Good question Chalkstar
TMX web page says that the "current resource of 322,500 tonnes @ 5.14 grams per tonne (JORC 2004)" so 53,500 oz of gold.
I am no gold valuation expert but gold is around $1600 Aus Dollars so current total value $85,600,00
project is 322,500 tons
$45 processing at a near by mill = $14.5m
$5 Transport = $2m - Darlot is 50km~ thunderbox 30km~ by road they could process them self cheaper?
Mining open cut $4-5 per ton under ground $70 $100 a ton not sure what the split is between open and under ground so lets use $70 for the lot but this a bit silly = $22.5m
Corporate costs $5m~?
% recovery of the ore you might take 15% away?
No idea how much waist needs to be moved number??? underground would be selective you would think.
Other costs: planning permitting etc Number???
Total cost $44m Estimate (I am not a geo,valuer or engineer).
$44m negative total value $85m = $41 before state royalty 2.5% = $40m~ profit. (remember recovery might be 85% so take another $6m away)
It looks like a very small project so probably finished in 1-2 years it is so they need to drill it to make it larger.
If the above is correct (warning; lot of estimates, assumptions and guessing not based on actual project facts/knowledge). The company could have up to $3om~ cash before tax.
What would a company or a project be valued at that could generate this type of return?
Another guess say 10%-15% of possible profit so $3.5m~ - $5m~ as it is now? more if drilling is successful.
Chalkstar what do you think it is worth?
- Forums
- ASX - By Stock
- TMX
- great western
great western, page-4
-
- There are more pages in this discussion • 29 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 TMX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.064M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 11080735 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 6295560 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 11080735 | 0.003 |
18 | 29805518 | 0.002 |
11 | 36480108 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 6295560 | 4 |
0.005 | 17930286 | 15 |
0.006 | 11039997 | 5 |
0.007 | 2475936 | 4 |
0.008 | 1120000 | 2 |
Last trade - 10.08am 18/09/2024 (20 minute delay) ? |
Featured News
TMX (ASX) Chart |
Day chart unavailable