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Ann: Notice of General Meeting/Proxy Form, page-8

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283 Posts.

47

07/06/19

11:58

Post #: 38958084
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Originally posted by 42trader: ↑

Some basic numbers, approximates only.

proposed 5% of sale price for crushed and 7.5% for 62%Fe beneficated ore.

Aim is to operate at 2.4Mtpa

using only the 5% on 2.4Mtpa and using the 62% Fe price of approx USD$92 (approximate current prices) gives us a possible revenue of USD$11Mpa upwards in the longer term.

With Gold Valley responsible for providing feed and paying for processing costs including salaries its looking like a very nice deal.

Will be very interesting to see what the SP does when quotation resumes. Current market cap $15M with potential revenue of USD$11M = AUD$15M. Dilution ahead and bonus shares but still some nice numbers.

Just back of envelope stuff but it’s not a bad look at all.

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If the numbers are this good especially given the relatively minimal outlay then why would Gold Valley not just buy the plant and do the benefication themselves? As Gold Valley pays all actual cost then the risk is with them which starts to make it all sound a bit too good to be true.

IOR Price at posting: 6.9¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Notice of General Meeting/Proxy Form, page-8

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