SBL,
I agree.
For me I want to see the results of the mining studies for the cash cost of extraction and then decide the best way forward. RMS spare capacity (for toll treating) isn't enough to get us into absolute full production, but the trade-off is obviously lower startup costs. I'm thinking they may have used a gold price of circa $1100-$1200 for the mining studies, which is why I'm thinking RMS may be looking favourably at AAG (as they have pegged costs at $800 an ounce). A term sheet for CAPEX shouldnt be too hard to arrange if the metrics stack up.
The lower the cost the more favourable the go-it-alone option.
JT
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SBL,I agree.For me I want to see the results of the mining...
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