Durable West Australian mining house Straits Resources Ltd hopes to be a 200,000 Ounce per annum gold producer within three years. Furthermore, it is looking to produce the ounces for a cash cost of under 200/oz US dollars and generate an annual 40 million dollars. Straits' has a number of cards up its corporate sleeve, but for now its initial gold cash cow will be in the form of its 70 percent-owned Mt Muro project on the Indonesian island of Kalimantan, which was operated by the now deceased Aurora Gold Ltd between 1995-2002 and has a Current resource of 1,715,919 tonnes at 3.8 grams/tonne gold equivalent.
NSTL
