DCN 0.00% 33.5¢ dacian gold limited

Sure NTM was chosen for the proximity to DCN plant. However it...

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    Sure NTM was chosen for the proximity to DCN plant. However it can't be discounted if exploration reveal more gold, then a standalone plant becomes viable.

    Lets assume that an extra 1.3Moz of gold is found (I am dreaming now!smile.png) along the Mertondale Shear zone making the total resources of 2Moz. The haulage of 1Moz (assuming all 50% of resources is convertible to reserves) will cost $250mil ($250/oz haulage) versus the cost $200mil (cost of DCN plant) of a new plant. The above simplistic comparison (not taking into account of lots of other costs and benefits) will make one think of doing a proper feasibility study between the two options.

    Given that there are going to be more exploration on the Mertondale shear zone which looks like quite a rich area (based on NTM report), then a standalone plant is a possibility. The key point here if there is sufficient gold in the NTM tenement, the dynamic of a cost efficient way to extract gold changes.
 
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