OAU 0.00% 0.6¢ ora gold limited

I understand all of that Boppy. I'll still watch and wait...

  1. 13,737 Posts.
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    I understand all of that Boppy. I'll still watch and wait though.

    This is from a release that issued today by a company HC won't let me name, but one that OAU advertises in.
    Low-cost gold development

    Lydia was previously flagged as a potential source of ore for an open pit development at the Crown Prince deposit.
    In December last year, Ora Gold released a positive scoping study indicating that it could mine 177,472 tonnes of oxidised ore grading 4.1g/t to produce about 22,444oz of gold from Crown Prince.
    The mine would cost an estimated $4.7m to develop. All-in-sustaining costs (AISC) are estimated at a very low $1,006 per ounce, with Ora Gold expecting the project to generate $21.1m profit before tax at a gold price of $2,000/oz.
    Gold is currently selling above $2,600/oz.


    PS. This is another post on OAU by SM that is non-factual fake news, as accused by the bigoted and blinkered Grubarura
 
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