PGO 7.14% 9.0¢ pacgold limited

Ann: Primary Updates Rustlers Roost Resource -PGO.AX, page-11

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  1. 1,392 Posts.
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    Gee Patrick is doing really well.

    Tom's Gully is small $1000/oz 3 yr operation, getting quite deep. 60koz/yr?

    Rustlers Roost looks interesting - I mean you'll get size here but I don't think that small mill of their will do it, or are they plant to heap leach it again. Recoveries from the prospectus mention 65% from the sulphides ... if RIL can get 90-94% that's a lot more gold.

    I tried finding some notes to the mining inventory in that $1,600 shell from the study done in 2012. A cross section below looks like a the shell take a lot of the resource so it does look economic despite the low grade (low strip helps).

    Capture.JPG

    Thanks for bringing this to my attention, I still like CRB for their low AISC but gee I wish they would get bigger quicker!
 
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