+ Your calcs don't include mining, transport costs, etc. which need to be subtracted and would have a significant impact on the cash return.
+ Roughly half the resources are in the "Inferred" category so can't assume all 609K tonnes will be converted to mineable reserves.
+ Also need to include Capex - ie. costs of pre-strip, mining camp, electricty, etc.
Sorry to be a party pooper, but your $121m figure is most likely over-inflated by a significant amount.
Cheers
Maverick
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