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1.7¢ clara resources australia ltd

Ann: Positive Results for Taronga Ore-sorting Test Work, page-206

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banana man

1,979 Posts.

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28/10/18

16:25

Post #: 36289389
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Originally posted by MStien ↑

Am I misunderstanding your post. I am sure I remember reading a gold miners report stating their cost price was roughly $1,200 an ounce which at the current spot of roughly $1,700aud leaves a $500 margin multiplied by the number of ounces in a ton 500x32,000= $16,000,000. I don't remember if it was a junior but even assuming a margin a third of what has been used you would get significantly more profit per ton for gold. By the time we get Taronga going we will no longer be a junior anyway. Perhaps I am misunderstanding your post but it kind of seems like you're applying future potential to the current SP and saying we are so far ahead of everyone when we aren't yet making a $. Not trying to be negative it just read strange to me.

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How to explain this ahhhh.....If thats the case the gold miner has spent $38.4 million to make $16 million right!

ANW will spend based on 15k/t cost and $30k/t tin price....only $16 million to make $16 millon profit.....and it actually might be better than that!.....ounces, grams, tonnes,%, all thats relevant is cost base vs profit.

Last edited by banana man: 28/10/18

ANW Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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Last 1.7¢		Change -0.002(10.5%)		Mkt cap ! $3.802M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$2.155K	126.7K

Buyers (Bids)

No.	Vol.	Price($)
2	278135	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	328569	3

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No.	Vol.	Price($)
2	278135	0.017
3	129823	0.016
4	579829	0.015
1	250000	0.014
1	520149	0.013

Price($)	Vol.	No.
0.019	328569	3
0.020	300000	1
0.021	50000	1
0.022	543000	3
0.023	185758	1

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