Ann: LGL enters Ballarat sale agreement , page-13

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  1. 1,860 Posts.
    Ballarat resources - 1.5 million ounces @ 11.8 g/t [LGL:30th Oct 2007]

    LGL's recent write-off was about about A$450 million but the Ballarat asset on Dec 2008 was valued at approx A$550 million prior to being downgraded in value

    Apparently Lihir paid $350 million for Ballarat, which suggests that the capex and development expenditure for Ballarat was about $200 million
 
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