Hey, @goldatwidgie...and comrades at my collective from Vladivostok to Victoria
Будьте здоровы и верьте в золото
Bud'te zdorovy i ver'te v zoloto
Here's your scenario at Munda
Total Costs - $16,073,500 @ $2635
Total Revenue - $30,500,000 @ $5000
Surplus $14.4 million
Entirely possible that you are actually right on the money here. It may be considerably more though.
Total costs were estimated back in December at $2635 per ounce. Just how much have costs risen since then is my query. You would have to think they are up a few hundred dollars, but not that much. Meanwhile as you point out gold has risen $800 an ounce since then and could be anywhere by the time the gold goes through a mill.
Vodka aside, IMHO, the gold price will be $5500 an ounce before the starter pit at Munda is done and dusted.
Instead of 125,000 tonnes what happens if the Company manages to pull out 150,000 tonnes of ore at 2g/t? Instead of 83% recovery at the mill, what happens if it rises to 90%? Is that possible? If it were your new scenario could easily be
150,000t x 2g/t x 90% recovery = 9642 ounces.
9642 x $5500 = $53 Million
If the AISC rose to $3000 an ounces then total costs would be $29 Million.
Best case scenario is $24 million in surplus cash.
These are tremendous reasons why my vodka swilling compatriots are holding steady on Auric. Bring it on.
(20min delay)