HAW 0.00% 6.3¢ hawthorn resources limited

Ann: HAW - June 2019 Quarterly Activities Cashflow Report, page-3

  1. 283 Posts.
    lightbulb Created with Sketch. 12
    Over 24300 oz of gold x $1700 oz mined from parcels 1to 11 = $41 million
    $13.5 million for sale of leases.
    $16 million in bank where has all the money gone
    So only $3 million from 24300 oz’s it don’t add up to me.

    24300 oz x $500 = $12,150,000 profit
    $500 an oz profit is at low calculations.

    Can someone enlighten me with what is going on it doesn’t add up to me.
 
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