Current Gold price: (US$925.30) @ A$8887 Conversion = A$1,041.18c per ounce now being produced by VRE at Bronzewing.
A$1,041.18c per ounce x 10,000ozs. produced per month
at Bronzewing = A$10,411,800 revenue per month.
A$547 per ounce Cost to Produce.
Profit Margin = A$494.18 per ounce
(equivalent to 47.46% G/Profit)
x 10,000ozs = A$4,941,800 G/Profit per month
x 12 Months = A$59,301,600 G/Profit per year
VRE Bronzewing Project delivers $5M for every $10
increment increase in Gold Price.
A$1040/oz delivers A$177M free cash
(up A$70M from original base case estimate in last 4 mths)and counting/climbing.
100% un-hedged gives full leverage to future Gold price rises.
......... makes the mouth water, doesn't it?
wrxsti
- Forums
- ASX - By Stock
- VRE
- cha .... ching ....... cha .... ching
cha .... ching ....... cha .... ching, page-7
-
- There are more pages in this discussion • 7 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 VRE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online