So let's do some calculations for what we get straight off the bat by processing the existing stockpile, assuming our all in costs are still around us $750 area. (excluding any royalty discounts or incentives we may get in the settlement)
*** 73,000 ounces of Gold x current Gold price us$1820 - Costs us$750 = is a profit of about us$1,070 an ounce or US$ 78,000,000
*** Converted to Aussie at 0.714 exchange rate = Aussie $ 110,000,000
Lets add the 780,000 ounces of Silver, (i believe this is just a byproduct and the cost is included in the US$750 an ounce, not sure) = $25,000,000
So.......................... do you think it will take long to payback a $35 million loan to fund the restart ?
So................market cap today is 371 million @ $1.65..... woweee
So......... Let's hope Ross the Boss get's a little extra on the loan to start the buyback around here and take these shares from whoever the numb-nuts are who's selling down here.
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- Processing stockpiled Ore will give us 73,000 ounces Au & 780,000 Ag
Processing stockpiled Ore will give us 73,000 ounces Au & 780,000 Ag
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