Here is some interesting information on a potential buyer of FFGO gold properties.
May 19, 2010 Bonanza is working to re-activate mining at the preproduction-stage Copperstone gold property in Arizona. Bonanza has 118.2 million shares outstanding, and has no debt. http://www.americanbonanza.com/i/pdf/2010-05-19_NR.pdf
The Copperstone Gold Mine is estimated to produce on average 46,000 ounces of gold annually for the first 3 years, and have a capital investment payback period of only 13 months. The 2010 feasibility study details a total capital cost of US$17.7 million, including working capital, G&A startup, reclamation bonding, and contingencies. The feasibility study estimates the cash production cost to be US$415 per ounce of gold produced.
American Bonanza Acquires Mill for the Copperstone Gold Mine May 19, 2010 - American Bonanza Gold Corp. (TSX: BZA) ("Bonanza") is pleased to report the purchase of a milling and flotation circuit for the 100% owned Copperstone Mine in Arizona. Bonanza has acquired an option to purchase this 700 ton per day milling and flotation/gravity plant, including a pre-engineered mill building, for a purchase price of US$650,000.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.