TGM 0.00% 18.0¢ theta gold mines limited

Hey mate my understanding is its just getting enough shallow...

  1. 2,454 Posts.
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    Hey mate

    my understanding is its just getting enough shallow ,open cut , close to mill ounces for a decent ROI to get the finance for the mill refurb

    then get the UG done with all the cashflow from that... to get to 100 koz / year

    [ generally MC of miners is around 250mil MC at 100 koz / year or approx 8 times current MC ]

    5+ Moz is a ridiculous amount already....

    once we are back into production again im sure it will be obvious to scale more the 100 koz a year once the mega $ starts coming in... no use waiting 50 years to go thru it all... 5 times that at 500koz a year down the track seems like a much better long term goal
 
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