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11,185 Posts.
2609
19/02/19
12:01
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Strange day for DCN today. Bots wanting the price lower.
Did anyone send the bots the memo about the gold price being at $1,862/oz.
Going back to the Nov 2016 feasibilty you have for Mt Morgans
UG
Beresford AISC = A$845/oz
Allanson AISC = A$819/oz
Combined = A$837/oz
Open Pits
Heffernans AISC =A$1,108/oz
DoubleJay AISC = A$1,241/oz
Ganymede AISC = A$1,485/oz (2021-2024)
Even misses on these numbers still produce big margins.
If they hit their targets on the UG we are talking margins of ~A$1,000/oz on the UG ores.
Is the market awake to the potential that's developed due to the rising gold price. I don't think so.
Eshmun
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