CAPITAL MARKETS

Gold price prompts Fortitude re-think

MIDAS Resources is reviewing the possibility of developing the Fortitude gold project south of Laverton in Western Australia using a range of gold prices up to $A900 per ounce.

Michael Quinn

Gold price prompts Fortitude re-think

Work in late-2004 using a $A640/oz gold price pointed to a pit containing 1.1 million tonnes grading 2.45gpt for 83,680 recovered ounces – generating an undiscounted cash flow of $A14 million. Gold is...

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