Ocampo is due to come on stream by late 2003. In Miningnews.net, BSG have said that are looking at an average head grade of 3.6 g/t Au equivalent with over 90% recovery. At the minimum 1.25 Mtpa (see agreement with Gammon Lake), this gives production of over 125,000 zz per year, with BSG taking 75,000 oz per year. Assuming a cash cost of say USD160 oz (BSG have stated project would be strongly cashflow postive at a gold price of USD210 oz equivalent), back of envelope cashflow to BSG is around AUD20 million per year. Current cashflow is in region of 12-15 million per year. Tasty! And then there's Roseby from mid 2004.
angus
I hold BSG
BSG
bolnisi gold nl