OK boys and girls, let's do the math
60 Tonnes per day output when the equipment is going (April)
At an average of 3.5 grams a tonne (as per previous results)
say 5 days a week x 4 weeks = 20 mining days a month (probably 24)
20 days x 60 tonnes = 1200 tonnes per month x 3.5 grams = 4200 grams a month
4200 grams x $51 AUD per gram = $214,500 a month
Minus operating costs etc etc.
And that's on a low value of 3.5 grams per tonne.
Shouldn't take long to get back in the black.
- Forums
- ASX - By Stock
- NIU
- Ann: Edie Creek Mining Operations Update
Ann: Edie Creek Mining Operations Update, page-17
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NIU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online