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FDN economics fail to impress

High grades not enough to reach 20% IRR

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Ron Hochstein (second from left) thinks Ecuador’s tax regime is very competitive

Ron Hochstein (second from left) thinks Ecuador’s tax regime is very competitive

The study envisages average annual gold production of 340,000 ounces at a life of mine all-in sustaining cash cost of US$623 per oz.  Using a $1,250/oz gold price, $20/oz silver price and an average...

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