AND 4.55% $1.04 ansarada group limited

re: tastarga Goldbars read the reports yourself, I know I...

  1. 5,867 Posts.
    re: tastarga Goldbars read the reports yourself, I know I have.
    When you make a comparison with a mine that has a head grade of 9-10 grammes (in the case of the Anglo operation 270kms away), and it has an operating cost in the range you suggest, does it not seem plausible that a resource (not reserve) with a grade of only one third of that is going to have an opex closer to $400 an ounce?-ie sub-economic.
    Tell me which project financier will lend on this resource at this stage, when it has not even done a scoping study let alone a BFS. Macca's? The two it was involved with in Africa and Sweden were a lot further down the track.
    Cheers,TAS
 
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