RE: LC will rinse you dry29 Apr 2020 07:12
So in summary, because I have had messages on twitter about this :
1. This project is to process tailings. There is no mining involved
2. Grades do not matter. They matter if you are digging out of the ground because that is the majority of the cost
3. At today’s gold price they will clear over $1000 per oz net profit
4. The studies were done at $1300 gold.
5. Ramp up will go from 250k tonnes per month, then 500k, then they think 1mill tonnes is possible
6. 1 million tonnes per month gives NET PROFIT £30 million per year to KAT
7. Stockpiled tailings contain over $2.2 billion of gold- or $1.1 billion ish to KAT
So there you go. No mining risk. Cheap processing. Highly profitable. And the formation of JV according to RNS is tomorrow. Boom
Everyone get it now?