Ann: New Gold Geochemical Anomalies Identified at Seaborg, page-12

no need to be patronising and I think you miss my point - which is I think ALY can't go it as a gold producer on their own. you make that point in (d) and I agree that's an option. they need a lot more gold to make it profitable. I know the deal with IGO; they are a gold producer primarily and I was using them as an example of what ALY will need to do IMO on the gold side.

feasibilities do not equal actually producing as I'm sure you know but overlooked to mention - I'm talking about actual production costs at start up.

has RNI got finance? is their plant restarted? I think not. If they get that going and start producing under $1000 an ounce come back and let me know and I'll re-think my position. and if you actually do your research properly you would see that the figure of $990 per ounce is weighted average cost over the life on the mine not at commencement. since 2012 RNI's own estimates (yes just an estimate) have risen from ~800 to ~ $1000. And interestingly they revised those cash cost down from $1180 per ounce (or just over USD$1000 per ounce). very rubbery figures.

So cash costs rising; gold price falling. Sounds exactly what I said is a major issue for potential new gold mines and why financing is hard to get.

and yes the AUD has been going to 85 for every year of the last 5 years according to most economists and the RBA. I'm still waiting.