Well spotted!
570,000 tonnes was at 30 April 2018. To HAV's detriment, CMC shut-down the mine in August 2018, so that tailings tonnage would probably be higher by then. Was the shut-down part of Radford's cunning plan all along?
Adding to your calculations, Gold Tailing Revenues 570kt @ A$1785/oz (100% basis):
LOW 0.21g/t = A$7.6M
MID 1.06g/t = A$38.4M
HIGH 1.91g/t = A$69.3M
Explains where the balance of the gold from the JORC resource is sitting: the tailings.
Beggars belief that Stewart and Richards effectively gave away this valuable asset for a paltry 2% royalty.
HAV shareholders deserve better!
DYOR
Possibilities: Positive and Negative, page-4
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18.0¢ |
Change
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Mkt cap ! $56.99M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 18.0¢ | $38.13K | 211.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4792 | 18.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 15000 | 2 |
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