Report Part 2 - Development Scenerios
a). 800,000 tons avg .25 oz/ton
gold production of 36,800 oz at $350us = $17,880,000
less costs -$12,780,000
Pre-tax cash flow = $5,100,000
b). current drilling will produce deep intersections, 6 million tons, yielding 1.5 million ozs, a mine and mill capital program for 1,000 tons/day for up to 15 years would be possible next stage. Potential capital budget; Shaft extension to 4450' - $10,000,000
Working, loading facilities - $6,500,000
Equipment, plant expansion - $3,000,000
Purchase/relocation of mill - $25,000,000
Total = $44,500,000
Part 3 to come, His plan. |
