Ballarat resources - 1.5 million ounces @ 11.8 g/t [LGL:30th Oct...

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