"50,000 ozs gold a year.... make about $70million a year"
That's $1,400 an ozs compared with current $1,600-1,650.
That leaves costs of $200/oz which sounds unbelievably good especially when compared to many companies in production as scheduled by recent brokers research such as Ords or Veritas ?
I'm interested what costs are assumed and the A$ gold price assumption to "make" $70m or do I substitute 'revenue' for "make" ?.
If your numbers are right it is indeed worthy of more interest than currently being shown by the market.
CRC Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held