Well spotted!
570,000 tonnes was at 30 April 2018. To HAV's detriment, CMC shut-down the mine in August 2018, so that tailings tonnage would probably be higher by then. Was the shut-down part of Radford's cunning plan all along?
Adding to your calculations, Gold Tailing Revenues 570kt @ A$1785/oz (100% basis):
LOW 0.21g/t = A$7.6M
MID 1.06g/t = A$38.4M
HIGH 1.91g/t = A$69.3M
Explains where the balance of the gold from the JORC resource is sitting: the tailings.
Beggars belief that Stewart and Richards effectively gave away this valuable asset for a paltry 2% royalty.
HAV shareholders deserve better!
DYOR
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.99M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 18.0¢ | $38.13K | 211.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4792 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 15000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4792 | 0.180 |
3 | 52171 | 0.175 |
5 | 110000 | 0.170 |
4 | 110784 | 0.165 |
4 | 150250 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 15000 | 2 |
0.240 | 13000 | 1 |
0.250 | 2610 | 1 |
0.260 | 4100 | 1 |
0.000 | 0 | 0 |
Last trade - 13.35pm 12/09/2024 (20 minute delay) ? |
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