jorc numbers, page-12

Is this the posy your referring to RT



To view the full post without scrolling please use the single post view. Guys,

Just thought i would run some numbers on a project basis based to what is being targeted by BCN.

It looks pretty robust - (based on these inputs).
$1.87 per share over 8 years IRR (please dont come at me with no capital etc - its an estimate) hence i only used a conservative 1.35g/t.
Happy to email out the worksheet to those who want it.

BCN Option #1 BCN Option #2 IRR
Input Input BCN
Tonnes Tonnes Recoverable oz (8 years)
1,000,000 1,500,000 500,000
Grade (g/t) Grade (g/t) Gold Price (Aus)
1.35 1.35 $1,200
Recovery % Recovery % Gross profit
0.95 0.95 $600,000,000
Annual oz Annual oz Yearly profit
41238 61856.91 $7,732
Gold price Gold price Issued shares
$1,200 $1,200 400,000,000
Revenue Revenue cent / share
$49,485,531 $49,485,531 $1.875
cent / share
$0.234

Cheers RT