What a time to add a asset of this type to the book hopefully this month:
The PEA showed an all-in sustaining cash cost of $769/oz from a 500 000-tonne-a-year plant, an $82.4-million post-tax cumulative net cash flow over the life of the mine at a gold price of $1 250/oz and payback of three years from first ore, with the $14.8-million underground development, starting in year four, funded from cash flows. Net present value was expected to be $50.3-million, while the internal rate of return was tagged at 57.5%. The PEA was based on the measured and indicated mineral resource estimates of 9.5-million tonnes at 3 g/t for a contained 923 000 oz of gold at a cutoff grade of 1 g/t of gold.
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