News: AGR Aguia Resources Says Fast-Track Development Of Santa Barbara Gold Mine, page-2

Now that the merger is done & dusted we have the opportunity to look at the plans for the Combined Resources under AGR Management.

Gold Production with average Grades of 31g/t and 37/g/t.
Looks exciting to me. This is my take on it.

At 31g/t x 50tpd = 1550g/day (50oz)
• Oz/pa 50 x $350. = 17,500 oz
• Rev pa: $3k/oz x 17,500. = $52m
• Net (Costs $750/oz, $9m) = $43m
• NB: Assumes Net Costs
• Assume 1.2B Shares that's profit of 3.5c/share.

Just a ball park working summary. Make your own Assumptions re Costs/oz