Umizoomi,
In reply to your post, about crackpot's post on yesterday's daytrading thread, here is my post from my reply to crackpot on the daytrading thread from this morning:
crackpot,
In reply to your SRZ post on yesterday’s daytrading thread:
You say forget some of the highest grade Tin as they have a tiny deposit???
Back of envelope calc's:
Current JORC resource = 4.4mt @ 1.1% Tin = 48,400 tonnes of Tin.
48,400 x $24,000 p/t = $1.16 Billion of Revenue.
Currently drilling another 5,300 metres and finding more and more, high grade, Tin.
Upgraded resource, which is due in the current quarter, should double the current JORC resource giving us $2.32 Billion of Revenue.
Cash cost of $12,780 p/t giving us a $11,220 profit p/t or $1.08 Billion overall profit, with the price of Tin rising very sharply and with the last 5 out of 6 years being in shortage of supplying demand for Tin.
Just back of envelope calc's but not sure what you're on about saying that the project will barely cover capex???
Pre-feasibility study is also currently being compiled.
What did you calculate for the Capex to be? And what did you calculate overall for the project???
In fact, forget about all of the high grade Tin that SRZ have found since they put out the 4.4mt JORC resource and forget about the resource upgrade, as if it's not happening, and then give us the calc's and see if they cover the Capex alone, without any upgrades for the extra Tin found.
Thanks.
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