Good point you raised about the extension of mine life I believe the strengthening of the wall will contribute towards going down a further 80 metres for additional 18mt from Koolan on top of the 20.5mt. Once they are in full production cash costs should be between 40-50mt. So one can foresee assuming no further major capital spend assume price is around $145 US and in Aud say at 75 cents will be around $190 per tonne less cost of $50 per mt on production of average remaining life of say 4.5mt exc Shine will equate around profit before tax of $675 million. Of course this is on the basis we do get $145 USD and considering the environmental pressure the higher refinement product would be in demand good for MGX.
I like to consider Shine as an offset for any capital expenditure and or further dividends from the profit generated in the next few years - hence Koolan is straight to the bottom line.
The real interest especially in 2022-23 for MGX is the potential acquisition although they have 3 junior miners closely guarded I be interested to know if its a base metal - I like to see a copper, lithium or gold or maybe we merge with Jim Beyers Regis - that would be really good.
Regardless there is one private investor - holds about 13% , DeBortoli Wines hold around 44 million shares. There is some serious cash floating around this company. Next few years will be interesting.
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