FFX 0.00% 20.0¢ firefinch limited

Ann: Firefinch Celebrates First Gold Pour, page-44

  1. 4,046 Posts.
    lightbulb Created with Sketch. 6783
    4,000 oz at say US$1800/oz = US$7.2m revenue - for 1 month !!
    Of course we only took ownership on the 11th, so I'd guess 2/3rds ours, though we did pay an approx extra $1m for gold in dore & gold in carbon.
    Notice there are at least 3 other bars to the left of the GM (who has been there since day 1). If that bar weighs 25kg, there will be 72 bars to make up 4000oz.

    Say they clear (worst case) US$700 per oz, thats US$2.8m profit per month - our share US$2.25m. That will pay for a lot of drilling, repairs etc.
    The AISC includes tax/royalty & we have about US$5m credits, so those figures very conservative.
    Happy days
 
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