Don't you think at $16M it's hardly worth the risk of mining it. That's with hardly any capital spend (as I read it). My assumption is that toll treatment is expensive ($30-40+/t)so you need grade to cover that and trucking costs. PGO don't have that grade.
All you need is for one of the pits to underdeliver on grade or ore tonnage and bam, there goes your profit.
I think It's a bit of a distraction from their northern project.
Don't you think at $16M it's hardly worth the risk of mining it....
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
