ghost,
The current 2014 JORC states 322,500T @ 5.14g/t. At today's Gold price of US$38 per gram, that equates to potential total gold sales of $84mil AUD. I can see why TMX are drilling to see if they can further expand the resource and increase the mine life to make this economic. If TMX can mine say 20,000 oz per year, the current mine life would be about 3yrs based on 2004 JORC, and about $30-32mil per annum in sales (say $1,600AUD/g). Is there any information on what the economic cost to mine would be for Great Western?
GolfR
ghost, The current 2014 JORC states 322,500T @ 5.14g/t. At...
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