I disagree with one point. That is as far as i'm aware GTS is viable on its own and with maybe a year or 2 of supply from 727 to feed also.Thats on a very conservative estimate for 727. Some of 727 butts up against Navs holding so something may happen with them too at some stage or we might purchase part of their land/royalty eg.
I think you might mean economical not viable.
Lets say a small/med 2nd hand plant for $20-$30m inc set up. I'm not sure so im just using a figure. Could be higher or lower.
Working on GTS alone lets say 20,000 ounces p.a. produced over 4 yrs. That would turn over $32m p.a. at a Gold price of $1600 (being conservative again).
Just a very rough calculation for GTS on its own. Add Kelly and 727 which is very shallow and turn over could be over 2.5 times this easily. I believe with Kelly and GTS we can and will have a 40,000 to 50,000oz p/a mine set up over 5/6 years atleast. May be lower to start then build to this level.
All my figures are here as an example so lower,rise,mix n match to come up with your own scenario. Kelly will dwarf GTS until we go deeper there. A couple of hundred thousand ounces jorcd at only part of Kelly and it will be on for sure.
My ops.
Scorp
PRE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
