i read this a little differently. tl suggests that $250,000 to $300,000 free cash-flow could be achieved by producing 5 to 6oz per day.
the two variables are tonnes milled and grade.
if one assumes 50t/d then grade would only need to be 3.4 g/t
i guess it's easy enough to play around-- what if they source material at 7 g/t , then only half as much through-put would be required that day.
we all know that the edie creek system is unashamedly rich.. plenty of articles sourced by @specgoldbug and production last half year averaged 16.2 g/t
it just goes to show the operational leverage that NIU have should they get their shiit together.
plenty of long suffering holders here whom I'm sure would take some solid consecutive months of production which on these numbers would see around $1,000,000 (one million bucks) in free cash generated in as little as 3 or 4 months.
SP clearly can't stay anywhere near here if that comes to pass...
just my cals.. my opinion..
- Forums
- ASX - By Stock
- NIU
- Ann: Half Yearly Report and Accounts
Ann: Half Yearly Report and Accounts, page-9
-
- There are more pages in this discussion • 22 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
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online