So IMO
500,000,000kg ore to mine @2.85g/t will bring 1425kg gold.
1425kg = 50265ou x $2500 = $126,562,500
cost to mine 50265ou x $1500 = $75,397,500
profit $ 51,165,000
GV 30% = $15,349,500 + $10,000,000 loan =$25,349,500
balance $25,815,500
less dept = $……. Tipster may know =$ left to mine the other 40,000 ounces left there out of the 90,000ou that’s inferred!!!!
STILL NO DIVIDENDS PAID
DYOR just saying..
Ann: Classic secures $10 million to take Kat Gap to production, page-144
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