FFM 2.55% 80.5¢ firefly metals ltd

The 225 tonne a day equipment is apparently still there but no...

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    The 225 tonne a day equipment is apparently still there but no doubt would need a bit of maintance.
    Just back of the beer coaster numbers….
    225 tonnes @say 5 gms per tonne gives 1,125 gms a day..circa 38 ounces a day.
    38 0zs worth lets say $AUD 2000 per Oz is $76000 per day, $2,280,000 per month.
    I dont know the operating costs but power, excavators, trucks, wages etc might be Hmm $300,000 per month?. It wouldnt take too much equipment to move 225 tonnes a day!
    So a profit of around $1.9 mil per month.$23 mil pa before tax.
    Small bikkies in a sense but geez that may help reduce capital raising!
    They could also invest in a bigger processing plant I suppose.
    So management get the permits done and continue the detailed planning of the larger open pit BUT start putting dirt into that dammed processor tomorrow!.
    A very small scale startup as a baby first step in benefitting from that gold we investors have funded you to discover!
    FOX


 
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