Havieron Potential7 Jun 2019 12:56
OK guys – it might be considered ramping but just doing a few sums during a quiet period at work.
At the moment Telfer is processing ore @ 0.75g/t at an AISC of $1,278
If (and I know it’s a big IF) Havieron were to supply ore @ 2g/t this would bring the AISC down considerably.
If they were to produce say 500,000oz of gold @ say a new AISC of $1,000 (it could be even lower than that) and working on a gold price of $1200 then this would generate a profit of $100,000,000
GGP’s cut would be 25% of this or $25,000,000 – this is for one year – if there is 5 or 10 million oz. down there then this will carry on generating cash for little or no outlay for the foreseeable future.
I know it’s all pie in the sky at the moment but it shows the possibilities here for anyone prepared to stay the course.
GLA - Paddy