SXG 1.99% $2.96 southern cross gold ltd

Be interesting to see if they have done any cyanide bottle roll...

  1. 23,765 Posts.
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    Be interesting to see if they have done any cyanide bottle roll tests on the ore to see the recoveriies guessing recovery of around 70%
    So 70,000 ounce recovered.
    Can be low CAPEX if its heap leachable, guessing around $1.5M to develop for a 30,000 ounce per annum project.

    Probably people arent to keen on investing due to probable cap raisings needed even though they have around $2M in the bank.

    Also type of deposit doesnt grab headlines

    Tend to agree they will probably make money heap leaching then get to big and go broke like Perseverance sort of did after it was heap leaching profitably then went UG
 
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