Assuming same head grade we are talking about at least 260koz in year 1. At US$650 margins (assume $1,200/oz) that is EBITDA of ~$169m.
If we expect even say a 70/30 debt to equity ratio thats close to a 1 year payback. The economics of this project are amazing.
If we can add another 2 years at this sort of output from the 1,000m hole that is a lot of $$. I can't help but see good money here for the patient.
Assuming same head grade we are talking about at least 260koz in...
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