BSG bolnisi gold nl

Bolnisi Gold - Au production to increase 150%

  1. 2,218 Posts.
    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
 
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