based on original name plate of 550t per annum. 130k × 12 months for 550 tonnes = 1.56m annual opex... meaning 550×30kaud revenue = 16.5 million - 1.56 million opex = $14,940,000 annual profit!!
lets be conservative and i used the upper cost indicator. lets also assume cost per ton is not the same as opex (corporate costs etc.) even a suuuper conservative half of that is a 3 million dollar jump on previous estimates!
Ann: Owner Mining Commences at Granville, page-89
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