgeway is a case in point, low grade gold at 0.7 grams per ton yet has at times had a negative cash cost after by product credits due to bulk mining. Mungana is also in the same style as Ridgeway, not quite as good cash cost wise but still low at $300 an ounce.
The info in the previous post by investoridol has been available for a few years if anyone could be bothered trawling through the announcements of years gone by
KZL Price at posting:
90.5¢ Sentiment: LT Buy Disclosure: Held
