No way, I repeated someone else's guess of up to 100,000oz's and postulated IF that was the case it would fund the plant. I still believe that there will be 100,000oz's found there in due course,, however, I believe my initial guess was around 20-30,000 oz's as realistic. Can't locate the post but others may take the time?
I'm told mining Mace should be around $300/oz, so it will be extremely profitable. At a GP of AU$1700/oz, you work it out!
20,000= $28m easy to mine next year.
50,000= $70m " " " "
100,000= $140m " " " "
Brilliant !
EXU Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held