Here's the link you need to read. There's a lot to digest, but here's a key paragraph:
".......the results of the PA are highly encouraging and Rusoro remains committed to bringing the project to feasibility by Q2, 2010. The Study shows that over the first three years of production, an expanded Choco 10 Milling Complex will average 545,500 oz Au/yr from 7,300,000 t/yr treated at an average head grade of 2.58 g/t Au, with cash costs averaging $US 331/oz over the life-of-mine (LOM)."
And that by spending a touch over U$200m in capex...read and weep, Rick! Alphabet.
Hope you got some under 50c. I own.
".......the results of the PA are highly encouraging and Rusoro remains committed to bringing the project to feasibility by Q2, 2010. The Study shows that over the first three years of production, an expanded Choco 10 Milling Complex will average 545,500 oz Au/yr from 7,300,000 t/yr treated at an average head grade of 2.58 g/t Au, with cash costs averaging $US 331/oz over the life-of-mine (LOM)."
And that by spending a touch over U$200m in capex...read and weep, Rick! Alphabet.
Hope you got some under 50c. I own.