Miraflores economics rough simulation:
Production of 50000 ounces of Gold per annum
ASIC AUD$2000 ( let keep it high just to be safe)
Gold Price AUD$ 3400
Margin $1400 per ounce
50000 ounces * $1400 = $70 Million profit (pay back of the plant in 1.5 years?)
Life of Mine is 10 years (potential to incrase at deepth)
Profit per year $70 million * 10 years = $700Million in profit... so Miraflores alone could have that potential.
This is a quick and no brainer calculation...
Why isn't the company capable of doing the same and updating the market?
Ann: Quinchia Gold Project (Colombia) Update, page-83
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