As we all get excited, I thought I'd point out something re my rosy calculation of 21st Jan.:
"In 3 weeks we will have treated 20,160t , all going well,and that tonnage should gives us 1,680 ozs at an initial recovery rate of 2.5g/t., and worth approx $2.68 million."
Nice cashflow, but:
Out of that $2.68 mill, only &580,000 will be profit, based on their trucking/treating cost estimate of $1250/oz as announced by NME on 19th Jan. ( 1680ozs x $1250/oz)= $2,100,000 costs).
Sorry, ako, your " ..with all that revenue from production coming in and ...." of yesterday made me do that calc.
Hopefully, the costs of $1250/oz will not be exceeded, and the eventual average grade will exceed my imaginary recovered grade of 2.5g/t.
Hey, even if we average $580,000 per 21 days, its still giving us $$$$ , I just felt I should do that calc for anyone with the idea that the mentioned $2.68 mill was going to be ours to spend.....
GZ
- Forums
- ASX - By Stock
- NME
- Ann: Commencement of Processing
Ann: Commencement of Processing , page-9
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NME (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22761 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 100871 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22761 | 0.022 |
1 | 999930 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 100871 | 1 |
0.025 | 48876 | 2 |
0.027 | 198400 | 1 |
0.028 | 26666 | 1 |
0.048 | 15000 | 1 |
Last trade - 16.12pm 28/06/2024 (20 minute delay) ? |
Featured News
NME (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online