Good comparable for Borden
posted on
Feb 09, 2011 05:20PM
It's still very earily for Borden, but we could be marching toward a similare size project as this:
Romarco estimates 7,000-ton-per-day throughput at Haile
Romarco Minerals Inc (C:R)
Shares Issued 481,038,675
Last Close 2/8/2011 $2.41
Wednesday February 09 2011 - News Release
Ms. Diane Garrett reports
ROMARCO ANNOUNCES POSITIVE FEASIBILITY STUDY FOR HAILE GOLD MINE PROJECT
Romarco Minerals Inc. has released positive feasibility study results for its 100-per-cent-owned Haile gold mine project in Lancaster county, South Carolina, United States. The Feasibility Study was compiled by M3 Engineering & Technology Corporation ("M3") with the participation and contribution of Independent Mining Consultants ("IMC") and AMEC Americas Limited ("AMEC"). All figures are in US dollars.
The Company is also pleased to announce estimates of additional mineral potential that exists outside of the recently reported $1,200 per ounce gold in-shell resource that are not included in the Feasibility Study. Please see the section below titled "Potential Mineral Deposits" for details. Haile continues to remain open in all directions and at depth with significant potential for continuing to increase resources and reserves.
Highlights of the Feasibility Study (base case at $950/oz gold): One of the lowest capital cost, lowest operating cost and highest-grade open-pit gold mines in the industry
Capital costs of $275 million Average cash cost (after by-product credit) of $347 per ounce first five years
Reserve grade of 2.06 grams/tonne
Proven and probable reserves of 2.0 million contained ounces of gold
Robust project economics