Ive been trying work out how much gold they get.
But information is hard. But where did you get that?
Also if theres 5 grams a tone. How mucy grams do you loses to make 5 grams of gold.
31 grams is 1 ounce. So thats 6 tones of ore.
Do you lose 1 gram in the processing of the ounce?
because why didnt they meantion there gold content?
Because thats a decent amount of gold.
they meantion 5 grams to 19 grams of silver but no meantion of gold?
if they end up with 100 million tones of ore thats
500m grams of gold.
a truck would be taking 350 tones of ore thats
140k worth of gold.
Olympic Dam does 12m tones a year
thats 32000 tones a day
less put cod onto a 6m tones a year.
thats 16000 tones a day. Thats 5 trucks per 2 hours loading n unloading time maybe 10 trucks to cover more distances in travel time.
5 gramsx 16000 tones is 80k
80000x80 is 6.4m a day production in gold cost
Thats 2.4b worth of gold a year.
Half of this would pay our debt off in 1 year of production.
so if cod iocg comes back good and decides to do a mine from a debt raise n not from a CR raise.
we could see very very high divs.
most likely another CR will happen but at a very very higher market cap of Atleast $3b or more.
just need that iocg to comfrim our mineing prospects.
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Ann: Emmie Bluff Deeps IOCG Mineralisation Additional Information, page-258
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