RE: Gold price irrelevant7 Apr 2025 14:37
Very Relevant imo …Projections Based On $2790 …Spot Gold Price …
A further bulk testing campaign will be conducted to ensure the validity of the Company's financial modelling of the Blue Mountain Project prior to moving to production. By way of illustration, the ECR team believes that the Blue Mountain Project is capable of having an indicative revenue potential of approximately A$470,000 (US$295,000) per month. This potential revenue illustration uses an average grade of 0.6 grammes per bank cubic metre and Gekko's projected recovery rate, with a wash plant with a 25 tonne per hour capacity, to provide prospective output per month of over 3,000 grammes (over 100 ounces) per month, using a gold price of US$2,790 per ounce. This could potentially be increased by operating dual wash plants.