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Re: AKATITUS post# 1341

Wednesday, 06/04/2025 11:57:09 AM

Wednesday, June 04, 2025 11:57:09 AM

Post# of 12581
Keep in mind as you calculate that Google Search Labs says it costs $1,490 to extract an ounce of gold from Colosseum:

The Colosseum Gold Mine's scoping study suggests that the cost to extract an ounce of gold is around $1,490 using the all-in sustaining costs (AISC) metric, according to The Sydney Morning Herald. The study also indicates that the gold price assumption is $2,900 per ounce according to Stock Titan.

There is also a huge startup cost to get equipment in place.

I'm bullish and holding. Looking forward to more hard data from the June 2025 sampling/testing.
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