thats gold 965, page-15

hey tadewi crunching numbers, from a mil oz say orp has 800,000 recoverable:



Say 10 year mine life X 80,000oz pa

Gold price of $900oz & say it costs $400oz to produce (only a guess unsure how much more or less)

80,000oz pa X US$500oz after costs = US$40mil profit pa (give or take if my calculations are wrong)

So Possibility PROFIT $40mil per year X 10year mine life = US$400mil take out 25% as ORP holds 75% that would be US$300mil

"This is not factoring in future upgrades, future gold price, just what they possibly have now."


We are in a very good position, scopying study should confirm this :)