AUL 7.25% 32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-187

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  1. 16,136 Posts.
    lightbulb Created with Sketch. 53
    If you're talking about me, get your facts right, I wasn't using anything from anywhere

    in my example.

    Plain to see that you think that if they feed 4.5 gpt dirt through the plant,

    they will recover 4.5 gpt of gold, for every tonne of dirt,

    at some ridiculous price of $1,800 per oz.

    While I have your attention, have a rough stab at mining costs per qtr.

    Your "boots on the ground" costs is for AULs mill operators,

    but you're not addressing the cost of getting a mining contractor

    to drill, blast, cart and feed the ore.

    Even if we used the $700,000 development costs as mining costs,

    the amount of gold produced at 4.5 gpt does NOT cover the wages bill.
 
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