Less than 200 million are you sure...maybe review the information below and try a more educated guess. Have a good one Finny...looking forward to your real estimate of what Burnstone is worth.
Burnstone Mine Overview :
Location
:
Witwatersrand Basin, South Africa
Commodity
:
Gold
Ownership
:
100%
Property Area
:
134 sq miles / 347 sq km / 34,654 ha / 85,633 acres
Infrastructure
:
Close to a major paved highway; power from national grid (Eskom); two rail lines & water pipeline
Mine Neighbours
:
Harmony
Burnstone Project Key Information (Areas 1 & 2) :
Reserves
:
6.4M Au oz @ 4g/t Au cut-off (Proven & Probable)
Production Rate
:
5,000-6,000 Ore tons per day
Recovery
:
95% Au
Production
:
200,000 Au oz (Targeted Annual Average)
Life of Mine
:
26 years
Cash Cost
:
US$600/ Au oz (ZAR 8 exchange rate) LoM
